比特币为何暴跌？ 第一，美国市场宏观预期变了，这是最关键的原因。美国金融市场就像一个游泳池，美元就是池子里 的"水"。美联储的态度，决定了水龙头的开关。当市场预期美联储可能会推迟降息、维持高利率时，就相当 于拧紧了水龙头。 虚拟币市场大面积反弹！ 11月25日，比特币一度向上突破88000美元，随后涨幅略有收窄。截至18:00，过去24小时涨1.45%；以太坊 反弹超3%，SOL涨超5%，XRP也涨近8%。全市场超11万人爆仓，爆仓总金额为3.66亿美元。 | 而种 | 价格 | 价格(24h%) | | --- | --- | --- | | 12 BTC | $87150 | +1.45% | | ETH | $2888.81 | +3.32% | | SOL | $136.09 | +5.67% | | XRP | $2.1958 | +7.55% | | HYPE | $34.236 | +8.59% | | DOGE | $0.14839 | +2.69% | | | $852.45 | +1.20% | | 1小时爆仓 | $2626.84万 | 4小时爆仓 | $7496.63万 | | --- ...

记者丨刘雪莹 洪晓文 虚拟币市场大面积反弹！ 11月25日，比特币一度向上突破88000美元，随后涨幅略有收窄。截至18:00，过去24小时涨 1.45%；以太坊反弹超3%，SOL涨超5%，XRP也涨近8%。全市场超11万人爆仓，爆仓总金额 为3.66亿美元。 编辑丨江佩霞 | 而和 | 价格 | 价格(24h%) | | --- | --- | --- | | 0 BTC | $87150 | +1.45% | | ETH | $2888.81 | +3.32% | | SOL pl | $136.09 | +5.67% | | XRP | $2.1958 | +7.55% | | HYPE | $34.236 | +8.59% | | 111 DOGE | $0.14839 | +2.69% | | 100 BNB | $852.45 | +1.20% | | 总爆仓 | | | | | --- | --- | --- | --- | | 4小时爆仓 | 1小时爆仓 | $2626.84万 | $7496.63万 | | $967.15万 | 念曲 | 念車 | $4504.52万 | | $2992.1 ...

老铁们，比特币这波操作真是让人瞠目结舌！短短一个多月，从10月初的历史高点12.6万美元一路狂泻，如今已跌破9.37万美元，不仅把年内超过30%的 涨幅全数吐回，价格甚至比去年年底还低，彻底进入"技术性熊市"。 为啥跌得这么惨？ 1. 机构大资金撤退：之前推动比特币上涨的ETF买家、企业财资部门纷纷离场，市场失去了核心支撑。例如，比特币ETF资金流入从高峰期的稳定状态转 为净流出，买盘动力明显衰竭。 2. 宏观环境变天：特朗普政府的关税政策引发全球市场震荡，叠加美联储降息预期降温，风险资产集体受挫。比特币作为"高风险代表"，首当其冲被抛 售。 · 警惕高杠杆陷阱：加密货币波动剧烈，普通投资者应避免杠杆，专注现货。 3. 杠杆泡沫破裂：近24小时内16万人爆仓，清算金额达5.8亿美元。高杠杆在下跌中放大损失，引发连锁抛售。 帮主总结：暴涨暴跌是比特币的常态，当前回调挤破了短期泡沫，但未尝不是中长期布局的契机。记住，别人恐惧时贪婪，但得等市场停止恐慌再出 手！ 4. 长期持有者集中抛售：部分早期投资者将10万美元视为心理止盈点，近期以每小时超1000枚的速度加速卖出。 我是帮主郑重，20年财经老炮。关注我，用中长 ...

Core Viewpoint - The cryptocurrency market has erased nearly all gains accumulated in the first ten months of the year within just over a month, with Bitcoin's price dropping significantly from its record high [2][4]. Group 1: Market Performance - Bitcoin's price rebounded to above $103,000 after a week of sharp declines but remains approximately 18% lower than its record high of $120,000 set on October 6 [2][3]. - The total market capitalization of cryptocurrencies peaked at nearly $440 billion on October 6 but has since fallen by about 20%, leaving only a 2.5% gain year-to-date [4]. Group 2: Investor Sentiment - The decline in cryptocurrencies is causing concern among Wall Street, as Bitcoin is viewed as a leading indicator for high-volatility stocks [4][16]. - The previously successful "buy the dip" strategy is failing, leading to increased market caution [6][10]. - Recent data shows that investors withdrew over $700 million from digital asset ETFs in just one week, with nearly $600 million coming from BlackRock's Bitcoin fund [12]. Group 3: Correlation with Tech Stocks - The recent cryptocurrency crash coincides with concerns over the valuation of AI tech stocks, indicating a cooling risk appetite in high-risk asset classes [6][8]. - Stocks like Palantir, which are closely associated with AI and cryptocurrencies, have seen significant declines, reflecting a broader trend affecting meme stocks and unprofitable tech companies [6][11]. Group 4: Market Dynamics - The lack of new capital inflow into alternative tokens and DeFi projects has been noted, with most areas of the crypto market remaining stagnant [13]. - A significant liquidation of leveraged positions worth approximately $19 billion occurred weeks ago, and the market has yet to recover from this shock [15]. - The number of long-term "whale" investors is declining, raising concerns about tightening liquidity in the market [17].

Core Viewpoint - The cryptocurrency market has experienced significant volatility, with Bitcoin's price dropping from a peak of $120,000 to around $99,000 in just over a month, leading to a substantial decrease in overall market capitalization [1][3][17] Market Performance - On October 6, Bitcoin reached a high of $120,000, contributing to a total cryptocurrency market capitalization of approximately $4.4 trillion [1] - By early November, Bitcoin fell below $100,000, with a low around $99,000, marking a decline of nearly 20% in total market capitalization over the month [3][17] - The overall gains from the beginning of the year have diminished significantly, leaving only a fraction of the initial increase [3] Investor Behavior - There has been a notable shift in investor sentiment; previously, dips in cryptocurrency prices prompted buying, but this behavior has ceased [10] - In the past week, over $700 million was withdrawn from digital asset ETFs, with nearly $600 million flowing out of BlackRock's Bitcoin fund alone [10] - The number of long-term Bitcoin holders, referred to as "whales," has decreased, raising concerns about market liquidity [15] Market Dynamics - The cryptocurrency downturn coincided with a broader sell-off in AI technology stocks, indicating a correlation between high-risk assets [6][17] - A significant number of investors faced liquidation, with over 400,000 being liquidated globally, resulting in losses exceeding $2 billion, predominantly from long positions [3][12] - Analysts suggest that the lack of new capital entering the market is exacerbating the situation, as existing investors exit without sufficient new investment to stabilize prices [12] Future Outlook - Analysts warn that if Bitcoin falls below the $100,000 mark, further declines could occur, potentially dropping to $70,000 [15] - The recent market turbulence serves as a reminder of the inherent risks associated with high-risk assets, emphasizing the importance of careful investment strategy [17][18]

Core Viewpoint - Investor confidence in high-risk assets may be overstated, as indicated by Dwyfor Evans, the Asia-Pacific Macro Strategy Head at State Street Global Markets [1] Group 1: Market Trends - Investors are currently buying U.S. stocks while hedging against dollar risk and selling U.S. Treasury bonds [1] - Evans anticipates a gradual rise in U.S. inflation due to increases in both imported and domestic goods prices, suggesting that "3% has become the new 2%" [1] Group 2: Implications for Monetary Policy - The rising inflation is crucial for the Federal Reserve, as fewer rate cuts could lead to a rebound in the dollar [1] - Given the ongoing policy uncertainty, Evans warns that current market risk positions may be overly optimistic [1]

Core Insights - State Street Corporation's institutional investor risk appetite indicator remained positive in September, marking five consecutive months of optimistic sentiment, with the latest value matching the 2025 high reached in July [1] - As of the end of September, long-term investors maintained their asset allocation in equities, fixed income, and cash, indicating that funds have not returned to long-duration bonds, with fixed income holdings significantly below long-term averages, suggesting a continued preference for high-risk assets among institutional investors [1] Group 1 - The foreign exchange market has seen significant dollar selling, with the reduction reaching the highest level since early 2021, as funds flow into carry trade currencies, with investors increasing their positions in high-risk commodity currencies like the Canadian dollar and Australian dollar [1] - In the equity market, North America remains the most favored region, with increased buying momentum in U.S. stocks pushing up positions, while buying in Asian emerging market stocks has slowed [1] - Demand for fixed income products is moderate, but emerging market bonds have regained popularity among investors [1]