一天内近40万人爆仓，比特币崩了！近一个半月已跌超1/3，专家：还要继续跌

Core Viewpoint - The cryptocurrency market is experiencing significant declines, with Bitcoin dropping from over $125,000 to around $82,000, marking a 35% decrease in just a month and a half [1]. Price Movements - Bitcoin fell below the $82,000 mark, reaching a low of $81,111, the lowest since April 7, with a 24-hour drop of up to $11,000 before recovering slightly to $83,973, down over 9% [1]. - Other cryptocurrencies also faced declines: Ethereum down 10.8%, SOL down 11.7%, XRP down 10.5%, Dogecoin down 11.6%, and ADA down 13.3% [2][3]. Market Liquidations - In the past 24 hours, the cryptocurrency market saw liquidations totaling $1.914 billion, affecting 392,000 traders, with long positions accounting for $1.78 billion and short positions for $130 million [4][5]. Economic Context - Bitcoin has erased all its gains for the year, with a cumulative decline of over 10%, indicating a potential annual drop for the first time since 2022 [6]. - Analysts attribute the downturn to reduced expectations for Federal Reserve interest rate cuts and concerns over an AI bubble, which pose significant challenges for cryptocurrencies and risk assets [6]. - Recent U.S. labor statistics showed unexpected job growth, leading to diminished expectations for a December rate cut by the Federal Reserve, with a 42% probability of a 25 basis point cut [6]. Market Sentiment - The current financial conditions are described as "quite loose," with warnings that further reductions in credit costs could encourage high-risk lending [7][8]. - Analysts express concerns that Bitcoin's price is vulnerable, with predictions of a potential drop to $75,000 by year-end, and a 50% chance of falling below $90,000 [9][10]. - The speculative nature of Bitcoin's high valuation is highlighted, suggesting a conflict between its role as a volatile asset and the need for stability to be widely adopted as a currency [10].