24小时13万人爆仓！加密货币继续暴跌，以太坊失守4000美元大关

Core Viewpoint - Ethereum has fallen below the $4000 mark, reaching a nearly seven-week low, contributing to a significant market correction in the cryptocurrency sector, with over $140 billion in market value evaporated [1]. Group 1: Market Performance - On September 25, Ethereum experienced a maximum decline of 4.7%, hitting a low of $3969, while Bitcoin also saw a decrease of 1.7% [3]. - In the past 24 hours, approximately 130,000 traders were liquidated, with total liquidation amounts exceeding $400 million [3]. Group 2: Institutional Investment and Market Dynamics - The cooling of institutional fund inflows has intensified selling pressure, with nearly $300 million withdrawn from U.S.-listed Ethereum ETFs since Monday [5]. - A sudden market drop on Monday led to the forced liquidation of $1.7 billion in long positions, impacting nearly all major cryptocurrencies [5]. - Analysts indicate that Ethereum's recent downturn is attributed to reduced institutional inflows and short-term technical indicators showing pressure [5]. Group 3: Long-term Holder Behavior - Despite Ethereum's supply on exchanges dropping to a nine-year low, indicating that investors are withdrawing tokens for long-term holding, the market still faces selling pressure from long-term holders [6]. - Over the past month, investors have purchased more than 2.7 million Ethereum, valued at over $11.3 billion, reflecting strong confidence in Ethereum's long-term potential [6]. - However, the rising activity metrics for long-term holders suggest that these investors are selling rather than accumulating, leading to a stalemate between bullish and bearish market forces [6]. - If long-term holders continue to sell significantly, Ethereum's price may face further declines, potentially testing the $3910 level, which could undermine current bullish expectations [6].