加密货币大跌，超27万人爆仓，金额高达近10亿美元

Core Viewpoint - The cryptocurrency market is experiencing significant declines, with Bitcoin dropping below $87,000 for the first time since April 2025, reflecting a broader trend of selling pressure in risk assets due to changing expectations around Federal Reserve interest rate policies [1][2][5]. Market Performance - Bitcoin's price fell sharply, reaching a low of $83,786, marking an 8% drop in a single day [1]. - As of December 2, Bitcoin was priced at $86,378, down 5%, while Ethereum fell below $2,800, down 6.36% [5]. - Other cryptocurrencies like XRP, BNB, and Solana also saw declines exceeding 6% [5]. - Over the past 24 hours, more than 270,000 traders were liquidated, with total liquidations amounting to $985 million, predominantly from long positions [5]. Market Trends - Since reaching a historical high of $126,250 in early October, Bitcoin has retraced over 30% in value, erasing all gains made in 2025 [5]. - The market has been under continuous selling pressure for several weeks, indicating a shift in investor sentiment [5]. Federal Reserve Impact - The expectation for a December interest rate cut by the Federal Reserve has diminished, leading to increased pressure on risk assets, including cryptocurrencies [2][6]. - Disagreements within the Federal Reserve regarding inflation have contributed to uncertainty about future monetary policy [2][6]. Institutional Dynamics - There has been a notable shift in market participant structure, with an increase in institutional investment, suggesting that future price movements will be more influenced by fundamentals and data rather than short-term sentiment [3][6]. - Since September, large investors have sold over $20 billion in crypto assets, indicating a trend of de-leveraging among retail investors [6]. Price Projections - Analysts suggest that if Bitcoin remains below $100,000, it could trigger further sell-offs, with a potential target price near $74,000, indicating about 30% downside risk from current levels [3][6].