又有超20万人爆仓，比特币交易额骤减近70%

Core Insights - The cryptocurrency market experienced a significant downturn on October 11, with a record liquidation amount exceeding $19 billion and 1.64 million individuals affected, marking it as one of the darkest days in the industry [1] - On October 12, Bitcoin fell below $111,000, with major cryptocurrencies like Solana, Ethereum, BNB, and XRP also experiencing substantial declines, with trading volumes dropping between 50% to 70% [1][2] Market Performance - Bitcoin's price was reported at $111,694.7, with a 24-hour decline of 0.67% and a trading volume decrease of approximately 68.92% [2] - Ethereum's price was $3,818.93, showing a slight increase of 0.47%, but its trading volume fell by 63.23% [2] - Other cryptocurrencies such as Solana, XRP, and BNB also saw significant price drops and trading volume reductions, with Solana down 1.50% and XRP down 2.02% [2][3] Liquidation Data - Over the past 24 hours, more than 200,000 individuals faced liquidation, with a total liquidation amount of $561 million, predominantly from long positions [3][4] - The total open interest in the market was reported at $153.48 billion, indicating a slight increase of 0.14% [4] Market Analysis - The decline in Bitcoin's price is attributed to multiple market factors, including high leverage levels and a fragile market structure that triggered concentrated liquidation mechanisms [5] - Macroeconomic uncertainties, such as the announcement of increased tariffs by the U.S. on China, have heightened global risk aversion, impacting cryptocurrency sentiment [5] - Recent tightening of market liquidity and a cautious stance from institutional investors have further exacerbated market volatility [5]