市场避险预期升温推高比特币，突破12.6万美元后转跌，近46亿元资金爆仓！

Core Insights - Bitcoin has experienced significant price fluctuations, recently reaching a high of $126,080 before dropping to around $122,444, marking an overall increase of over 8% in October [1][3][4] - The price surge is attributed to factors such as the anticipation of a Bitcoin spot ETF, support from notable figures like Trump, and the Federal Reserve's interest rate cuts [3][4] - The recent U.S. government shutdown has led to increased demand for Bitcoin as a safe-haven asset, contributing to its price rise [3][4] Price Performance - Bitcoin's price has shown volatility throughout 2025, starting the year around $95,000, dropping below $80,000 in April, and subsequently breaking through multiple key price levels [3] - The overall price increase from October 8, 2024, to October 8, 2025, is approximately 95.4% [3] Market Dynamics - The current market sentiment is influenced by expectations of a shift towards global liquidity, with the Federal Reserve's recent rate cut seen as a catalyst for increased risk appetite [4] - The recent price movements of Bitcoin have shown a correlation with gold, as both are viewed as safe-haven assets during times of uncertainty [4] Liquidation Events - A significant number of liquidations occurred recently, with 170,631 individuals liquidated in the past 24 hours, totaling approximately $645 million [4][5] - Despite the high volatility, the liquidation amounts are notably lower than in previous high-volatility periods, indicating that the current market dynamics are driven more by institutional investment rather than high-leverage speculation [5]