加密货币周一继续“血崩”，部分代币已跌回10月闪崩低点，“比特币的机构需求7个月来首次低于挖矿速度”

Core Insights - The cryptocurrency market is facing renewed selling pressure amid a historic deleveraging event in October, with a key indicator showing a decline in demand from large institutional investors, exacerbating market caution [1][4] Market Performance - Bitcoin's price fell below $107,000, with a notable drop of 4.3% to around $105,300 on Monday, despite a year-to-date increase of approximately 14% [1][4] - The MarketVector index, tracking the performance of the bottom 50 of the top 100 digital assets, has declined for three consecutive trading days, with a total drop of 8.8%, and a year-to-date decrease of about 60% [4] Institutional Demand - A concerning signal is that institutional demand for Bitcoin has fallen below the rate of new coin mining for the first time in seven months, indicating that large buyers may be retreating [3][4] - This shift suggests a potential weakening of one of the key forces that previously drove market growth [4] Market Sentiment - Market participants describe the current state as a "hangover phase" following the October liquidation event that wiped out approximately $19 billion in long positions, indicating that rebuilding the capital base will take time [4] - Investors are cautious and are unlikely to re-enter the market until a convincing price bottom is established [4] Additional Selling Pressure - The recent downturn is not solely attributed to the October market shock; some previously dormant Bitcoin wallets have been activated, contributing to selling pressure as investors take profits [5] - Analysts note that the current technical landscape shows a divided market, with Bitcoin's price declining since summer, while XRP has also shown a downward trend [5]