比特币跌破10万美元

Core Viewpoint - Bitcoin has entered a confirmed bear market, with significant sell-offs and a decline in institutional interest, leading to a market cap loss exceeding $450 billion since early October [1][5][7] Group 1: Market Performance - Bitcoin fell below $100,000, dropping approximately 4% overnight to below $98,000, marking a decline of over 20% from its historical high of $125,000 [1] - Year-to-date, Bitcoin's increase has narrowed to less than 7%, suggesting a potential "tail-off" in what was expected to be a record year [3] - The current market sentiment is deteriorating, with predictions indicating a key support level for Bitcoin around $93,000 [5] Group 2: Institutional and Retail Dynamics - Major investment funds, ETF allocations, and corporate Bitcoin reserves are withdrawing, undermining the support that previously bolstered Bitcoin's price [1][5] - There is a significant increase in demand for protective put options below $100,000, indicating heightened concern among traders [6] - The stock of Strategy, a company synonymous with retail Bitcoin investment, has seen a dramatic decline, erasing billions in market value as investor interest wanes [5] Group 3: Historical Context and Future Outlook - Historical data shows that previous bear markets have resulted in declines of 30% to 40%, with Bitcoin already down over 20% from its 2025 peak without signs of a sustainable rebound [6][7] - 10X Research highlights that Bitcoin is currently trading below its long-term moving averages, indicating a loss of momentum [7]