刚刚，全线大跳水！超18万人爆仓！发生了什么?

Core Viewpoint - The cryptocurrency market is experiencing a significant downturn, with Bitcoin and Ethereum both dropping over 6%, leading to a total market capitalization loss exceeding $1 trillion since October 7. Analysts suggest that the bearish trend may continue as traders are increasingly pessimistic in the options market [1][10][12]. Cryptocurrency Market Performance - Bitcoin fell to approximately $89,501.3, erasing all gains made in 2023, while Ethereum dropped to $2,986.19. Other cryptocurrencies like XRP, Solana, and Cardano also saw declines, with XRP down nearly 6% and Solana over 4% [4][5]. - In the last 24 hours, the total liquidation amount in the cryptocurrency market reached $10.15 billion, affecting 183,500 traders, with long positions accounting for $7.24 billion of the liquidations [6][8]. Market Sentiment and External Factors - The market sentiment has turned negative as expectations for a Federal Reserve interest rate cut have diminished, leading to a broader sell-off in risk assets. The probability of a 25 basis point rate cut in December is now at 42.9%, with a 57.1% chance of maintaining current rates [8][12]. - Analysts indicate that the recent sell-off is a result of profit-taking by long-term holders, outflows of institutional funds, macroeconomic uncertainties, and the liquidation of leveraged long positions [10][13]. Investor Behavior and Market Dynamics - There is a growing concern that the cryptocurrency sell-off could force retail investors to liquidate other assets to meet margin calls, potentially creating a feedback loop of selling across different markets [1][10][13]. - The options market shows a significant increase in protective bets against further declines, with traders focusing on downside levels of $90,000, $85,000, and $80,000, indicating a bearish outlook [12][13].