果然大炮一响黄金万两，黄金带飞全场，周一集体反弹。但行情能不能稳住不好说，千万别追涨杀跌！错过多单就等回撤低吸，空单做错赶紧止损割肉， 小仓位心态稳的也能先拿着。冲高再回撤，币圈老戏码了，别踩坑！ 过去24小时全网共有97,200人被被爆仓，爆仓总金额为$2.63亿美元，多单爆仓6510.62万美元，空单爆仓1.98亿美元。 | 爆仓热力图 | 1小时 4小时 12小时 24小时 | 而种 | | | | 交易所 | 总爆仓 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | BIC | | SOL | 其他 $2586.76万 | | | | 1小时爆仓 XF 参典 | $378.79万 $247.30万 | 4小时爆仓 જે ત્ર | $2527.67万 $2084.76万 $442.91万 | | | | | | | $1203.31万 | | $10 空車 | $131.48万 | 中東 | | | $9170.76万 | | FART | 1000PEPE DOGE $655.84万 | | A ...

12月17日，比特币在第四季度的表现明显落后于股市，这种弱势为明年一月可能出现的反弹提供了积极 信号。周二上午市场交易活跃后，比特币在美国交易时段下午趋于平稳，价格徘徊在87500美元左右， 過去24小时累计上涨约2%。FPG财盛国际表示，包括以太坊ETH 2947.87美元、瑞波币XRP 1.9262美元 以及索拉纳SOL 128.24美元在内的主要山寨币也呈现类似的上涨走势，显示整体加密资产在短期内出现 一定修复。 与此同时，加密相关股票在周一大幅回调后出现反弹。Strategy MSTR上涨约3%，Coinbase COIN上涨 约1%，表明市场风险偏好在一定程度上得到恢复。FPG财盛国际认为，这种现象显示投资者在年底前 依然保持谨慎乐观的态度，核心比特币仓位被保留，而资金在其他资产间仍在观望。 随着年末临近，比特币的季度弱势可能带来资金再平衡的机会。根据K33研究主管Vetle Lunde的分析， 当比特币在第一季度表现落后于标普500指数时，通常会在下一季度迎来上涨；相反，当其表现优于股 票市场时，则可能在随后季度初出现回调。FPG财盛国际认为，第四季度，比特币落后标普500指数幅 度高达26%，显 ...

猎鹰数字资产交易平台（FalconX）高级衍生品交易员江博涵表示："比特币目前在 8.5 万至 9.4 万美元 的区间内宽幅震荡，整个加密货币市场普遍交投意愿低迷，成交量持续处于低位。" 周一，比特币价格一度大跌 3.7%，触及 85，171 美元低位。周二亚洲早盘时段，比特币价格小幅回 升，但在香港时间中午刚过便回落至 85，575 美元。相较于 12.6 万美元以上的历史峰值，当前价格已 下跌约 30%。 全球市值最高的加密货币比特币两周来首次跌破 8.6 万美元，随着其进一步陷入熊市区间，投资者情绪 持续走弱。 分析师指出，比特币价格正不断逼近近期交易区间的下限，每当价格出现反弹，那些在 10 月初比特币 触及历史高点时入场的投资者便会趁机抛售，压制上涨势头。 近几周，比特币与其他风险资产同步下跌，但在风险资产反弹时却未能跟涨，打破了以往的同向联动上 涨规律。分析人士指出，尽管美联储上周宣布降息，但加密货币市场仍受困于流动性不足和风险偏好降 温，这也是此轮比特币下跌的核心原因。 2025 年最后一个完整交易周开局，美股、美债及美元汇率走势震荡，华尔街正密切等待关键经济数据 出炉，这些数据将影响美联储未来 ...

去中心化金融研究机构Ergonia研究主管Chris Newhouse指出，此轮下跌与此前的快速抛售有所不同，主 要由现货和衍生品仓位调整驱动，而非大规模强制平仓引发的连锁反应。清算数据相对温和，显示高杠 杆仓位已基本出清，当前市场面临的是一种更"温和但可能更持久"的抛压。在缺乏典型清算高峰、难以 吸引抄底资金入场的情况下，市场呈现出在流动性稀薄环境中缓慢下行的"磨底"特征，反转难度更大。 FalconX高级衍生品交易员Bohan Jiang表示，比特币近期始终在8.5万至9.4万美元之间的狭窄区间内剧烈 震荡，整体交投兴趣不足，加密市场成交量普遍偏低，难以形成有效反弹动能。 近几周，比特币走势与其他风险资产同步下行，但在股市和部分风险资产反弹时却未能跟随上行，打破 了其以往的正相关关系。分析认为，这一表现凸显出在流动性偏弱、风险偏好下降的环境下，即便美联 储上周宣布降息，也未能有效提振数字资产市场人气。 2025年最后一个完整交易周开局，全球金融市场波动加剧。在关键经济数据即将出炉、可能影响美联储 未来利率路径的背景下，美股、债市及美元走势均显得犹豫不决。周一加密资产的疲软，被视为其重新 与传统风险资产形成 ...

Core Viewpoint - Bitcoin experienced a decline during the Asian trading session, dropping 3.2% and falling below the $90,000 mark, despite other risk assets rising following the Federal Reserve's interest rate cut and optimistic economic outlook [1] Group 1: Bitcoin Market Performance - Bitcoin fell to a low of $90,000, significantly down from a previous intraday high of $94,490 [1] - Other cryptocurrencies, including Ethereum, Ripple, and Solana, also saw declines [1] Group 2: Market Context - The decline in Bitcoin follows several weeks of selling that began in early October, which included a large-scale liquidation that wiped out approximately $19 billion in leveraged bets [1] - The Federal Reserve cut interest rates by 25 basis points for the third consecutive time, with projections indicating one more cut next year, but this did not improve sentiment among cryptocurrency traders [1]

智通财经APP获悉，Vanguard周二首次允许客户在其券商平台上购买由第三方管理的加密货币ETF，恰逢近期遭 重挫的数字资产市场出现反弹。该举措最先由媒体报道，随后得到公司确认。Vanguard表示，客户如今可通过其 平台购买贝莱德旗下的iShares比特币信托基金（IBIT.US）等多只加密货币ETF与共同基金。 除比特币外，与以太坊和瑞波币挂钩的ETF也同步开放交易。媒体援引Vanguard经纪与投资业务负责人称，这些 加密货币ETF和共同基金在市场波动阶段表现"符合设计初衷"，能够在高波动环境下正常运作。 尽管此次向客户开放加密类产品，Vanguard强调，公司目前仍无推出自家加密货币产品的计划，其目标仅是为投 资者提供更开放的交易渠道，让客户能够自由配置其偏好的资产。TeraHash比特币收益协议联合创始人Hunter Rogers评论称，此举"可能加速加密货币在多元化投资组合中的进一步合法化"，但同时指出Vanguard过去曾批评 加密资产"具有投机性，不适合作为长期配置"。Rogers认为，客户需求的快速增长是Vanguard选择迈出这一步的 主要原因。 与此同时，受市场情绪改善带动，美股周二同 ...

Core Viewpoint - The cryptocurrency market is experiencing a significant downturn, with over 270,000 individuals liquidated and nearly $1 billion in leveraged positions being forcibly closed [2][8]. Market Performance - Bitcoin's price dropped to $83,786, marking a nearly 30% decline since early October, and was reported at $86,378, down 5% on December 2 [2][3]. - Ethereum also showed weakness, falling below $2,800 with a daily decline of 6.36% [5]. - Other cryptocurrencies such as XRP, BNB, and Solana also experienced declines exceeding 6% [7]. Liquidation Data - In the past 24 hours, the total liquidation amount reached $985 million, with long positions accounting for $870 million and short positions for $110 million [8]. - Specific liquidation amounts over different time frames include $191.96 million in one hour, $44.76 million in four hours, and $410 million in twelve hours [8]. Regulatory Developments - The Japanese government is planning to adjust the taxation on cryptocurrency trading profits to a unified rate of 20%, down from a maximum of 55%, aiming to enhance market activity while ensuring investor protection [9]. Market Sentiment and Predictions - Concerns regarding low inflows into Bitcoin ETFs and a lack of low-price buyers are contributing to market volatility, with $80,000 identified as a critical support level for Bitcoin [10]. - Analyst Mike McGlone suggests that the Bitcoin-to-gold ratio may decline from 20 times to around 13 times, indicating potential pressure on Bitcoin's price relative to gold [9].

Core Viewpoint - The cryptocurrency market is experiencing a significant downturn, with Bitcoin's price dropping below $87,000 and a cumulative decline of over 31% since its peak in October [1][2]. Market Performance - Bitcoin's price fell to $86,680, marking a 24-hour decline of 5.14% and a monthly drop of nearly 20% [1]. - Ethereum's price decreased to $2,839, with a 24-hour decline of 5.67% and a monthly drop of 25.37% [1]. - Ripple's price fell to $2.04, with a 24-hour drop of 6.9% [1]. - Binance Coin and DOGE also experienced declines of 6.03% and 7.98%, respectively [1]. Causes of the Downturn - The primary driver of the downturn is the marginal tightening of macro liquidity, with the U.S. Federal Reserve delaying interest rate cuts and the U.S. Treasury withdrawing approximately $200 billion from market liquidity due to government shutdowns [2]. - The market structure is fragile, with insufficient buying support and a recent trend of net outflows exceeding $1 billion from Bitcoin ETFs [2]. - Regulatory pressures and negative market sentiment have further exacerbated the situation, with recent statements from the People's Bank of China reiterating that cryptocurrency activities are illegal [2]. Leverage and Market Volatility - The use of leveraged contracts has amplified the volatility in the cryptocurrency market, with over 190,000 liquidations occurring in a single day, totaling approximately $553 million [3]. - High leverage can lead to significant losses, as even a 10% price drop can wipe out margin for leveraged positions [3]. - The cascading effect of liquidations can create a vicious cycle of selling and further price declines [3]. Future Outlook - The cryptocurrency market is expected to remain under pressure in the short term, with the medium to long-term outlook dependent on liquidity conditions [4]. - Regulatory trends are moving towards stricter oversight, particularly in China, where cryptocurrency activities are deemed illegal [4]. - Market participants are advised to treat high-leverage trading as a professional tool rather than a personal speculative strategy [4].

Core Viewpoint - The cryptocurrency market is experiencing a significant downturn, with Bitcoin's price dropping sharply and the overall market sentiment being negatively affected by macroeconomic factors and regulatory pressures [1][3][4]. Market Performance - Bitcoin's price fell to $86,680, marking a 5.14% decline over 24 hours and nearly 20% for the month, following a peak of $126,300 in early October, resulting in a cumulative drop of over 31% [1][3]. - Other cryptocurrencies also saw declines, with Ethereum down 5.67% to $2,839 and a monthly drop of 25.37%, while Ripple fell 6.9% to $2.04 [3]. Causes of the Downturn - The downturn is attributed to a combination of macroeconomic tightening, structural weaknesses in the market, and negative market sentiment [3][4]. - The marginal tightening of liquidity, particularly due to delayed interest rate cuts by the Federal Reserve and a withdrawal of approximately $200 billion from the market due to government shutdown, has exacerbated the situation [3]. - The market's structural fragility is highlighted by insufficient buying support and a recent trend of over $1 billion in net outflows from Bitcoin ETFs [3]. Regulatory and Sentiment Factors - Regulatory actions, such as the People's Bank of China's reaffirmation of the illegality of virtual currency activities and the EU's strict regulations on stablecoins, have further dampened market sentiment [4][6]. - The collapse of Trump-related tokens has also negatively impacted speculative confidence, leading to increased panic selling [4]. Leverage and Market Volatility - The use of leverage in trading has amplified the volatility, with over 190,000 traders liquidated on a single day, resulting in a total liquidation amount of $553 million [4]. - The cascading effect of forced liquidations has created a vicious cycle of price declines and further sell-offs [4][5]. Future Outlook - The cryptocurrency market is expected to remain under short-term pressure, with medium to long-term performance dependent on liquidity conditions [6]. - Regulatory trends indicate a continued crackdown on illegal financial activities related to cryptocurrencies, emphasizing the need for investors to be aware of the associated risks [6].

Core Viewpoint - Bitcoin continues to decline, approaching $87,000, with a 24-hour drop of 4.0% as of December 1 [1] Cryptocurrency Market Overview - The overall cryptocurrency market is experiencing a downward trend, influenced by Bitcoin's performance [1] - Ethereum is priced at $2,866.86, with a 24-hour decline of 4.8% [1] - Ripple (XRP) has decreased by 5.9%, now at $2.08 [1] - Binance Coin and Dogecoin have also seen declines of 4.5% and 6.8%, respectively [1] Liquidation Data - Over the last 24 hours, more than 190,000 individuals in the cryptocurrency market have been liquidated, totaling approximately $553 million [1] - The liquidation amount for long positions is $480 million, while short positions account for $72.61 million [1]