Core Insights - The cryptocurrency market is facing renewed selling pressure in October, with institutional demand for Bitcoin declining for the first time in seven months, indicating potential retreat from large buyers [4][5][6] - Bitcoin's price has dropped below $107,000, with broader altcoin markets showing even weaker performance, as some tokens have returned to their lows from the October crash [3][5] Market Sentiment and Institutional Demand - Market sentiment remains cautious, with Bitcoin experiencing a 4.3% drop to around $105,300, despite a 14% increase since December of the previous year [5] - The MarketVector index, tracking the performance of the bottom 50 of the top 100 digital assets, has fallen for three consecutive trading days, with a total decline of 8.8%, and a year-to-date drop of approximately 60% [5] - The aftermath of the October liquidation event, which wiped out about $19 billion in long positions, continues to affect market dynamics, leading to a "hangover" phase as described by market participants [5] Technical Indicators and Market Activity - A critical technical indicator has raised concerns, as institutional demand for Bitcoin has fallen below the rate of new coin production for the first time in seven months, suggesting a weakening of the key driving force behind market rallies [4][5] - Some previously dormant Bitcoin wallets have been activated, contributing to selling pressure as investors take profits, indicating a complex market environment beyond just the October crash [6] - Analysts note that the current market conditions reflect a divided landscape, with Bitcoin's price declining since summer while other assets like XRP have also shown downward trends, reinforcing the notion of profit-taking among investors [6]
加密货币周一继续“血崩”,部分代币已跌回10月闪崩低点,“比特币的机构需求7个月来首次低于挖矿速度”
美股IPO·2025-11-04 02:16