以太坊跌破3900美元关口，创近七周新低，延续了本周以来的加密货币大幅回调的势头，整个加密货币市场已蒸发超过1400亿美元市值。 9月25日，全球第二大加密货币以太坊一度下挫超7%，触及3823美元低点，随后小幅反弹、日内跌幅仍达6.55%。 Coinglass显示，近24小时全球共有近25万人被爆仓，爆仓总金额超11亿美元。 据BTC Markets的加密货币分析师Rachael Lucas表示，以太坊的回调源于"机构资金流入降温"以及"技术指标显示短期承压"。Lucas警告，如果 以太坊跌破3800美元，预计将引发更多清算。 尽管交易所中的以太坊供应量已降至九年低点，暗示长期持有者正在囤币，但长期持有者的抛售行为抵消了新增资金流入的积极影响，使得以 太坊陷入多空力量的拉锯战中。 长期持有者抛售抵消积极信号 尽管以太坊交易所供应量持续下降至九年低点，表明投资者正从中心化平台提取代币进行长期持有，但市场仍面临长期持有者的抛售压力。 过去一个月，投资者累计买入超过270万枚以太坊，价值超过113亿美元，显示出对以太坊长期潜力的强烈信心。 | 总爆仓 | | | | | --- | --- | --- | --- ...

Core Viewpoint - The cryptocurrency market is experiencing significant downturns, with Ethereum dropping over 7% to a seven-week low of $3,823, and Bitcoin falling below the critical support level of $110,000, indicating increased selling pressure and potential for further liquidation if Ethereum falls below $3,800 [1][2][9]. Market Performance - Ethereum's price decline has been part of a broader market correction, with the total cryptocurrency market losing over $140 billion in value [5]. - In the last 24 hours, approximately 257,766 traders were liquidated globally, resulting in total losses exceeding $1.148 billion [4][6]. Liquidation Details - The largest single liquidation occurred on Hyperliquid for ETH-USD, amounting to $29.12 million [6]. - Bitcoin and Solana also faced significant liquidation, with Bitcoin down 3.62% and Solana down 7.2%, marking six consecutive days of decline for Solana [7]. Institutional Investment Trends - There has been a notable withdrawal of institutional funds, with nearly $300 million pulled from U.S.-listed Ethereum ETFs since the beginning of the week [9]. - The decline in institutional inflows has intensified selling pressure, contributing to the overall market downturn [9]. Long-term Holder Behavior - Despite a decrease in Ethereum's exchange supply to a nine-year low, indicating that long-term holders are withdrawing tokens for holding, the selling pressure from these holders is counteracting the positive signals from new fund inflows [10][13]. - Over the past month, investors have purchased over 2.7 million Ethereum, valued at over $11.3 billion, reflecting strong confidence in Ethereum's long-term potential [11]. - However, the rising activity metrics among long-term holders suggest that these investors are selling rather than accumulating, leading to a stalemate in market dynamics [12][13].

Core Viewpoint - Ethereum has fallen below the $3900 mark, reaching a nearly seven-week low, continuing a significant market correction that has seen over $140 billion evaporated from the entire cryptocurrency market [1] Market Performance - On September 25, Ethereum dropped over 7% to a low of $3823, with a daily decline of 6.55% [1] - In the last 24 hours, approximately 250,000 traders were liquidated, with total liquidation exceeding $1.1 billion [3] - Bitcoin and Solana experienced significant declines, with Bitcoin down 3.62% and Solana down 7.2% [4] Institutional Activity - Institutional fund inflows have decreased, intensifying selling pressure, with nearly $300 million withdrawn from U.S.-listed Ethereum ETFs since Monday [5] - A sudden market drop on Monday led to the forced liquidation of $1.7 billion in long positions, impacting nearly all major cryptocurrencies [5] Long-term Holder Behavior - Despite Ethereum's exchange supply dropping to a nine-year low, indicating long-term holders are accumulating, selling pressure from these holders is counteracting positive inflows [6] - Over the past month, investors have purchased over 2.7 million Ethereum, valued at over $11.3 billion, reflecting strong confidence in Ethereum's long-term potential [6] - The active holder metric has been rising, suggesting that long-term holders are selling rather than accumulating, which may lead to further price declines if this trend continues [6]