<p>在過去 24 小時內，山寨幣市場承受了巨大的壓力，主要代幣普遍下跌，市場市值（不包括比特幣和穩定幣）急劇收縮。</p>
<p>根據市場數據，<strong>不包括 BTC 的總加密市場市值降至約 1.2 萬億美元</strong>，較前一日下降了大約 <strong>500 億美元</strong>，即超過 <strong>4%</strong>，基於最新的日蠟燭圖。</p>
<p>交易量保持在 <strong>1470 億美元</strong> 附近，表明此次拋售是由於積極的風險降低，而非流動性不足。</p>
<h2><strong>主要山寨幣出現大幅周損</strong></h2>
<p>在大盤山寨幣領域，損失普遍且超出了短期波動。</p>
<p>以太坊跌破 <strong>3000 美元</strong>，當天下跌約 <strong>7%</strong>，過去一週幾乎下跌 <strong>7%</strong>，而索拉納跌至約 <strong>127 美元</strong>，在七天內損失超過 <strong>11%</strong>。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/Screenshot-2026-01-20-at-21.48.22.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://ambcrypto.com/wp-content/uploads/2026/01/Screenshot-2026-01-20-at-21.48.22.png"/></p>
<p>來源：CoinMarketCap</p>
<p>XRP 表現不佳，過去一週下跌超過 <strong>11%</strong>，而狗狗幣和卡爾達諾的周損也相似，均在 <strong>14%</strong> 或以上。</p>
<p>即使是相對防禦性的大盤幣種也未能穩住。BNB 在一週內下跌超過 <strong>5%</strong>，而 Tron 則稍微下跌，但仍然以負值收盤。</p>
<p>門羅幣的波動最為劇烈，周損超過 <strong>25%</strong>，突顯了下跌的廣泛性。</p>
<h2><strong>山寨幣市場結構在關鍵水平下弱化</strong></h2>
<p>不包括比特幣的總市值圖表顯示出明顯的結構損失。在本月早些時候未能重新奪回 <strong>1.3 萬億美元</strong> 區域後，市場回落並持續形成更低的高點，最新的下跌將價格推向 2024 年中期最後一次出現的水平。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/TOTAL2_2026-01-20_21-49-16.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://ambcrypto.com/wp-content/uploads/2026/01/TOTAL2_2026-01-20_21-49-16.png"/></p>
<p>來源：TradingView</p>
<p>動量指標反映出下行壓力加大。<strong>日 RSI 已跌破 40</strong>，表明買方力量減弱。同時，紅色蠟燭期間的交易量激增表明是分配而非整合。</p>
<p>這一崩潰突顯出資本正以比特幣更快地流出山寨幣。這顯示出一種經典的風險規避輪換，交易者首先減少對高貝塔資產的敞口。</p>
<h2><strong>比特幣的疲軟影響山寨幣</strong></h2>
<p>儘管比特幣未被納入總市值計算，但其跌破 <strong>90,000 美元</strong> 似乎加速了山寨幣的損失。</p>
<p>歷史上，比特幣的急劇下跌往往會放大更廣泛市場的下行波動，特別是在槓桿被清除和信心減弱時。</p>
<p>在比特幣沒有立即恢復且流動性條件收緊的情況下，山寨幣在短期內仍然容易受到進一步下行的影響。</p>
<hr/>
<h2><strong>最終思考</strong></h2>
<ul>
<li>山寨幣市場在一天內損失了大約 500 億美元，大多數大盤代幣的周損均為雙位數。</li>
<li>在更廣泛的市場信心恢復之前，山寨幣相對於比特幣可能仍將承受壓力。</li>
</ul>
<hr/>

<p>替代幣市場經歷了顯著的損失，市值下降約 500 億美元，目前約為 1.2 萬億美元。主要代幣如以太坊和 Solana 分別下跌超過 7% 和 11%，而 XRP 和狗狗幣也出現了大幅的周損失。市場結構減弱，表明資金快速流出替代幣，風險偏好下降。比特幣跌破 90,000 美元加劇了這一情況，導致替代幣在短期內進一步脆弱。總體而言，替代幣市場仍然承壓，直到信心恢復</p>

<p>The altcoin market came under heavy pressure in the past 24 hours, with broad losses across major tokens and a sharp contraction in market capitalization excluding Bitcoin and stablecoins.</p>
<div class="lb-trans"><p>在過去 24 小時內，山寨幣市場承受了巨大的壓力，主要代幣普遍下跌，市場市值（不包括比特幣和穩定幣）急劇收縮。</p>
</div><p>According to market data, the <strong>total crypto market cap excluding BTC fell to around $1.2 trillion</strong>, marking a daily decline of roughly <strong>$50 billion</strong>, or just over <strong>4%</strong>, based on the latest daily candle.</p>
<div class="lb-trans"><p>根據市場數據，<strong>不包括 BTC 的總加密市場市值降至約 1.2 萬億美元</strong>，較前一日下降了大約 <strong>500 億美元</strong>，即超過 <strong>4%</strong>，基於最新的日蠟燭圖。</p>
</div><p>Trading volume remained elevated near <strong>$147 billion</strong>, suggesting the sell-off was driven by active risk reduction rather than thin liquidity.</p>
<div class="lb-trans"><p>交易量保持在 <strong>1470 億美元</strong> 附近，表明此次拋售是由於積極的風險降低，而非流動性不足。</p>
</div><h2><strong>Major altcoins post steep weekly losses</strong></h2>
<div class="lb-trans"><h2><strong>主要山寨幣出現大幅周損</strong></h2>
</div><p>Across the large-cap altcoin segment, losses were widespread and extended beyond short-term volatility.</p>
<div class="lb-trans"><p>在大盤山寨幣領域，損失普遍且超出了短期波動。</p>
</div><p>Ethereum slipped below <strong>$3,000</strong>, down roughly <strong>7% on the day</strong> and nearly <strong>7% over the past week</strong>, while Solana fell to around <strong>$127</strong>, shedding more than <strong>11% on a seven-day basis</strong>.</p>
<div class="lb-trans"><p>以太坊跌破 <strong>3000 美元</strong>，當天下跌約 <strong>7%</strong>，過去一週幾乎下跌 <strong>7%</strong>，而索拉納跌至約 <strong>127 美元</strong>，在七天內損失超過 <strong>11%</strong>。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/Screenshot-2026-01-20-at-21.48.22.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/01/Screenshot-2026-01-20-at-21.48.22.png"/></p>
<p>Source: CoinMarketCap</p>
<div class="lb-trans"><p>來源：CoinMarketCap</p>
</div><p>XRP also underperformed, declining over <strong>11% in the past week</strong>, while Dogecoin and Cardano recorded similar weekly losses of <strong>14%</strong> or more.</p>
<div class="lb-trans"><p>XRP 表現不佳，過去一週下跌超過 <strong>11%</strong>，而狗狗幣和卡爾達諾的周損也相似，均在 <strong>14%</strong> 或以上。</p>
</div><p>Even relatively defensive large caps failed to hold ground. BNB fell over <strong>5%</strong> on the week, while Tron declined more modestly but still posted a negative daily close.</p>
<div class="lb-trans"><p>即使是相對防禦性的大盤幣種也未能穩住。BNB 在一週內下跌超過 <strong>5%</strong>，而 Tron 則稍微下跌，但仍然以負值收盤。</p>
</div><p>Monero saw one of the sharpest moves, with weekly losses exceeding <strong>25%</strong>, underscoring the breadth of the downturn.</p>
<div class="lb-trans"><p>門羅幣的波動最為劇烈，周損超過 <strong>25%</strong>，突顯了下跌的廣泛性。</p>
</div><h2><strong>Altcoin market structure weakens below key levels</strong></h2>
<div class="lb-trans"><h2><strong>山寨幣市場結構在關鍵水平下弱化</strong></h2>
</div><p>The total market cap excluding Bitcoin chart shows a clear loss of structure. After failing to reclaim the <strong>$1.3 trillion</strong> area earlier this month, the market rolled over and continued printing lower highs, with the latest drop pushing prices toward levels last seen in mid-2024.</p>
<div class="lb-trans"><p>不包括比特幣的總市值圖表顯示出明顯的結構損失。在本月早些時候未能重新奪回 <strong>1.3 萬億美元</strong> 區域後，市場回落並持續形成更低的高點，最新的下跌將價格推向 2024 年中期最後一次出現的水平。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2026/01/TOTAL2_2026-01-20_21-49-16.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2026/01/TOTAL2_2026-01-20_21-49-16.png"/></p>
<p>Source: TradingView</p>
<div class="lb-trans"><p>來源：TradingView</p>
</div><p>Momentum indicators reflect growing downside pressure. <strong>The daily RSI has slipped below 40</strong>, pointing to weakening buyer strength. At the same time, volume spikes during red candles suggest distribution rather than consolidation.</p>
<div class="lb-trans"><p>動量指標反映出下行壓力加大。<strong>日 RSI 已跌破 40</strong>，表明買方力量減弱。同時，紅色蠟燭期間的交易量激增表明是分配而非整合。</p>
</div><p>This breakdown highlights that capital is exiting altcoins faster than Bitcoin. This shows a classic risk-off rotation where traders reduce exposure to higher-beta assets first.</p>
<div class="lb-trans"><p>這一崩潰突顯出資本正以比特幣更快地流出山寨幣。這顯示出一種經典的風險規避輪換，交易者首先減少對高貝塔資產的敞口。</p>
</div><h2><strong>Bitcoin weakness spills into altcoins</strong></h2>
<div class="lb-trans"><h2><strong>比特幣的疲軟影響山寨幣</strong></h2>
</div><p>Although Bitcoin was excluded from the total market cap calculation, its drop below <strong>$90,000</strong> appears to have accelerated losses across altcoins.</p>
<div class="lb-trans"><p>儘管比特幣未被納入總市值計算，但其跌破 <strong>90,000 美元</strong> 似乎加速了山寨幣的損失。</p>
</div><p>Historically, sharp Bitcoin declines tend to amplify downside volatility in the broader market, particularly when leverage is flushed out and confidence weakens.</p>
<div class="lb-trans"><p>歷史上，比特幣的急劇下跌往往會放大更廣泛市場的下行波動，特別是在槓桿被清除和信心減弱時。</p>
</div><p>With no immediate recovery in Bitcoin and liquidity conditions tightening, altcoins remain vulnerable to further downside in the short term.</p>
<div class="lb-trans"><p>在比特幣沒有立即恢復且流動性條件收緊的情況下，山寨幣在短期內仍然容易受到進一步下行的影響。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><h2><strong>Final Thoughts</strong></h2>
<div class="lb-trans"><h2><strong>最終思考</strong></h2>
</div><ul>
<li>The altcoin market lost roughly $50 billion in a single day, with most large-cap tokens posting double-digit weekly losses.</li>
<li>Until broader market confidence returns, altcoins are likely to remain under pressure relative to Bitcoin.</li>
</ul>
<div class="lb-trans"><ul>
<li>山寨幣市場在一天內損失了大約 500 億美元，大多數大盤代幣的周損均為雙位數。</li>
<li>在更廣泛的市場信心恢復之前，山寨幣相對於比特幣可能仍將承受壓力。</li>
</ul>
</div><hr/>
<div class="lb-trans"><hr/>
</div>

隨着賣壓加劇，山寨幣市場出現了顯著的回調