Market Overview - The crypto market faced its largest liquidation event, resulting in leveraged bullish bets worth $16 billion being forced out across major cryptocurrencies like bitcoin, ether, and several altcoins, with some altcoins crashing between 20% to 40% [1] Recovery Process - The recovery following such a crash is expected to be gradual, testing the patience of bullish investors, as indicated by industry experts [2] - The initial phase involves the market "bleeding out," with liquidation orders flooding exchanges and pushing prices lower, leading to significant drops in altcoin values [2] - Market makers typically step back to manage risk during this phase, focusing on addressing price mismatches between spot and futures markets through arbitrage plays, which delays an immediate rebound [3] Data Stabilization - After a market crash, there is a phase where data feeds stabilize, allowing traders and market makers to rely on reliable information channels again, which may have experienced delays or outages during the crash [4] Absorption Phase - Once data feeds stabilize, market makers and large traders begin to absorb major sell orders to restore market equilibrium, capitalizing on liquidation orders that receive priority in order books [5] - Given the scale of forced liquidations, this absorption phase can take several days [5] Market Stabilization - The stabilization stage involves dealers and market makers closing out their long positions acquired at bargain prices while absorbing liquidation orders, aiming to profit from a potential market rebound [6] - As the market reaches equilibrium, dealers will start unwinding their positions, leading to a local maxima in prices for certain assets with tighter supply [6]

加密货币市场在周末遭遇短暂抛售，周日凌晨以太坊跌幅一度达到7.7%，比特币短暂跌破10.1万美元。这一轮下跌正值美国对伊朗核设施发动空 袭、地缘政治紧张局势升级之际，投资者避险情绪上升。 市场恐慌情绪导致大规模清算，24小时内约6.79亿美元的加密货币头寸被强制平仓，超过17.1万名交易者遭遇爆仓。其中最大单笔损失来自HTX 交易所的915万美元ETH多头头寸。 流动性提供商Orbit Markets联合创始人Caroline Mauron表示，市场正紧张关注持续的地缘政治发展。她指出，周末期间比特币10万美元和以太坊 2000美元将是关键观察点，而当传统市场重新开盘时，石油价格将成为特别关注的焦点。 比特币相对抗跌 相比以太坊的大幅下跌，比特币表现相对稳定。虽然一度短暂跌破10.1万美元，但在新加坡时间下午1点10分几乎持平，目前在10.2万美元上方交 易。 不过，在短暂下跌后，比特币、以太坊均探底回升，收回失地。 据央视新闻报道美国已完成对伊朗福尔多、纳坦兹和伊斯法罕三处核设施的袭击。 以太坊遇挫 一度跌至五个月低点 以太坊（ETH）在此轮抛售中表现最为疲弱，价格一度跌至2200美元水平附近，创下自去年5 ...