比特币再次跌破10万美元关口。 短期压力与长期上涨潜力并存 11月17日凌晨，比特币一度跌至93778.6美元，跌破94000美元关口，抹去了今年以来超过30%的涨幅。 比特币曾摸高到约12.6万美元，随后再难上涨，持续在螺旋式回调。在行业专家看来，所谓"特朗普交 易"的作用也在发生变化，随着相关利好逐步落地，边际效应开始减弱，后续增量政策空间相对有限， 在宏观利率环境仍偏高、流动性修复节奏放缓的背景下，单靠"特朗普预期"已难以抵消资金面收缩和获 利了结带来的压力，市场重新回到对基本面和流动性条件的权衡，比特币短期内继续大幅上涨，面临较 大约束。 比特币再次大幅回调 比特币涨不动了？11月17日凌晨，比特币跌破94000美元关口，一度跌至93778.6美元。截至当日18时8 分，报95626.1美元，下跌0.8%。 中国通信工业协会区块链专委会共同主席于佳宁对记者分析指出，首先，市场曾押注美联储开启降息周 期，但美联储官员近期的表态偏向谨慎，这种从快降息到暂缓降息的预期反转带动全球风险资产同步承 压；其次，市场本身的水位和流动性都在往下掉，也让这轮下跌更猛。此外，这轮行情以来，比特币现 货ETF一直是支撑行情 ...

| 名称 ▼ | 代码 ▼ | 价格 (USD) ▼ | 成交量(24H) ▼ | 交易份额 ▼ | 涨跌(24H) ▼ | 涨跌(7 | | --- | --- | --- | --- | --- | --- | --- | | (8) 比特币 | BTC | 95,734.9 | $78.23B | 45.56% | -0.87% | -9 | | ◆ 以太坊 | ETH | 3,199.91 | $35.02B | 19.84% | -1.38% | -11 | | 母 泰达币 | USDT | 1.0012 | $131.88B | 76.65% | +0.07% | -0 | | × XRP | XRP | 2.2773 | $4.35B | 2.57% | +0.01% | -8 | | 8 BNB | BNB | 936.50 | $2.83B | 1.60% | -1.35% | -6 | | = Solana | SOL | 142.151 | $5.18B | 2.99% | -0.76% | -15 | | (s) USDC | USDC | 1.0006 | $13.89B | 7.8 ...

比特币昨日在102000至105000美元区间窄幅震荡后，晚间多头力量发力突破关键阻力，今日凌晨涨势加速，最高触及105000美元。小时图显示连续阳线强 势攀升，买盘承接力度强劲，尾盘高位企稳，未出现明显获利回吐。当前价格站稳104000美元上方，短期回调空间有限，上行通道保持完好，下一目标看 向106500至110000美元区间。从技术指标来看，MACD快慢线在零轴上方形成金叉，布林带开口向上扩张，表明短期动能强劲；同时，成交量在突破时显 著放大，进一步验证了多头趋势的有效性。 一、比特币 鲸鱼投资者在10月增持超过160万枚ETH，未实现利润/损失（NUPL）降至0.39，暗示再积累阶段临近。历史数据显示，以太坊11月平均涨幅接近7%，当前 链上信号与2024年反弹前相似，多头趋势有望延续。但需注意长期持有者抛售压力，关键阻力位于4070至4240美元区间。具体而言，链上活跃地址数近期 上升，表明用户参与度提高，而Gas费用保持稳定，反映出网络拥堵程度可控，这为价格上行提供了基本面支撑。 摩根大通入股以太坊储备龙头，能否改变以太坊下跌趋势？ 本人所有分析观点均基于特定时点的市场数据，因行情波动及文章信息传 ...

Core Viewpoint - Bitcoin is currently experiencing a high price range despite historical trends suggesting a downturn after halving events, attributed to the increasing influence of institutional investors [2][6][10]. Group 1: Bitcoin Halving and Market Trends - Bitcoin's issuance is designed to halve approximately every four years, with the latest halving occurring in April 2024, leading to a significant price increase of 70% over the following year and a half [4][6]. - Historical patterns indicate that after previous halvings, Bitcoin prices typically entered a prolonged decline within 1.5 years, but this trend has not materialized in the current cycle [6][11]. - The current market volatility for Bitcoin is notably low, with a volatility rate below 2%, contrasting sharply with previous halving periods where volatility exceeded 5% [6][10]. Group 2: Institutional Investor Influence - The rise of institutional investors is reshaping the Bitcoin market, with notable entities like Harvard University and UAE sovereign wealth funds increasing their Bitcoin holdings [7]. - The number of individual accounts holding between 0.01 BTC and 1 BTC has decreased by 2% over the past year, indicating a shift away from retail investors [7][8]. - Conversely, accounts holding between 100 BTC and 1000 BTC have increased by over 20%, reflecting a growing presence of institutional and corporate investors [8]. Group 3: Market Sentiment and Future Outlook - Daily Bitcoin issuance is approximately 450 BTC, while the daily inflow from Bitcoin ETFs is around $140 million, suggesting a strong demand from institutional investors [10]. - Options trading data indicates a bullish sentiment among investors, with a significant number of call options at strike prices of $120,000 and $140,000 [10]. - Despite the optimistic outlook, concerns remain regarding the potential impact of declining stock prices of companies heavily invested in Bitcoin, which could lead to reduced buying activity [10].

Market Overview - The cryptocurrency market capitalization has decreased by 4.9%, now standing at $3.67 trillion [1][2] - Total crypto trading volume is reported at $234 billion [1] Price Movements - Among the top 100 coins, 97 have experienced price declines over the past 24 hours [1][4] - Bitcoin (BTC) has dropped by 4.5%, currently trading at $105,732 [2][3] - Ethereum (ETH) has fallen by 6%, now priced at $3,764 [2][3] - Binance Coin (BNB) saw the highest drop at 10%, trading at $1,064 [3] - Dogecoin (DOGE) decreased by 9.3%, now at $0.179 [3] - The smallest decline was 4.3% for Tron (TRX), currently at $0.3079 [4] Significant Declines - Over 30 coins in the top 100 recorded double-digit percentage falls [4] - ChainOpera AI (COAI) experienced the largest drop of 22.8%, now at $17.71 [4] - Zcash (ZEC) decreased by 19.9%, now priced at $193 [4] Market Sentiment and Influences - The crypto market sentiment is currently in the fear zone, similar to levels last seen in April [2] - A wave of liquidations exceeding $19 billion has contributed to the recent downturn, influenced by US-China trade tensions [5] - Analysts suggest that a break below the key support level of $99,900 for Bitcoin could lead to a deeper correction [6] Bitcoin's Utility Perspective - There is a strong conviction in Bitcoin as a utility asset, not merely a store of value [7] - Despite recent price fluctuations, Bitcoin DeFi's Total Value Locked (TVL) has remained relatively stable [6][7]

Market Overview - The cryptocurrency market experienced a significant downturn, with Bitcoin dropping below $106,000, currently priced at $105,561.4 per coin [2] - Ethereum fell below $3,800, currently at $3,741.75, with a 24-hour decline of 6.32% [4] - Solana's price dropped below $180, currently at $177.7, reflecting a 24-hour decrease of 7.87% [5] - Other cryptocurrencies such as Dogecoin and BNB also saw declines exceeding 9% [6] Market Data - The following table summarizes the price changes and market capitalization of key cryptocurrencies: - Bitcoin (BTC): $105,491, down 4.55%, market cap $71.05 billion, down 1.7% [7] - Ethereum (ETH): $3,755, down 6.2%, market cap $44.02 billion, down 5.8% [7] - Solana (SOL): $177.7, down 7.87%, market cap $9.18 billion, down 9.3% [7] - XRP: $2.237, down 7.14%, market cap $3.66 billion, down 9.7% [7] - BNB: $1,056, down 10.8%, market cap $1.88 billion, down 9.9% [7] - Dogecoin (DOGE): $0.1787, down 9.44%, market cap $1.81 billion, down 9.8% [7] Liquidation Events - Over the past 24 hours, more than 280,000 traders were liquidated, with a total liquidation amount of $1.04 billion, including $820 million from long positions and $220 million from short positions [7] - The liquidation breakdown over different time frames is as follows: - 1 hour: $200 million total, $170 million long, $24.81 million short [8] - 4 hours: $340 million total, $300 million long, $43.92 million short [8] - 12 hours: $440 million total, $360 million long, $78.85 million short [8] - 24 hours: $1.04 billion total, $820 million long, $220 million short [8] Market Sentiment - The recent downturn in the cryptocurrency market is attributed to rising risk aversion driven by turmoil in the U.S. credit market, leading to increased expectations for interest rate cuts by the Federal Reserve [9] - Spot gold prices have surged to over $4,380 per ounce, indicating a flight to safety among investors [9] - Analysts from JPMorgan suggest that the recent significant pullback in the crypto market and large-scale liquidations may be driven by native cryptocurrency investors rather than institutional or retail ETF holders [9] - Data from SoSoValue indicates a net outflow of $536 million from Bitcoin spot ETFs on October 16, with no ETFs showing net inflows [9] Technical Analysis - Analysts highlight that $107,000 is a critical support level for Bitcoin; a clear break below this level could trigger further declines [10]

北京商报讯（记者 廖蒙）接连冲破历史新高后，比特币再现过山车行情。10月8日，比特币价格回落至12.2万美元附近，月内涨幅整体超过8%。全球币价网 站CoinGecko数据显示，截至当日17时30分，比特币报122444美元，24小时内跌幅为1.3%。 中国通信工业协会区块链专委会共同主席于佳宁告诉北京商报记者，这轮比特币上涨的主因仍在于全球流动性预期的转向。当前市场普遍认为美联储降息周 期提前启动，资金面趋于宽松，风险偏好自然上升；加上美国政府停摆引发短期避险需求，部分资金转向数字资产，形成了流动性和情绪的共振。 避险情绪下，被拥趸视为"数字黄金"的比特币，近期和黄金在价格走势上呈现了一定的一致性。值得注意的是，在比特币价格的大幅波动下，市场爆仓同样 呈现加剧态势。根据Coinglass数据，截至10月8日17时30分的过去24小时里，全球共有170631人被爆仓，爆仓总金额为6.45亿美元，约合46亿元人民币，其 中最大单笔爆仓单交易金额为874.26万美元。 | 爆仓热力图 | 1小时 4小时 12小时 24小时 | | | 市种 交易所 | | 总爆仓 | | | | | --- | --- | -- ...

Core Insights - The total holdings of Bitcoin by U.S. spot exchange-traded funds (ETFs) reached a historic milestone of 1.25 million Bitcoins as of August 17, 2025, marking the highest level ever recorded [1] Group 1 - The achievement signifies a significant development in the cryptocurrency investment landscape, reflecting growing institutional interest in Bitcoin [1] - The data indicates a trend of increasing adoption of Bitcoin ETFs, which may influence market dynamics and investor behavior [1]

Group 1: Bitcoin Market Insights - Bitcoin spot ETF has seen net inflows recently, with potential for Bitcoin to rise above $120,000 if not for sudden market events [1] - Bitcoin has been in a consolidation phase, with a clear five-wave structure indicating a possible short-term pullback before continuing its upward trend [4] - A target of $104,000 is noted for Bitcoin, with a potential to reach $120,000 if it breaks through current resistance levels [4] Group 2: Ethereum Market Dynamics - Ethereum's performance is weaker compared to Bitcoin, struggling to break above the daily midline of $2,516, facing strong resistance [6] - The Ethereum Foundation's recent token transfers suggest cashing out for operational expenses, reminiscent of previous market movements that saw ETH drop from $3,200 to $2,100 [8] Group 3: Altcoin Market Trends - Altcoins are experiencing significant volatility, with many falling back to April lows, indicating a bearish trend as Bitcoin rises [9] - The altcoin market is characterized by a prolonged washout period, with small rebounds expected but an overall downward trend [9] Group 4: Broader Crypto Market Observations - The crypto industry is facing challenges with DeFi, NFTs, and GameFi narratives losing traction, leading to user attrition and a stagnant on-chain economy [11] - The market is described as entering a negative-sum game cycle, with Bitcoin remaining the only asset showing resilience [11] Group 5: Investment Strategies - Recommendations for retail investors include participating in new token launches and engaging with platforms for potential airdrops, emphasizing a long-term holding strategy for Bitcoin [14][15] - Investors are encouraged to conduct thorough research on quality projects and consider various strategies to maximize returns, including participating in PVP on-chain activities [15]