加密货币市场上演大跳水！超21万人爆仓 比特币盘中跌破8.6万美元

Market Overview - On December 1, the cryptocurrency market experienced a significant drop, with Bitcoin falling below $86,000 and Ethereum dropping below $2,900. As of the report, Bitcoin was down 4.99% at $85,800 and Ethereum down 5.41% at $2,829, while XRP and Dogecoin fell over 7% [1] - The total market capitalization of the cryptocurrency market was approximately $3.1 trillion over the weekend, with an average weekly trading volume of $127 billion. Bitcoin's weekly trading volume was $59.9 billion, which is 31% lower than the average [4] Liquidation Data - According to Coinglass, the number of liquidations in the last 24 hours reached 218,867, with a total liquidation amount of $640.28 million. The largest single liquidation occurred on Binance for ETHUSDC, valued at $14.48 million [3][4] Market Sentiment and Future Outlook - Hotcoin Research suggests that the market participant structure will change significantly by 2024-2025, with an increase in institutional funding. This shift is expected to make price fluctuations more driven by fundamentals and data, reducing the impact of short-term sentiment [5] - Bloomberg reports that the cryptocurrency market remains unstable, with a prolonged sell-off beginning in early October when leveraged positions worth approximately $19 billion were liquidated. Despite a recent recovery above $90,000, traders are preparing for potential larger declines following the latest sell-off [5] - FalconX's Sean McNulty noted that the market is currently characterized by heightened risk aversion, with low inflows into Bitcoin exchange-traded funds and a lack of buyers at lower prices. The focus is on the $80,000 support level for Bitcoin [5] Economic Indicators - CME Federal Funds futures indicate that the market is betting on an 80% probability of a 25 basis point rate cut by the Federal Reserve in December. The Fed is currently in a quiet period ahead of its meeting on December 9-10, with attention turning to the upcoming U.S. Personal Consumption Expenditures (PCE) price index report [6]