Core Viewpoint - The cryptocurrency market experienced a significant downturn, with Bitcoin falling below the $100,000 mark again, leading to over 260,000 liquidations across the market [1][3]. Market Performance - As of November 7, Bitcoin was priced at $100,031.4, reflecting a 24-hour decline of 2.71% [1]. - On November 4, Bitcoin had dropped to a low of $98,888.8, while Ethereum fell below $3,300, currently priced at $3,239.6, with a 24-hour drop of 4.73% [3]. - Other cryptocurrencies such as SOL and XRP also saw declines, with SOL priced at $153 (down 3.57%) and XRP at $2.182 (down 4.85%) [3]. Liquidation Data - Over the past 24 hours, more than 230,000 traders were liquidated, with a total liquidation amount of $675 million, including $460 million from long positions and $210 million from short positions [4]. - The liquidation breakdown over different time frames shows significant amounts, with $67 million liquidated in the last hour and $230 million in the last 12 hours [5]. Market Sentiment and Analysis - World Economic Forum Chairman Börge Brende warned of potential bubbles in cryptocurrencies, AI, and debt markets, indicating a rising risk-off sentiment in global financial markets [6]. - Analysts suggest that if Bitcoin falls below the 50-week moving average, it could signal the onset of a bear market, a pattern observed in previous years [6]. - Peter Schiff commented that the opportunity to sell Bitcoin above $100,000 may not last long, suggesting that Bitcoin is overpriced compared to undervalued physical assets [6]. - Analysts believe that a return to risk appetite in the market requires multiple favorable signals, including stabilization or a decline in U.S. Treasury yields [6].
刚刚,全线大跌!超23万人爆仓
Zhong Guo Ji Jin Bao·2025-11-07 13:48