Core Viewpoint - The cryptocurrency market experienced a significant crash on October 11, with Bitcoin dropping over 13% within 24 hours, reaching a low of approximately $105,900, despite Deutsche Bank's optimistic report predicting Bitcoin could become a key reserve asset by 2030 alongside gold [1][12]. Market Reaction - Bitcoin's price fell sharply from a high of $126,250 earlier in the week, marking a 20% retracement and the largest sell-off since April [1][3]. - Ethereum and other major cryptocurrencies faced even steeper declines, with Ethereum dropping over 20% to around $3,380, and smaller altcoins experiencing drastic price drops, some nearing zero [3][4]. - The crash led to over 1.66 million investors being liquidated, with a total liquidation amount reaching approximately $19.36 billion, marking the largest single-day deleveraging in cryptocurrency history [4]. Causes of the Crash - Analysts had warned of increasing leverage and crowded bullish positions, indicating growing short-term vulnerability in the market [4]. - Speculative capital, driven by high leverage through contract trading and liquidity mining, flooded into the market, making it susceptible to rapid sell-offs when negative news emerged [3][4]. - The crash was exacerbated by algorithmic trading and trading bots, which intensified the market chaos [4]. Impact on Stablecoins - The crash also affected decentralized finance (DeFi), particularly the synthetic stablecoin USDe, which saw its price drop to as low as $0.62, a 38% de-pegging from the dollar [5]. - The de-pegging was attributed to panic selling, insufficient liquidity, and the collapse of leveraged positions that relied on USDe for borrowing [5][6]. Historical Context - The recent crash has drawn comparisons to previous significant downturns in the cryptocurrency market, highlighting a consistent pattern of high leverage leading to rapid liquidations and market panic [7][10]. - Historical events such as the "312" crash in March 2020 and the "222" crash in February 2021 illustrate similar market reactions to external shocks, emphasizing the fragility of the cryptocurrency market [9][10]. Future Outlook - Despite the recent downturn, there are indications of a potential recovery, with Bitcoin's price rebounding to around $112,000, and increased bullish bets in the options market [11]. - However, the recent events have raised questions about Bitcoin's status as a safe-haven asset, as its price movements have shown a strong correlation with risk assets like U.S. tech stocks [11][15]. - Experts suggest that Bitcoin's volatility and structural weaknesses hinder its potential to become a reserve asset, with concerns about liquidity and security risks remaining prevalent [12][14].

主要币种全线重挫，小币种跌幅超50% 11日凌晨，加密市场抛售潮突然席卷，头部币种集体大幅跳水。 作为市值龙头的比特币，从12.2万美元高位快速下探至10.15万美元低点。截至发稿，最新报价110545美元/枚，24小时跌幅超 17%，成交额超500亿美元； 10月11日，加密货币市场突发"黑天鹅"。 10月11日，加密货币市场突发"黑天鹅"，单日全网合约爆仓金额突破190亿美元，涉及爆仓人数高达164万，创下币圈历史最高 单日清算纪录，成为行业"最黑暗的一天"。 以太坊价格一度跌至3400美元，24小时跌幅超20%，现报3748美元/枚，成交额同样突破500亿美元。 狗狗币、SUI等小市值币种跌幅更为惨烈，持仓量腰斩。 OKX研究院高级研究员赵伟告诉记者，此次比特币价格下跌是多重市场因素综合作用的结果。 赵伟表示，首先前期市场杠杆水平较高，合约持仓量和资金费率持续在高位运行，使整体结构相对脆弱。当价格出现波动时， 集中平仓机制被触发，放大了短期的下行幅度。 其次，宏观环境的不确定性对市场情绪带来一定扰动。11日，美国总统特朗普宣布11月1日起对中国加征100%关税，并同步实 施"所有关键软件"出口管制，这推 ...

Core Viewpoint - The cryptocurrency market experienced a significant crash on October 10, with Bitcoin dropping from $126,000 to a low of $105,900, marking its largest decline since April of this year, while Ethereum fell by 17% and Dogecoin halved in value, leading to a total market cap loss of $250 billion in a single night [2][3] Market Dynamics - The crash was influenced by multiple factors, including rising global trade tensions due to Trump's announcement of potential tariffs ranging from 10% to 41%, which caused investors to sell off risk assets, resulting in a 3.56% drop in the Nasdaq [2] - High market leverage contributed to the crash, with Bitcoin futures reaching a peak of $30 billion in open contracts, triggering automated stop-loss orders as prices fell below critical levels, creating a vicious cycle of selling [2] Investor Impact - Over 1.64 million investors faced liquidation within 24 hours, resulting in a loss of $19.2 billion, with Binance reporting a single liquidation of $13.79 million [2] - The market also faced pressure from large holders ("whales") selling off assets, with 12,000 Bitcoins (approximately $1.4 billion) moved to exchanges for sale, alongside regulatory pressures from the U.S. Department of Justice and new EU regulations [3] Investor Sentiment - The crash prompted reflections among investors, with many expressing regret over leveraging their positions in hopes of quick profits, highlighting the need for rational investment strategies and caution in the volatile cryptocurrency market [3]

Core Insights - The cryptocurrency market experienced significant liquidation events, with over $19.141 billion in total liquidations within the past 24 hours, affecting approximately 1.62 million traders [1] Group 1: Liquidation Details - Long positions accounted for $16.686 billion of the liquidations, while short positions contributed $2.455 billion [1] - The largest single liquidation occurred on the Hyperliquid platform for the ETH-USDT pair, amounting to $203 million [1]

每经AI快讯，10月11日，比特币向上触及113000美元/枚，日内涨0.20%。 ...

周五，受特朗普关税威胁影响，加密货币市场大幅下跌，美股盘后一度加速跳水、跌幅加剧。加密货币的最新抛售潮是自至少今年4月初以来规模最大的一 次。 周五，比特币日内跌幅达13.5%，失守11万美元关口，最低报105930美元，随后跌幅大幅收窄；比特币本周一曾创下逾12.625万美元的历史新高。以太币一 度暴跌逾17%，瑞波币和狗狗币则更是暴跌逾30%。加密货币的抛售潮是自至少今年4月初以来规模最大的一次。 全球最大加密货币比特币日内跌幅达13.5%，失守11万美元关口，最低报105930美元。比特币随后收窄跌幅，美东时间周五晚些时候，比特币交投于约11.3 万美元一线。 币种方面，比特币爆仓53.17亿美元，以太坊爆仓43.78亿美元，SOL爆仓19.95亿美元，HYPE爆仓8.88亿美元，XRP爆仓6.99亿美元。 周五纽约尾盘，CME比特币期货BTC主力合约较周四纽约尾盘跌5.94%，至11.6万美元下方，北京时间周五22:57开始持续震荡下行，本周累计下跌7.37%， 周一至周四大致持稳于12.3万美元附近，周五打破沉闷的交易状态并显著走低。 CME以太币期货DCR主力合约周五重挫11.29%，报3879美 ...

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com （责任编辑：贺翀 ） 加密货币"一哥"比特币一度暴跌近14%，至107543美元，失守11万美元关。以太币(Ethereum)急跌 超16%，报3651.52美元。据coinglass数据显示，截至美国东部时间周五下午5时，超过20亿美元的加密 货币衍生商品交易已被沽售，coinglass.com的结算页面也因流量过大而瘫痪。周五下午，加密货币市场 蒸发超过2500亿美元。 ...

Core Insights - The cryptocurrency market experienced a significant downturn due to threats of tariffs from Trump, marking the largest sell-off since at least early April of this year [1] - Bitcoin reached a historic high of over $126,250 earlier in the week, driven by investor interest amid government shutdown concerns [1] - Smaller and less liquid tokens were hit harder, with Ethereum dropping over 17% and Ripple and Dogecoin plummeting over 30% [1] Market Performance - Bitcoin's price was reported at $113,312.61, reflecting a 6.81% decline over 24 hours and a 7.50% drop over the week [2] - Ethereum's price fell to $3,903.84, showing a 10.59% decrease in 24 hours and a 13.90% decline over the week [2] - The total liquidation in the crypto market reached approximately $10 billion in the past 24 hours, marking the largest forced liquidation wave since early April [2] Futures Market - CME Bitcoin futures saw a drop of 5.94% to below $116,000, with a weekly decline of 7.37% [3] - CME Ethereum futures fell by 11.29% to $3,879, with a cumulative drop of 14.80% for the week [3] - Increased demand for downside protection in the derivatives market indicates heightened market uncertainty [3]

Core Insights - The total liquidation across the cryptocurrency market reached a record high of $19.141 billion in the past 24 hours, affecting 1,621,284 individuals [1] Group 1: Liquidation Details - Long positions accounted for $16.686 billion of the total liquidations, while short positions contributed $2.455 billion [1] - The largest single liquidation occurred on the Hyperliquid platform for the ETH-USDT trading pair, valued at $203 million [1] Group 2: Cryptocurrency Specifics - Bitcoin saw liquidations totaling $5.317 billion [1] - Ethereum experienced $4.378 billion in liquidations [1] - Solana (SOL) had $1.995 billion liquidated [1] - HYPE recorded $0.888 billion in liquidations [1] - XRP faced liquidations amounting to $0.699 billion [1]

Coinglass 数据显示，过去 24 小时加密货币市场共有超 153 万人被爆仓，爆仓总金额为 96.16 亿美元，其中多单爆仓 80.3 亿美元，空单爆仓 15.9 亿美元。 | 1小时爆仓 | 多单爆仓 | 空单爆仓 | | --- | --- | --- | | $6083.6万 | $2419.8万 | $3663.8万 | | 4小时爆仓 | 多单爆仓 | 空单爆仓 | | $84.3亿 | $70亿 | $14.3亿 | | 12小时爆仓 | 多单爆仓 | 空单爆仓 | | $95.2亿 | $79.8亿 | $15.4亿 | | 24小时爆仓 | 多单爆仓 | 空单爆仓 | | $96.2亿 | $80.3亿 | $15.9亿 | 【导读】加密货币集体暴跌，超 150 万人爆仓 中国基金报记者 李智 10 月 11 日凌晨，加密货币市场集体暴跌，比特币一度跌超 13% ，失守 11 万美元关口， 最新报 113700 美元 / 枚。 以太坊一度跌至 3400 美元，现报 3890.64 美元 / 枚。 此外，狗狗币、 BNB 、 SOL 等均跌超 10% 。 | 币种/持仓量 | | 价格 ...