大跳水！刚刚，40.3万人爆仓！币圈突发！

Core Viewpoint - The cryptocurrency market is experiencing a significant downturn, with Bitcoin and Ethereum seeing substantial price drops, reflecting a broader risk-off sentiment among investors [1][2][6]. Market Performance - Bitcoin fell to a low of $81,629, with a 24-hour decline of 10.44%, while Ethereum dropped to $2,681.49, down 10.92% [2][3]. - The total cryptocurrency market capitalization fell below $3 trillion, with a 24-hour decline exceeding 8% [1]. Liquidation Events - Over the past 24 hours, more than $1.965 billion in cryptocurrency positions were liquidated, affecting approximately 403,398 traders [3][4]. - The largest single liquidation occurred in Hyperliquid-BTC-USD, valued at $36.78 million [4]. Market Sentiment - Analysts indicate that the current market sentiment is extremely fearful, with the cryptocurrency market acting as a barometer for risk appetite [1][7]. - The recent downturn is attributed to a combination of heightened risk aversion and a sell-off in technology stocks, which has negatively impacted investor sentiment [5][6]. Historical Context - Bitcoin has seen a cumulative decline of about 23% in November, marking its largest monthly drop since June 2022 [6]. - The recent sell-off began on October 10, leading to a significant liquidation of leveraged positions worth $19 billion, resulting in a total market value loss of approximately $1.5 trillion [6][8]. Future Outlook - Market analysts express caution regarding potential further declines, with concerns that if Bitcoin continues to drop, it may trigger additional margin calls for leveraged positions [7][8]. - The current environment is described as the most pessimistic since the start of the bull market in January 2023, with indications that demand may have significantly waned [8].