刚刚，全线“崩了”！超40万人爆仓

Core Viewpoint - The cryptocurrency market has experienced a significant downturn, with Bitcoin dropping to a new low since April 7, 2023, at $81,111, reflecting a decline of over 10% in the past 24 hours [2][4]. Market Performance - Ethereum has fallen to $2,700.42, with a 24-hour decline of 10.22% [4]. - Other cryptocurrencies such as Ripple, Solana, and Dogecoin have also seen declines exceeding 10% [4]. - Over the past 24 hours, more than 400,000 traders have been liquidated, with a total liquidation amount of $1.968 billion (approximately 14 billion RMB), primarily from long positions [5][6]. Global Market Impact - On November 21, global markets collectively declined, influenced by a significant drop in the U.S. stock market. The South Korean Composite Index fell by 3.79%, and the Nikkei 225 Index dropped by 2.4% [8]. - European stock indices opened with declines exceeding 1%, with the European Technology Index down 3.1%, marking its lowest level since mid-September [8]. Economic Factors - Uncertainty regarding the Federal Reserve's interest rate decisions has heightened concerns about a potential collapse in Bitcoin prices. Strong employment data has complicated the Fed's decision-making process regarding interest rate cuts [10]. - Analysts from Morgan Stanley suggest that the strong job market reduces the risk of rising unemployment, leading to a revised outlook on interest rate cuts, with expectations for three cuts in January, April, and June of the following year [10]. Investor Behavior - The recent downturn in the cryptocurrency market is attributed to retail investors selling off their holdings in spot Bitcoin and Ethereum ETFs, rather than native cryptocurrency traders [11]. - Approximately $4 billion has flowed out of spot Bitcoin and Ethereum ETFs this month, surpassing the previous record set in February [11]. Warnings from Industry Leaders - Ethereum co-founder has issued a stern warning that a sudden drop in Bitcoin prices could have catastrophic consequences for the market [12].