加密货币“跌回解放前”：AI股泡沫担忧成导火索，ETF资金逆势回流现曙光

Core Insights - The cryptocurrency market has erased nearly all of its market value gains for the year within just over a month, with a total market cap peaking at nearly $4.4 trillion on October 6, followed by a 20% decline, leaving an annual increase of only 2.5% [1] - The market downturn was triggered by the liquidation of approximately $19 billion in leveraged positions shortly after reaching historical highs, which shattered market confidence [1] - Despite increased acceptance of digital assets by regulators, global banks, and institutional investors, the current performance of the market is unexpected [1] Group 1 - Bitcoin has experienced an 8% decline this week, marking its worst weekly performance since March, and has fallen below the critical 200-day moving average, trading at approximately $100,500 [1] - Altcoins, which are smaller and more volatile tokens, have seen the most significant declines this year, lagging behind in performance [1] Group 2 - The cryptocurrency market, excluding Bitcoin and Ethereum, has been largely weak in recent months, with minimal new capital inflow into altcoins or decentralized finance (DeFi) projects [2] - Concerns over the overvaluation of AI stocks have contributed to the recent downturn in digital assets, with warnings that if tech stocks face a sell-off, Bitcoin could drop below the $100,000 mark, and altcoins may experience even larger declines [2] - Despite the overall market gloom, there are signs of stabilization, as U.S. spot Bitcoin and Ethereum ETFs saw an inflow of $253 million after six consecutive days of net outflows [2]