比特币7个月来，首次跌破9万美元！加密货币全网超17万人爆仓，67亿元化为乌有，发生了什么？

Core Viewpoint - Bitcoin has experienced a significant decline, dropping below $90,000, erasing all gains for 2025, indicating a bearish trend in the cryptocurrency market [1][3]. Market Performance - Bitcoin is currently priced at $90,722.9, with a 24-hour decline of 4.99% and a 7-day decline of 15.42%, resulting in a market capitalization of $1.80 trillion [2][3]. - Ethereum and other cryptocurrencies like Dogecoin and Cardano have also seen declines exceeding 5% [3]. Liquidation Data - In the last 24 hours, there were 176,721 liquidations across the cryptocurrency market, totaling approximately $947 million [2][4]. - The liquidation amounts include $138 million in the last hour and $612 million in the last 12 hours, indicating high volatility [4]. Market Sentiment and Analysis - Analysts attribute the recent downturn to a new wave of risk aversion and sell-offs in tech stocks, leading to a loss of support from major investment funds and ETFs [4][5]. - The cryptocurrency market is now considered to be in a "confirmed bear market" phase, with weak ETF inflows and a decline in retail investor interest [4][5]. ETF Fund Flows - Bitcoin ETFs experienced a net outflow of $311.3 million over four days, marking the longest streak of outflows since March 14, with a total of $2.6 billion withdrawn over the past five weeks [5]. - This trend reflects a broader market volatility and a reassessment of the Federal Reserve's interest rate policies, which adds pressure to growth assets like cryptocurrencies [5][7]. Options Market Activity - There is a dominant demand for put options with strike prices of $85,000 and $80,000, indicating expectations of further declines in Bitcoin's price [7].