CoinGlass数据显示，过去24小时加密货币市场共有近23万人被爆仓，爆仓总金额为8.3亿美元（约合人 民币59亿元），其中多单爆仓7亿美元，空单爆仓1.3亿美元；最大单笔爆仓发生在HTX-BTC。 【导读】加密货币市场集体大跌，近23万人爆仓 中国基金报记者 李智 加密货币抛售潮仍在继续。 11月21日，加密货币市场集体大跌，比特币跌逾5%，自4月以来首次跌破87000美元。 11月21日凌晨，以太坊一度跌破2800美元。 其他加密货币多数走低，BNB、狗狗币、艾达币等跟跌。 | 名称: | 价格: | 涨跌(24H): | 液跌(7日): | 市值: | 成交量(24H): | 交易份额; | | --- | --- | --- | --- | --- | --- | --- | | 比特币 | $87,161.3 | -4.62% | -11.92% | $1.74T | $96.99B | 45.70% | | 1 BTC | | | | | | | | 以太坊 | $2,852.22 | -5.46% | -10.90% | $344.81B | $42.97B | 21.07% | | 2 E ...

| 名称 = | 价格÷ | 涨跌(24H) ÷ | 涨跌(7日) ⇒ | 市值 : | 成交量(24H) ÷ | 交易份额÷ | | --- | --- | --- | --- | --- | --- | --- | | 比特币 | $87,161.3 | -4.62% | -11.92% | $1.74T | $96.99B | 45.70% | | 1 BTC | | | | | | | | 以太坊 | $2,852.22 | -5.46% | -10.90% | $344.81B | $42.97B | 21.07% | | 2 ETH | | | | | | | | 泰达币 | $1.0005 | +0.01% | -0.05% | $183.77B | $161.76B | 77.59% | | 3 USDT | | | | | | | | XRP 4 XRP | $2.0132 | -4.21% | -12.69% | $121.50B | $6.61B | 3.27% | | BNB S BMB | $869.70 | -3.00% | -5.61% | $119.87B | $3.02B | ...

【导读】加密货币市场集体大跌，近23万人爆仓 中国基金报记者 李智 加密货币抛售潮仍在继续。 11月21日，加密货币市场集体大跌，比特币跌逾5%，自4月以来首次跌破87000美元。 | 名称: | 价格: | 涨跌(24H) = | 涨跌(7日)⇒ | 市值; | 成交量(24H) : | 交易份额: | | --- | --- | --- | --- | --- | --- | --- | | 比特币 | $87,161.3 | -4.62% | -11.92% | $1.74T | $96.99B | 45.70% | | 1 BTC | | | | | | | | 以太坊 | $2,852.22 | -5.46% | -10.90% | $344.81B | $42.97B | 21.07% | | 2 ETH | | | | | | | | 泰达币 3 USDT | $1.0005 | +0.01% | -0.05% | $183.77B | $161.76B | 77.59% | | XRP | $2.0132 | -4.21% | -12.69% | $121.50B | $6.61B | 3.2 ...

整理 | 愉小编 针对此次出现的比特币急跌，消息面上，近期，市场对12月降息预期的降温，美国整体风险偏好明显下滑。 分析人士指出，本轮比特币跌势的核心驱动因素来自宏观层面的流动性预期变化。随着美国最新通胀数据高于预期，市场对美联储12月降息的信心显著下 降。据CME"美联储观察"工具显示，12月降息25个基点的概率已跌破50%，仅为44.4%，而维持利率不变的概率则上升至55.6%。 与此同时，机构资金的持续流出也加剧了市场的下行压力。数据显示，此前支撑比特币上涨的美国现货比特币ETF近期资金流入明显放缓，部分产品甚至 出现净流出。这一现象表明，机构对加密货币的配置意愿正在减弱，市场对"数字黄金"的避险属性产生质疑。 出品 | 愉见财经 11月17日，"比特币下跌超2%"的话题词登上了百度热搜。在当天凌晨时分，比特币价格短线跳水，一度跌至93778.6美元，年内30%涨幅被全部抹去，多 只加密货币产品跟跌。 coinglass当日显示，近24小时内，全球加密货币有超15万人爆仓。 | 1小时爆仓 | 多单爆仓 | 空单爆仓 | | --- | --- | --- | | $3678.5万 | $3137.7万 ...

| 加密货币，持续杀跌！ | | --- | 最近几天，加密货币市场持续下跌。11月18日盘中，比特币跌超6%并跌破9万美元关口，以太坊跌幅也超过6%并跌破3000美元。据Coinglass数据，24小时内，加密 货币全网合约爆仓金额超过10亿美元，爆仓人数达18.35万人。 随着市场对美联储下个月降息预期的大幅减弱，风险资产遭遇了广泛的抛售。最近7天，比特币累计跌幅超过15%，以太坊、XRP跌幅超过18%，Solana、艾达币跌 幅均超过20%。自10月7日见顶以来，加密货币总市值已蒸发超过1万亿美元。分析人士指出，比特币的此轮跌势可能远未结束，在期权市场，交易员们正进行愈发 悲观的押注。 一些市场观察人士提出，加密货币抛售可能引发散户投资者被迫平仓，他们可能需要抛售其他资产以满足追加保证金的要求。这可能会形成从加密货币抛售到其他 市场的反馈循环，因为价格进一步下跌会引发更多资产类别的追加保证金要求。 另外，亚太股市及美股期指集体下跌。韩国综合指数、日经225指数跌幅均超过3%，纳斯达克100指数期货跌超1%，标普500指数期货跌0.8%。个股方面，科技股集 体调整，韩美半导体跌超8%，SK海力士跌近6%， ...

Core Viewpoint - Bitcoin experienced a significant drop of over 2%, erasing its year-to-date gains of 30%, with multiple cryptocurrencies following suit [1][3]. Market Performance - As of November 18, Bitcoin was priced at $91,935.6, while Ethereum was at $3,036.41, reflecting a 3% decline for Bitcoin and a 2.52% decline for Ethereum over the past 24 hours [4][3]. - In the last 24 hours, over 15,000 traders faced liquidation in the cryptocurrency market, with total liquidations amounting to approximately $530 million [1][2]. Macro Factors - The decline in Bitcoin's price is primarily driven by changes in liquidity expectations at the macro level, particularly following higher-than-expected U.S. inflation data [5]. - The probability of a 25 basis point rate cut by the Federal Reserve in December has dropped to 44.4%, while the likelihood of maintaining the current rate has risen to 55.6% [5][7]. Institutional Behavior - There has been a noticeable outflow of institutional funds from the cryptocurrency market, with some Bitcoin ETFs experiencing net outflows, indicating a weakening interest from institutions [5]. - Despite the market downturn, some institutions, such as Strategy, have increased their Bitcoin holdings, purchasing 397 Bitcoins for approximately $45.6 million [8]. Future Outlook - Analysts predict that if Bitcoin prices remain below $100,000, a more severe sell-off could occur, with a potential target near $74,000, indicating about a 30% downside from current levels [7]. - Fundstrat's Tom Lee maintains a bullish outlook, forecasting Bitcoin could reach between $150,000 and $200,000 by the end of 2025, despite recent market volatility [8].

Core Viewpoint - The cryptocurrency market, particularly Bitcoin, is experiencing significant downward pressure, erasing gains made earlier in the year due to a combination of macroeconomic expectations, liquidity issues, and trading sentiment [1][5][8]. Market Performance - Bitcoin's price fell to a low of $93,714, marking a nearly 2% decline in 24 hours and erasing all gains for the year [1]. - As of the latest report, Bitcoin rebounded slightly to $95,734.9, while Ethereum was priced at $3,199.91 [2][3]. - Major cryptocurrencies, including Ethereum, have seen significant declines, with Ethereum's 7-day drop reaching 11.38% [3][4]. Market Dynamics - The decline is attributed to multiple pressures, including fluctuating macroeconomic expectations regarding the Federal Reserve's policies and a tightening liquidity environment [5][6]. - Institutional investors have been redeeming their holdings, leading to a net outflow from Bitcoin spot ETFs since September [5]. - High leverage levels in the market have made it more susceptible to liquidity shocks, with over 230,000 accounts liquidated in a recent 24-hour period, totaling over $1 billion [7]. Investor Sentiment - There is a noticeable decrease in risk appetite among investors, influenced by recent losses in the market and a cautious trading environment [8]. - Historical patterns of Bitcoin's price volatility are causing some investors to preemptively reduce their positions to lock in profits [7][8]. Long-term Outlook - Despite short-term volatility, the long-term narrative for Bitcoin as a hedge against inflation and geopolitical risks remains intact, but it requires time to mature as an asset class [9]. - Key variables influencing future market direction include the development of ETF channels, clarity in global regulatory environments, and sustained demand in on-chain finance and cross-border payments [9]. - Analysts suggest that while recent declines may correct excessive risk-taking and valuation discrepancies, the structural vulnerabilities of the cryptocurrency market compared to traditional financial assets still pose significant risks [9].

Core Viewpoint - The cryptocurrency market is experiencing significant pressure, with Bitcoin's price dropping to $93,714, erasing all gains made in 2025, primarily due to a combination of macroeconomic expectations, liquidity issues, and trading sentiment [3][5][9]. Market Performance - Bitcoin's price fell to $93,714, marking a nearly 2% decline in 24 hours and a loss of approximately $600 billion in market capitalization since its peak [3][5]. - Ethereum also saw a decline, with its price dropping below $3,200 and a 7-day decline of 11.38% [6][9]. - Other cryptocurrencies, including Tether, XRP, BNB, and Solana, experienced varying degrees of decline [4][6]. Factors Contributing to Market Decline - **Macroeconomic Expectations**: Uncertainty regarding the Federal Reserve's policy direction has led to fluctuating risk asset preferences, impacting both the stock market and cryptocurrencies [6][7]. - **Liquidity Pressures**: There has been a notable outflow from Bitcoin spot ETFs since September, with some long-term holders cashing out during tightening liquidity conditions [6][7]. - **Trading Vulnerabilities**: High leverage levels and emotional trading have made the market susceptible to liquidity shocks, with over 230,000 accounts liquidated in a recent 24-hour period [8][9]. Long-term Outlook - Despite the short-term volatility, the recent corrections may reflect a necessary adjustment to previously inflated expectations [9][10]. - The long-term viability of Bitcoin as a mainstream asset depends on the maturation of ETF channels, regulatory clarity, and sustained demand in on-chain finance and cross-border payments [10][11]. - Analysts suggest that while the current market structure remains fragile, the potential for recovery exists if macro liquidity conditions do not worsen [10][11].

| 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 ...

新书速递 杜雨 张孜铭 著 中译出版社 2025年10月 内容简介 当货币插上数字翅膀，一场静悄悄的金融革命正在发生。 稳定币——这个诞生仅十余年的"数字新物种"，正在重新定义货币的未来。从小商贩的手机汇款到华尔街的金融收益，从跨国公司的即时结算到普通 人的数字储蓄，它正让"不可能"变为"日常"。 本书将以独特的视角为您展现稳定币的全貌，在传统金融与数字经济的碰撞中，更深入地洞悉稳定币相关的前沿技术奥秘，以及围绕它所形成的全新 金融生态。同时，客观分析稳定币目前直面的技术风险、社会变革与监管博弈等现实挑战，为每位读者提供理解和参与这场金融革命的必备指南。 金融新未来就在眼前，而您，准备好迎接了吗？ 作 者介绍 杜雨 风险投资人，畅销书作家。中国社会科学院技术经济学博士、北京大学金融学硕士、香港中文大学理学硕士及武汉大学金融工程学学士。兼具 学术研究与产业实践的双重背景，先后工作于腾讯及红杉资本投资团队，参与多家知名企业的投资并购并担任董事。创立未可知人工智能研究院， 在"人工智能+X"方向孵化出教育、医疗、心理、艺术等领域的初创企业。长期深耕数字经济、人工智能研究。曾出版的《WEB3.0: 赋能数字经济新 时 ...