比特币抹去今年以来全部涨幅，一度跌破9.4万美元

Group 1 - Bitcoin price has experienced a significant drop, falling to $93,778.6, erasing its 30% year-to-date gain, with the current price at $94,886.2, down 0.2% [1] - The primary driver of this decline is the change in liquidity expectations due to higher-than-expected U.S. inflation data, leading to decreased confidence in a Federal Reserve rate cut in December, with the probability of a 25 basis point cut dropping to 44.4% [1] - Institutional outflows have intensified market pressure, with a noticeable slowdown in inflows to U.S. spot Bitcoin ETFs, indicating a weakening appetite for cryptocurrency among institutions [1] Group 2 - Morgan Stanley's latest report suggests that if the Federal Reserve maintains its current stance in December, the marginal tightening of dollar liquidity will suppress the performance of non-yielding assets, including Bitcoin [2] - Analysts warn that if Bitcoin remains below $100,000, it could trigger more aggressive sell-offs, with a potential target near $74,000, indicating about 30% downside from current levels [4] - Despite market volatility, some institutions are still entering the market, with Strategy Company recently purchasing 397 Bitcoins for approximately $45.6 million, bringing their total holdings to 641,205 Bitcoins at an average cost of $74,057 each [4]