周一，加密货币市场遭遇大规模清算，超过15亿美元的多头头寸被强制平仓，引发近一个月来最严重的闪崩。此次暴跌主要由过度杠杆和近期山 寨币过热引发，其中以太坊受创最重，近5亿美元杠杆多头头寸被抹去。技术指标显示市场已进入超卖状态，分析师认为这是对前期市场狂热情 绪的修正，也标志着短暂的"山寨币季节"告一段落。 周一，加密货币市场遭遇大规模清算，超过15亿美元的多头头寸被强制平仓，引发了近一个月来最严重的闪崩行情。 根据Coinglass的数据，在过去24小时内，超过40.7万名交易员被强制平仓，看涨押注的平仓总额一度超过15亿美元。以太坊受创最重，价格一 度暴跌9%至4075美元，近5亿美元的杠杆多头头寸被抹去。比特币也未能幸免，下跌近3%至111998美元。美股盘前基准股指下挫，科技股普 跌。 在这场抛售中，以太坊和各类山寨币的跌幅远超比特币。周一，当比特币兑美元汇率下跌约2.5%时， 以太坊的跌幅超过6%。以太坊相对于比 特币的汇率（ETH/BTC）也突然跌至0.037，创下一个月来的新低。 市场分析师认为， 此次暴跌主要由过度杠杆和山寨币涨势过热引发的连强制平仓所致。清算和追加保证金通知触发自动卖单，加速了 ...

Core Viewpoint - The cryptocurrency market experienced a significant liquidation event, with over $1.5 billion in long positions being forcibly closed, leading to the most severe flash crash in nearly a month [1][9]. Market Overview - Over 407,000 traders were liquidated in the past 24 hours, with Ethereum suffering the most, dropping 9% to $4,075, erasing nearly $500 million in leveraged long positions [1][5]. - Bitcoin also faced a decline of nearly 3%, falling to approximately $111,998 [1][2]. - The total market capitalization of digital assets fell below $4 trillion due to this chain reaction of liquidations [1]. Triggering Factors - The crash was primarily attributed to excessive leverage and overheated altcoin rallies, which triggered a series of forced liquidations [1][9]. - The liquidation amount reached $442 million in the past 24 hours, marking the highest level since August 29 [1][4]. Technical Indicators - Technical indicators showed an oversold condition, with Ethereum and various altcoins experiencing declines greater than Bitcoin [5][8]. - The relative strength index fell below 20 during the downturn, indicating the severity of the sell-off driven by forced liquidations rather than organic selling [8]. Market Sentiment - Analysts noted that the recent downturn is viewed as a correction of the previous market euphoria, particularly following the demand from companies adopting cryptocurrencies as treasury reserves [9]. - The current pullback is considered within the normal volatility range of the crypto market, with historical "altcoin seasons" typically being short-lived [9]. Market Positioning - Bitcoin's market dominance has risen to 56.2%, while Ethereum's dominance has decreased to 12.8% [8].