4月来首次：比特币跌破8.7万！22万人爆仓，58亿市值直接蒸发！是暴跌到底还是短期回调？

Core Viewpoint - Bitcoin has experienced a significant decline, dropping below $87,000 for the first time since April, with a single-day drop exceeding 4%, leading to massive liquidations in the market [1][3]. Group 1: Price Movement - Bitcoin fell from a peak of $126,000 in early October to $87,000, marking a 30% decline over one and a half months [3]. - The cryptocurrency market has seen widespread losses, with Ethereum dropping over 5% and Dogecoin losing half its value, while many altcoins have experienced declines exceeding 30% [3]. Group 2: Contributing Factors - The Federal Reserve's stance on maintaining high interest rates has shattered hopes for rate cuts, leading to increased selling pressure on high-risk assets like Bitcoin [5]. - Institutional investors and large holders (whales) have been selling off their Bitcoin holdings, with a total outflow of $2.6 billion from U.S. Bitcoin ETFs over five weeks, and whales selling over $20 billion in assets since September [5]. - High leverage in the crypto market, with a leverage ratio of 18, has exacerbated the situation, triggering a chain reaction of liquidations as prices fell below critical levels [5]. Group 3: Market Sentiment and Predictions - Market sentiment is divided, with bearish analysts predicting further declines to $85,000 or even $80,000, while bullish analysts foresee potential rebounds to $200,000 or $130,000 depending on future economic conditions [7]. - The Bitcoin MVRV ratio has dropped to a low of 1.76, historically indicating a potential rebound when below 2, with some whales starting to accumulate in the $92,000 to $95,000 range [7]. Group 4: Overall Market Impact - The overall cryptocurrency market has seen a total market cap decline equivalent to three times the size of Coinbase in just 19 days, reflecting the severity of the downturn [1].