接盘侠越来越少 比特币坠入熊市! ETF撤资近9亿美元 创有史以来第二大流出规模

Core Insights - The recent wave of risk aversion in global financial markets has led to a significant decline in high-valued U.S. tech stocks and risk assets like Bitcoin, with nearly $900 million withdrawn from Bitcoin ETFs [1] - The absence of "blind speculators" in the Bitcoin market has contributed to the ongoing downward trend, as there are fewer short-term traders willing to buy Bitcoin, leading to a collapse in demand [1] - Bitcoin has dropped below the $100,000 mark, with a decline of over 20% from its all-time high earlier in October, entering what is referred to as a "bear market" [1] Market Dynamics - CoinGecko reported a forced liquidation of $19 billion in the cryptocurrency market on October 10, erasing over $1 trillion from the total market capitalization [2] - Bitcoin ETFs experienced a net outflow of approximately $870 million, marking the second-largest single-day redemption since their inception in January 2024 [2][5] - The tightening liquidity in the cryptocurrency market is evident, with market depth decreasing by about 30% from its peak earlier this year [5] Investor Sentiment - The recent sell-off in Bitcoin and other cryptocurrencies is synchronized with other risk assets, but the inherent volatility of cryptocurrencies results in larger declines [5] - There is growing concern among traders regarding upcoming economic data releases, which could further exacerbate the sell-off in risk assets, including cryptocurrencies [5] - The demand for neutral hedging options strategies, such as strangles and straddles, is increasing among cryptocurrency traders, indicating a shift towards managing volatility [8]