全线跳水！加密货币，暴跌！发生了什么？

Market Overview - Global markets experienced significant declines, with European stock markets dropping across the board, including a more than 2% drop in the German DAX index and over 1.5% in the UK FTSE 100 index [1][4] - U.S. stock index futures also saw sharp declines, with the Nasdaq 100 futures dropping over 1.5% at one point, while the S&P 500 and Dow futures fell over 1% [1][4] Cryptocurrency Market - The cryptocurrency market faced a major sell-off, with Bitcoin dropping over 5%, Ethereum falling over 6%, and BNB plummeting over 12% [2][5] - Over 30,000 traders experienced liquidation in the crypto market, with total liquidation amounts nearing $1.2 billion, predominantly from long positions [5] Safe-Haven Assets - Investors shifted towards safe-haven assets, leading to a rise in gold and U.S. Treasury bonds, as concerns over regional bank failures and ongoing trade tensions heightened risk aversion [2][5] - The yield on the 10-year U.S. Treasury bond fell below 4%, reaching a low of 3.936%, the lowest level since April 7 [2][5] Economic Concerns - The International Monetary Fund (IMF) highlighted rising risks in the global financial system, including trade policy uncertainty and overvaluation of risk assets, which could lead to disorderly market adjustments [7][8] - The IMF's report indicated that asset prices are significantly above fundamental values, particularly in the stock market and corporate credit, raising concerns about potential sharp corrections [8] Market Sentiment - The market sentiment is increasingly cautious, with a focus on negative news and a growing expectation for the Federal Reserve to ease policies due to rising credit-related uncertainties [7] - Analysts noted that the concentration of market performance in a few stocks, particularly in the AI sector, poses additional risks as valuations approach historically high levels [8]