深夜，全线下跌！刚刚，16.39万人爆仓！

Core Viewpoint - The cryptocurrency market experienced a significant downturn at the beginning of 2026, with Bitcoin and other major cryptocurrencies seeing substantial declines, leading to over 16,000 liquidations and a total loss exceeding $2 billion in the past 24 hours [1][2][3]. Market Performance - As of January 1, 2026, Bitcoin dropped from approximately $89,000 to around $87,800, marking a decline of over 1% within 24 hours. Other cryptocurrencies like Cardano and Dogecoin also faced declines of over 3% and 2%, respectively [3]. - Bitcoin's price has fallen more than 30% since reaching a historical high of $126,000 in October 2025, with a monthly decline of over 22% in December 2025, the worst performance since December 2018 [4][6]. Liquidation Data - Coinglass reported that the total liquidation in the cryptocurrency market reached $2.28 billion in the last 24 hours, with long positions accounting for $1.57 billion and short positions for $0.71 billion. The largest single liquidation occurred on Hyperliquid-BTC-USD, valued at $5.8577 million [3][4]. Analyst Predictions - Analysts from Cantor predict that Bitcoin's price may continue to decline over the next year, despite a long-term optimistic outlook on institutional adoption and regulatory clarity. They suggest that the fear of a crypto winter could trigger further price drops [6]. - Some analysts believe that Bitcoin's price may stabilize between $80,000 and $100,000 in the first quarter of 2026, rather than experiencing a strong upward trend [7]. Market Sentiment - The cryptocurrency market has shown significant weakness compared to stocks and precious metals since the October 2025 crash, indicating that previous market catalysts have not met expectations, and new catalysts for 2026 have yet to emerge [8]. - The ongoing fear of a crypto winter is causing market participants to be cautious, with many analysts suggesting that the current market conditions may lead to further declines in Bitcoin's price [6][9].