全线暴跌！近29万人爆仓

Core Viewpoint - The cryptocurrency market has experienced a significant downturn, with over $140 billion in market value evaporating, as major cryptocurrencies like Bitcoin and Ethereum hit new lows [1][5]. Market Performance - On September 26, Bitcoin fell below $110,000, while Ethereum dropped below $3,900, marking a seven-week low. Bitcoin decreased by 2.22%, and Ethereum by 2.99% [1][2]. - The total liquidation amount in the last 24 hours exceeded $882 million, with nearly 290,000 traders liquidated. Ethereum investors have now surpassed Bitcoin investors in terms of liquidation amounts [3][4]. Company Impact - Several publicly traded companies holding cryptocurrencies saw significant stock price declines, with MicroStrategy (MSTR.O) and Marathon Digital Holdings (MARA.O) dropping approximately 7% and 9%, respectively [4]. - Despite a brief recovery in stock prices after the market opened, both companies' stocks turned negative again, with declines remaining under 1% [4]. Investor Behavior - Since the beginning of the week, investors have withdrawn nearly $300 million from U.S.-listed Ethereum ETFs. A sudden market drop led to the forced liquidation of $1.7 billion in long positions [5]. - Analysts suggest that the current market downturn is driven by macroeconomic factors, negative news, and technical indicators, with a continued adjustment period expected [5][6]. Ethereum Focus - Ethereum's price has seen a notable increase from $1,613 to $4,886 since April, but it has experienced a 15% decline in September. Analysts warn that if Ethereum falls below $3,800, it could trigger further liquidations [6]. - The supply of Ethereum on exchanges has dropped to a nine-year low, indicating that long-term holders are accumulating, but selling pressure from holders is counteracting new inflows [6]. Market Sentiment - The overall sentiment in the cryptocurrency market is bearish, with a trend of de-risking observed. Assets lacking solid fundamentals are the most affected during market fluctuations [6][7]. - Upcoming expirations of over $17 billion in Bitcoin and approximately $5.3 billion in Ethereum open contracts may further influence market dynamics [7].