币圈“极度恐慌”，市场为比特币跌向“80000美元”做准备

Core Viewpoint - Bitcoin is experiencing a significant decline, with traders preparing for further downturns as the cryptocurrency market faces extreme fear and pressure from macroeconomic factors [1][6][14]. Group 1: Market Performance - Bitcoin dropped below $90,000, marking a seven-month low, with the total cryptocurrency market capitalization falling by over $1.2 trillion in the past six weeks [2]. - Ethereum has also seen a decline, falling to $2,975, with a 24% drop since early October [12]. Group 2: Trader Sentiment - There is a notable increase in protective demand for put options at key levels of $90,000, $85,000, and $80,000, with the size of bearish bets exceeding $740 million for contracts expiring in late November [4]. - The sentiment index from CoinMarketCap indicates that cryptocurrency participants are in a state of "extreme fear," with many investors unable to buy more due to significant losses [6]. Group 3: Impact on Crypto Companies - Digital asset "treasury companies" are under pressure, having accumulated large amounts of cryptocurrency earlier this year in an attempt to become concept stocks in the crypto market [8][9]. - Despite some companies like Michael Saylor's Strategy purchasing $835 million worth of Bitcoin, many peers are facing increasing pressure to sell assets to protect their balance sheets [10]. Group 4: Macroeconomic Factors - Broader economic forces, including Federal Reserve policy expectations and discussions around the AI bubble, are contributing to negative market sentiment for cryptocurrencies and risk assets [14][15]. - The cryptocurrency market has been volatile since a significant liquidation wave in early October, which wiped out approximately $19 billion in crypto assets [16].