加密资产市场24小时内爆仓金额达到8.12亿美元，爆仓金额上涨26.06%。 有分析师此前对《中国经营报》记者表示，这次比特币等加密资产下跌，是多种因素相互叠加的结果， 很难将其归因到单一因素上。但可以看到的是，对AI一类科技估值泡沫的担忧导致了全球风险资金的 流出，也推动了比特币等风险资产价格的下行。 （编辑：李晖 审核：何莎莎 校对：翟军） 中经记者 郑瑜 北京报道 11月19日上午9时，全球市值第一大加密货币比特币价格跌至91711美元/枚，年内30%涨幅全部回吐。 截至目前，市值排名第二的以太坊呈现下跌趋势，24小时内跌幅达3.78%。 ...

Group 1: Market Overview - The cryptocurrency market experienced a significant price drop on November 5, with Bitcoin falling below $100,000, reaching a low of $99,113.39, a decrease of 20.5% from its one-month high of $124,658.54 [1] - Ethereum also saw a decline, dropping below $3,100 and falling over 14% [1] - A total of 479,000 individuals experienced liquidation, with a total liquidation amount of $2.055 billion (approximately 146.37 billion RMB), predominantly from long positions [1] - As of November 6, the 24-hour liquidation count was 160,200 individuals, amounting to $316 million, with long positions making up 60% [1] Group 2: Stablecoin Issues - The decentralized stablecoin XUSD from Stream Finance faced a significant de-pegging crisis, dropping from its $1 peg to around $0.26, a deviation of over 77% [2] - An external fund manager reported a loss of approximately $93 million related to Stream's funds [2] - XUSD operates as a derivative stablecoin, which is typically over-collateralized with risk assets, unlike fiat-backed stablecoins like USDC [2][3] - The core issue with derivative stablecoins lies in their yield sources, which are often tied to the issuer's management strategies [2] Group 3: Market Dynamics and Future Outlook - The recent downturn in cryptocurrency prices is attributed to multiple factors, including concerns over AI and technology valuation bubbles, leading to a withdrawal of risk capital [6] - The market's overall liquidity has tightened since October 11, with structural vulnerabilities and significant volatility effects observed [7] - The medium to long-term market trajectory will depend on macro monetary policy directions and institutional capital inflows [7]