Core Viewpoint - The cryptocurrency market experienced a significant downturn, with Bitcoin falling below the $100,000 mark again, indicating potential bearish trends in the market [1][3]. Market Performance - On November 4, Bitcoin dropped to a low of $98,888.8 per coin, while Ethereum fell below $3,300, currently priced at $3,239.6, reflecting a 4.73% decline over 24 hours [3]. - SOL's price decreased to $153, down 3.57%, and other cryptocurrencies like XRP, HYPE, and BNB also saw declines [5]. - The current prices and 24-hour changes for major cryptocurrencies are as follows: - BTC: $100,278, -2.61% - ETH: $3,259, -3.99% - SOL: $153, -3.57% - XRP: $2.182, -4.85% - HYPE: $38.96, -2.64% - BNB: $944.6, +1.4% [6]. 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 [6]. - The liquidation breakdown over different time frames is as follows: - 1 hour: $76.89 million total, with $71.25 million long and $5.64 million short - 4 hours: $120 million total, with $100 million long and $19.22 million short - 12 hours: $230 million total, with $130 million long and $93.10 million short - 24 hours: $670 million total, with $460 million long and $210 million short [7]. Market Sentiment and Analysis - On November 6, the World Economic Forum Chairman warned of potential bubbles in the cryptocurrency market, AI, and debt, suggesting a bearish outlook for cryptocurrencies [8]. - Analysts indicated that if Bitcoin falls below the 50-week moving average, it would confirm a bear market, a pattern observed in previous years [8]. - Peter Schiff commented that the opportunity to sell Bitcoin above $100,000 may not last long, suggesting that Bitcoin is overpriced rather than being sold at a discount [8]. - Analysts believe that for the market to regain risk appetite, multiple favorable signals are needed, including stabilization or a decline in U.S. Treasury yields [8].
深夜，全线大跌！超23万人爆仓
Sou Hu Cai Jing·2025-11-08 08:37