全线大跌！23万人爆仓！59亿“灰飞烟灭”......

Core Viewpoint - The cryptocurrency market is experiencing a significant downturn, with a collective sell-off leading to over 230,000 liquidations and a total liquidation amount of $830 million (approximately 5.9 billion yuan) [2][7]. Market Performance - On November 21, the cryptocurrency market saw Bitcoin drop over 5%, falling below $87,000 for the first time since April [3]. - Ethereum briefly fell below $2,800 during the same period [5]. - Key cryptocurrencies and their performance include: - Bitcoin: $87,161.3, down 4.62% in 24 hours, down 11.92% in 7 days, market cap of $1.74 trillion [6]. - Ethereum: $2,852.22, down 5.46% in 24 hours, down 10.90% in 7 days, market cap of $344.81 billion [6]. - Other cryptocurrencies like BNB, Dogecoin, and Cardano also experienced declines [8]. Liquidation Data - Coin Glass reported that in the past 24 hours, nearly 230,000 individuals were liquidated, with $700 million from long positions and $130 million from short positions [7]. - Detailed liquidation amounts include: - 1-hour liquidation: $22.655 million [9]. - 4-hour liquidation: $51.866 million [9]. - 12-hour liquidation: $740 million [9]. - 24-hour liquidation: $830 million [9]. Market Sentiment and Influences - Market sentiment is cautious due to the cooling expectations of interest rate cuts by the Federal Reserve and a lack of macroeconomic data [10]. - The U.S. stock market experienced significant volatility, with major indices opening high but closing sharply lower, impacting investor sentiment [11]. - Analysts suggest that the cryptocurrency market is facing pressure from both new risk aversion and a sell-off in tech stocks [12]. Investment Outlook - There are differing opinions on Bitcoin's future trajectory: - Morgan Stanley's strategist suggests that the market has entered a "fall" phase in Bitcoin's four-year cycle, advising investors to take profits in preparation for a potential "crypto winter" [12]. - Standard Chartered's digital asset research head believes the recent sell-off may have ended, indicating that Bitcoin prices could have reached a bottom [12][13]. - Kendrick emphasizes that the current market indicators suggest a potential rebound by the end of the year, asserting that this may be the last time Bitcoin dips below $100,000 [13].