刚刚！黑天鹅突袭！34万人爆仓！机构对比特币需求降温

Core Viewpoint - The cryptocurrency market has experienced significant volatility, with Bitcoin and Ethereum seeing substantial price drops, leading to over $12 billion in liquidations and heightened investor fear due to a recent hack on a DeFi protocol [1][2][3]. Market Performance - Bitcoin fell from $110,000 to below $106,000, while Ethereum dropped over 9%, breaking the critical support level of $3,600, marking a 25% decline from its August high of $4,885 [2][3]. - The total liquidation in the cryptocurrency market exceeded $12.78 billion within 24 hours, affecting over 340,000 traders, with long positions accounting for the majority of liquidations [3][4]. Institutional Demand - Institutional demand for Bitcoin has decreased, with the net inflow of Bitcoin into ETFs dropping significantly, indicating a retreat from large buyers [5][8]. - Recent data shows that the weekly net inflow for BlackRock's Bitcoin ETF has been below 600 Bitcoin, a stark contrast to previous periods where it exceeded 10,000 Bitcoin [8]. Regulatory Developments - The European Union is planning to enhance regulatory oversight of cryptocurrency exchanges and stock exchanges by granting broader powers to the European Securities and Markets Authority (ESMA) [6]. - This initiative aims to reduce regulatory fragmentation and lower cross-border trading costs, with a draft proposal expected in December [6]. Market Sentiment - The overall sentiment in the cryptocurrency market is shifting towards risk aversion, as evidenced by the increase in put options for Ethereum, indicating traders are betting on further declines [2][5]. - Despite the recent drop in inflows, some analysts note that large asset management firms are actively managing their cryptocurrency holdings, suggesting a strategic adjustment rather than outright selling [9].