苍原资本：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 experienced a sharp decline, dropping to $93,778.6, erasing a 30% year-to-date gain, with a current price of $94,886.2, down 0.2% [2] - The primary driver of this decline is a change in liquidity expectations due to higher-than-expected U.S. inflation data, leading to decreased confidence in a December interest rate cut by the Federal Reserve [2] - The probability of a 25 basis point rate cut in December has fallen below 50% to 44.4%, while the probability of maintaining the current rate has risen to 55.6% [2] Group 2 - Morgan Stanley's latest report indicates that if the Federal Reserve maintains its current stance in December, tightening dollar liquidity will directly limit the performance of non-yielding assets, including Bitcoin [3] - Analyst Damian Chmiel warns that if Bitcoin remains below $100,000, it could trigger a more severe sell-off, with a potential target near $74,000, representing about a 30% downside from current levels [3] - 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 [3]