币圈再度血流成河！比特币6月以来首次跌破10万大关，以太币暴跌10%

Core Viewpoint - Bitcoin has experienced a significant decline, dropping below the $100,000 mark for the first time since June, reaching approximately $99,932, marking the second-largest single-day drop of the year [1][2]. Market Performance - Ethereum also saw a sharp decline, falling over 10% to around $3,225 [1]. - In the past 24 hours, over 342,000 traders were liquidated, with liquidation amounts exceeding $1.3 billion, predominantly affecting long positions, which accounted for 85% of the losses [3][4]. Technical Analysis - The $100,000 level is not only a psychological barrier but also a crucial technical support level. Analysts warn that if Bitcoin remains below this level, it could trigger further sell-offs, with the next target being around $74,000, indicating a potential downside of approximately 30% from current levels [5]. - The cryptocurrency fear and greed index has entered the "extreme fear" zone, reflecting widespread pessimism in the market [5][7]. Macro Factors - The market is facing multiple short-term headwinds, exacerbated by recent hawkish comments from Federal Reserve Chairman Jerome Powell, which have diminished expectations for interest rate cuts in December and strengthened the dollar, putting pressure on non-yielding assets like Bitcoin [4][9]. - Significant outflows from Bitcoin and Ethereum-related ETF products have occurred, totaling over $1.8 billion in the past four trading days, further tightening market liquidity [4][9]. Investor Sentiment - Despite the prevailing market negativity, some investors are taking a contrarian approach. Strategy Company has recently increased its Bitcoin holdings by 397 BTC, spending approximately $45.6 million, with an average purchase price of $114,771 per Bitcoin [11]. - Notable bullish sentiment persists among some Wall Street analysts, with Fundstrat's Tom Lee predicting Bitcoin could rise to between $150,000 and $200,000 by the end of 2025, despite recent market turmoil [12]. On-Chain Indicators - On-chain metrics indicate potential signs of a turnaround, with the Stablecoin Supply Ratio (SSR) dropping to the 13-14 range, historically marking liquidity turning points in the market [13][15]. - The current low SSR suggests that stablecoin liquidity may be quietly rebuilding, potentially paving the way for a rebound or the final phase of the current bull market [15].