<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2025/10/crypto-crash.webp?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2025/10/crypto-crash.webp"/></p>
<p>今天，5 月 18 日，发生了一场加密货币崩盘，比特币领跌，伴随着清算和债券收益率的上升。比特币价格跌至 76,500 美元，为三周以来的最低水平。</p>
<p>大多数山寨币处于下跌状态，比特币现金（BCH）下跌 7.30%，而 Terra Luna Classic（LUNC）、Pi Network（PI）和 World Liberty Finance（WLFI）则暴跌超过 5%。所有币种的市场总市值下降了 1.36%，降至 2.56 万亿美元。</p>
<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Crypto-Market-Crash.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Crypto-Market-Crash.png"/></p>
<p><em>加密市场今天回调 | 来源：CMC</em></p>
<h2>加密崩盘引发高额清算</h2>
<p>持续的加密市场崩盘引发了清算激增，许多交易者措手不及。过去 24 小时内，清算金额跃升 42%，达到 6.61 亿美元。</p>
<p>在过去 24 小时内，价值超过 2.57 亿美元的以太坊头寸被清算。同样，价值超过 1.82 亿美元的比特币头寸在同一时期被抹去。其他被清算的主要币种包括 Solana（SOL）、Ripple（XRP）和比特币现金。</p>
<p>加密清算发生在高杠杆交易遭受重大损失时，迫使加密交易所关闭这些交易。这种抛售通常会导致更多压力，从而拉低价格。</p>
<p>交易者对去年 10 月 10 日发生的事件记忆犹新，当时超过 160 万名交易者遭受了 200 亿美元的损失。确实，分析师认为这是比特币和大多数山寨币挣扎的主要原因之一。</p>
<h2>全球债券收益率飙升影响加密价格</h2>
<p>加密市场崩盘也发生在全球债券收益率上升之际。在日本，债券收益率持续上升，目前已达到多年来的最高水平。</p>
<p>美国的情况也是如此，收益率今天继续上升。数据显示，30 年期收益率跃升至 5.1%，而 2 年期和 10 年期分别上升至 4.1% 和 4.6%。</p>
<p>全球债券收益率飙升是由于原油价格上涨，布伦特原油和西德克萨斯中质原油（WTI）分别上涨至 113 美元和 110 美元。</p>
<p>人们担心这种上涨在短期内将继续，因为美联储在未来几个月加息的可能性增加。数据显示，消费者价格指数（CPI）上涨至 3.8%，生产者价格指数（PPI）飙升至 6.0%。</p>
<p>在高利率环境下，比特币和其他山寨币往往表现不佳。股市也是如此，亚洲股指大幅下跌。美国股市期货也持续下跌。</p>
<h2>比特币和以太坊 ETF 资金流出</h2>
<p>加密市场崩盘也发生在比特币和以太坊 ETF 资金流出激增之际。SoSoValue 汇编的数据表明，现货比特币 ETF 上周流出超过 10 亿美元。</p>
<p>以太坊的情况也是如此，其资金连续六天流出资产。上周损失超过 2.55 亿美元，使得本月的资金流出总额超过 8300 万美元。</p>
<p>比特币和以太坊 ETF 资金流出的减少意味着需求在下降。这也意味着投资者在近期获利后选择了兑现。</p>
<p>展望未来，加密市场将对唐纳德·特朗普是否决定再次对伊朗发起攻击做出反应。它还将对即将发布的 FOMC 会议纪要做出反应，这将提供更多关于经济状况的信息。</p>
<p>该文章的标题为《加密崩盘：为什么比特币现金、LUNC、Pi Network、WLFI 在下跌？》，首次发布于 Invezz。</p>

CRCL

GBTC

RIOT

<p>5 月 18 日，发生了一次重大加密货币崩盘，比特币跌至 76,500 美元，为三周以来的最低点。比特币现金下跌 7.30%，而 LUNC、Pi Network 和 WLFI 均下跌超过 5%。市场总市值下降 1.36%，至 2.56 万亿美元，清算金额激增 42%，达到 6.61 亿美元。全球债券收益率上升以及比特币和以太坊的 ETF 资金流出加剧了这一下跌，交易者对经济压力和获利了结作出反应</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2025/10/crypto-crash.webp" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2025/10/crypto-crash.webp"/></p>
<p>A crypto crash is happening today, May 18, with Bitcoin leading the charge, amid rising liquidations and bond yields. Bitcoin price dropped to $76,500, its lowest level in three weeks.</p>
<div class="lb-trans"><p>今天，5 月 18 日，发生了一场加密货币崩盘，比特币领跌，伴随着清算和债券收益率的上升。比特币价格跌至 76,500 美元，为三周以来的最低水平。</p>
</div><p>Most altcoins were in the red, with Bitcoin Cash (BCH) falling by 7.30% and Terra Luna Classic (LUNC), Pi Network (PI), and World Liberty Finance (WLFI) plunging by over 5%. The market capitalization of all coins dropped by 1.36% to $2.56 trillion.</p>
<div class="lb-trans"><p>大多数山寨币处于下跌状态，比特币现金（BCH）下跌 7.30%，而 Terra Luna Classic（LUNC）、Pi Network（PI）和 World Liberty Finance（WLFI）则暴跌超过 5%。所有币种的市场总市值下降了 1.36%，降至 2.56 万亿美元。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Crypto-Market-Crash.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Crypto-Market-Crash.png"/></p>
<p><em>Crypto market pulled back today | Source: CMC</em></p>
<div class="lb-trans"><p><em>加密市场今天回调 | 来源：CMC</em></p>
</div><h2>Crypto crash triggers leads high liquidations</h2>
<div class="lb-trans"><h2>加密崩盘引发高额清算</h2>
</div><p>The ongoing crypto market crash has triggered a surge in liquidations as many traders have been caught off guard. Liquidations jumped by 42% in the last 24 hours to $661 million.</p>
<div class="lb-trans"><p>持续的加密市场崩盘引发了清算激增，许多交易者措手不及。过去 24 小时内，清算金额跃升 42%，达到 6.61 亿美元。</p>
</div><p>Ethereum positions worth over $257 million were liquidated in the last 24 hours. Similarly, Bitcoin liquidations worth over $182 million were wiped out in the same period. Some of the other most liquidated coins were Solana (SOL), Ripple (XRP), and Bitcoin Cash.</p>
<div class="lb-trans"><p>在过去 24 小时内，价值超过 2.57 亿美元的以太坊头寸被清算。同样，价值超过 1.82 亿美元的比特币头寸在同一时期被抹去。其他被清算的主要币种包括 Solana（SOL）、Ripple（XRP）和比特币现金。</p>
</div><p>Crypto liquidations happen when highly leveraged trades make substantial losses, pushing crypto exchanges to shut them. This selling normally leads to more pressure, which drags prices lower.</p>
<div class="lb-trans"><p>加密清算发生在高杠杆交易遭受重大损失时，迫使加密交易所关闭这些交易。这种抛售通常会导致更多压力，从而拉低价格。</p>
</div><p>Traders have strong memories of what happened on October 10 last year when over 1.6 million traders suffered $20 billion in losses. Indeed, analysts believe that this is one of the top reasons why Bitcoin and most altcoins have struggled.</p>
<div class="lb-trans"><p>交易者对去年 10 月 10 日发生的事件记忆犹新，当时超过 160 万名交易者遭受了 200 亿美元的损失。确实，分析师认为这是比特币和大多数山寨币挣扎的主要原因之一。</p>
</div><h2>Soaring global bond yields is affecting crypto prices</h2>
<div class="lb-trans"><h2>全球债券收益率飙升影响加密价格</h2>
</div><p>The crypto market crash is also happening as global bond yields jump. In Japan, bond yields have continued moving upwards and are now at the highest level in years.</p>
<div class="lb-trans"><p>加密市场崩盘也发生在全球债券收益率上升之际。在日本，债券收益率持续上升，目前已达到多年来的最高水平。</p>
</div><p>The same is happening is the United States, where yields continued rising today. Data shows that the 30-year yield jumped to 5.1%, while the 2-year and 10-year moved to 4.1% and 4.6%, respectively.</p>
<div class="lb-trans"><p>美国的情况也是如此，收益率今天继续上升。数据显示，30 年期收益率跃升至 5.1%，而 2 年期和 10 年期分别上升至 4.1% 和 4.6%。</p>
</div><p>Global bond yields have soared because of the rising crude oil prices <strong>,</strong> with Brent and the West Texas Intermediate (WTI) rising to $113 and $110, respectively.</p>
<div class="lb-trans"><p>全球债券收益率飙升是由于原油价格上涨，布伦特原油和西德克萨斯中质原油（WTI）分别上涨至 113 美元和 110 美元。</p>
</div><p>There are fears that this surge will continue in the near term as odds that the Federal Reserve will hike interest rates in the coming months. For one, data showed that the headline consumer price index jumped to 3.8% and the producer price index soared to 6.0%.</p>
<div class="lb-trans"><p>人们担心这种上涨在短期内将继续，因为美联储在未来几个月加息的可能性增加。数据显示，消费者价格指数（CPI）上涨至 3.8%，生产者价格指数（PPI）飙升至 6.0%。</p>
</div><p>Bitcoin and other altcoins tend to underperform the market in high interest rates environment. The same is happening in the stock market, with Asian indices falling sharply. US stock market futures have also continued falling.</p>
<div class="lb-trans"><p>在高利率环境下，比特币和其他山寨币往往表现不佳。股市也是如此，亚洲股指大幅下跌。美国股市期货也持续下跌。</p>
</div><h2>Bitcoin and Ethereum ETF outflows</h2>
<div class="lb-trans"><h2>比特币和以太坊 ETF 资金流出</h2>
</div><p>The crypto market crash is also happening as Bitcoin and Ethereum ETF outflows jump. Data compiled by SoSoValue shows that the spot Bitcoin ETFs shed over $1 billion last week.</p>
<div class="lb-trans"><p>加密市场崩盘也发生在比特币和以太坊 ETF 资金流出激增之际。SoSoValue 汇编的数据表明，现货比特币 ETF 上周流出超过 10 亿美元。</p>
</div><p>The same happened with Ethereum, whose funds shed asset for six consecutive days. They lost over $255 million last week, bringing the monthly outflows to over $83 million.</p>
<div class="lb-trans"><p>以太坊的情况也是如此，其资金连续六天流出资产。上周损失超过 2.55 亿美元，使得本月的资金流出总额超过 8300 万美元。</p>
</div><p>Falling Bitcoin and Ethereum ETF outflows mean that demand is falling. It also means that investors are booking profits after the recent gains.</p>
<div class="lb-trans"><p>比特币和以太坊 ETF 资金流出的减少意味着需求在下降。这也意味着投资者在近期获利后选择了兑现。</p>
</div><p>Looking ahead, the crypto market will react to Donald Trump’s decision on whether to launch another attack against Iran. It will also react to the upcoming FOMC minutes, which will provide more color on the state of the economy.</p>
<div class="lb-trans"><p>展望未来，加密市场将对唐纳德·特朗普是否决定再次对伊朗发起攻击做出反应。它还将对即将发布的 FOMC 会议纪要做出反应，这将提供更多关于经济状况的信息。</p>
</div><p>The post Crypto crash: why are Bitcoin Cash, LUNC, Pi Network, WLFI going down? appeared first on Invezz</p>
<div class="lb-trans"><p>该文章的标题为《加密崩盘：为什么比特币现金、LUNC、Pi Network、WLFI 在下跌？》，首次发布于 Invezz。</p>
</div>

Crypto crash: why are Bitcoin Cash, LUNC, Pi Network, WLFI going down?

- 5 月 18 日，加密货币市场崩盘， 比特币跌至新低 76,500 美元。  
- 清算金额在 24 小时内激增 42%，达到 6.61 亿美元。  
- 全球债券收益率上升，加剧加密市场压力，ETF 资金流出超过 10 亿美元。

invezz

Circle

Grayscale Bitcoin Trust BTC - ETF

Riot Platforms

Galaxy Digital

Coinbase

Grayscale Ethereum Staking ETF

Marathon Digital

纳斯达克 NexGen 经济 ETF - Reality Shares

ARK 21Shares Bitcoin ETF

ProShares Bitcoin Strategy ETF

Valkyrie Bitcoin and Ether Strategy ETF

Grayscale Ethereum Mini Staking ETF

1 倍做空加密货币行业 ETF - Direxion

区块链 ETF - Amplify

WisdomTree Bitcoin Fund

VanEck Ethereum ETF

Franklin Ethereum ETF

Invesco Galaxy Ethereum ETF

IShares Ethereum Trust ETF

Franklin Bitcoin ETF

Fidelity Ethereum Fund

Invesco Galaxy Bitcoin ETF

iShares Bitcoin Trust ETF

2 倍做多加密货币行业 ETF - Direxion

21Shares Ethereum ETF

COIN 周收益 ETF - Roundhill

VanEck Bitcoin ETF

Grayscale Solana Staking ETF

Bitwise Ethereum ETF

Fidelity Wise Origin Bitcoin Fund - ETF

CoinShares Bitcoin ETF

2 倍做多 Riot ETF - Defiance

Bitwise Bitcoin ETF

Proshares Ether Strategy ETF

加密货币市场崩盘：为什么比特币现金、LUNC、Pi Network 和 WLFI 正在下跌？