Core Viewpoint - The cryptocurrency market is experiencing a downturn, with Bitcoin dropping below $88,000 and a general decline across various cryptocurrencies [1][3][4]. Market Performance - Bitcoin's price fell to $88,427, reflecting a 1.94% decrease over 24 hours, while Ethereum is priced at $3,073, down 1.09% [4][3]. - Other cryptocurrencies such as SOL and Dogecoin also saw significant declines, with SOL down 2.36% and Dogecoin down 2.71% [3][4]. Market Liquidation - Over the past 24 hours, more than 115,000 traders were liquidated, with a total liquidation amount of $272 million, primarily from long positions [5][6]. - The breakdown of liquidations shows that long positions accounted for $240 million, while short positions were liquidated for $3.648 million [5][6]. Market Sentiment and Predictions - Jeff Park from Bitwise Alpha noted that Bitcoin's recent price stagnation is due to OG holders selling options, which suppresses price and implied volatility [7]. - Standard Chartered has revised its Bitcoin price forecast, now expecting it to reach $150,000 by the end of 2026, down from a previous estimate of $300,000 [7]. - The firm also pushed back the timeline for Bitcoin to reach $500,000 from 2028 to 2030 [7]. ETF and Market Dynamics - Bitcoin ETFs are facing selling pressure, with BlackRock's IBIT experiencing a net outflow of approximately $2.3 billion last month, marking the largest monthly outflow this year [7]. - The market is characterized by "high supply, low volatility," and unless selling pressure from native options decreases or demand for bullish ETF options increases significantly, Bitcoin is likely to remain a trading asset [7]. Federal Reserve Influence - The probability of a Federal Reserve rate cut in January has decreased to 24.4%, with a 75.6% chance of maintaining current rates [8]. - The potential appointment of new Federal Reserve leadership may also influence market dynamics, as indicated by comments from the White House National Economic Council Director [8].
突然暴跌,超11万人爆仓
Sou Hu Cai Jing·2025-12-15 10:27