刚刚，跳水！超20万人爆仓

Core Viewpoint - The cryptocurrency market has experienced a significant downturn, with major cryptocurrencies like Bitcoin and Ethereum seeing substantial price drops, leading to widespread liquidations among traders [2][3][4]. Market Performance - Bitcoin fell below $111,173.90, with a decline of 4.6% [2] - Ethereum dropped to $3,956.26, experiencing a decrease of over 8% [3] - Other cryptocurrencies such as Dogecoin, Binance Coin, and Cardano also faced significant declines, with Binance Coin down by 9.79% [4][5]. Liquidation Data - In the last 24 hours, over 206,600 traders were liquidated, with a total liquidation amount of $656 million, including $475 million from long positions and $182 million from short positions [6][7]. Historical Context - The recent market crash follows a record liquidation event on October 10, where over $19.1 billion was liquidated, attributed to increased tariffs from the U.S. [9][10]. - The current downturn is compounded by structural issues in the market, including excessive leverage and concentrated long positions [10]. Regulatory Environment - Delays in the passage of cryptocurrency market structure legislation in the U.S. may further complicate the market landscape, especially with ongoing concerns regarding the association of political figures with digital assets [11].