Market Overview - The cryptocurrency market experienced a significant downturn on December 1, with Bitcoin's price dropping below the critical level of $87,000, marking a decline of 8% to $83,786, the lowest since April 2025 [1] - On December 2, Bitcoin remained weak at $86,378, down 5%, while Ethereum fell below $2,800, with a daily drop of 6.36%. Other cryptocurrencies like XRP, BNB, and Solana also saw declines exceeding 6% [1] - Over 270,000 traders were liquidated in the past 24 hours, with a total liquidation amount of $985 million, indicating widespread panic in the market [1] Market Trends - The sell-off in the virtual asset market has been ongoing for several weeks, with Bitcoin's price falling over 30% since reaching a historical high of $126,250 in early October, erasing all gains since 2025 [2] - The decline was exacerbated by the Federal Reserve's cooling expectations for interest rate cuts, leading investors to withdraw from high-risk assets like cryptocurrencies [2] Institutional Insights - Morgan Stanley's latest report suggests that if the Federal Reserve maintains its current stance in December, the tightening of dollar liquidity will suppress the performance of non-yielding assets, including Bitcoin [3] - CoinShares' research indicates that since September, large holders have sold over $20 billion in crypto assets, with the "four-year cycle theory" becoming a self-fulfilling prophecy for whales reducing their positions [3] Future Outlook - Hotcoin Research posits that the market structure will evolve by 2024-2025, with increased institutional participation leading to price movements driven more by fundamentals and data, reducing the impact of short-term sentiment [3] - Conversely, analyst Damian Chmiel warns 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]
加密货币“黑色风暴”：比特币闪崩，27万人爆仓，降息预期降温成“罪魁祸首”！
Sou Hu Cai Jing·2025-12-02 05:56