every edited| He Xiaotao
10month11Early in the morning, the cryptocurrency market collapsed collectively, and Bitcoin once fell.13%, lost11US$10,000 mark, latest report113700Dollars is/The piece .
On Friday, smaller and less liquid tokens were more impacted.Ethereum once plummeted more than 17%, while Ripple and Dogecoin plummeted more than 30%.
According to the latest data from Coinglass, the net's open positions have risen to US$19.141 billion in the past 24 hours, setting a new record again. It is the largest wave of forced liquidations since the beginning of April this year. A total of 1.62 million people around the world have been closed, including multiple orders and US$16.686 billion, and short orders and US$2.455 billion. The largest single warehouse receipt occurred in the ETH-USDT contract trading pair on the Hyperliquid platform, worth US$203 million.
In terms of currency, Bitcoin exploded $53.17 billion, Ethereum exploded $43.78 billion, SOL exploded $19.95 billion, HYPE exploded $8.88 billion, and XRP exploded $6.99 billion.
Some netizens left a message on social media saying that they had liquidated their positions, "My trading career is over."
Insiders pointed out that market uncertainty has led to a plunge in risky assets, and the demand for downside protection in the derivatives market has surged. Options market dynamics may influence price action in the underlying market more than ever before.
2Since 25th, the price of Bitcoin has experienced several shocks, with fluctuations rising near the $950,000 threshold at the beginning of the year. In April 2025, Bitcoin fell to below $80,000, followed by a month-long rise, successively breaking through multiple integer thresholds such as $100,000, $11,000, $12,000, continuing to refresh the historic highest price.
It is understood thatThe Bitcoin price.The previousupward trendA lot ofSupported by factors: capital inflows from institutional investors and Bitcoin's increasingly close correlation with the global financial systemWait。
Sid Powell, CEO and co-founder of crypto asset management company Maple, said that whether Bitcoin's rally can be sustained depends largely on macroeconomic conditions and any new developments in the trade field.
Deutsche Bank predicts that in the context of accelerated de-dollarization and surge in safe-haven demand, Bitcoin and gold may jointly become an important component of the central bank's reserve assets by 2030. At present, the share of US dollar reserves of global central banks has dropped to 41%, while gold reserves have exceeded 36,000 tons. Recently, the price of gold has reached $4,000, and Bitcoin is approaching an all-time high. Both ETFs have received record capital inflows.
Recently,Bitwise has released BitcoinThe LatestForecast, a price target of US$1.3 million by 2035 is expected, driven mainly by institutional demand and limited supply of Bitcoin (BTC). The report, released as part of Bitwise's "long-term capital market assumptions," predicts a compound annual growth rate of 28.3% for Bitcoin (BTC) over the next decade, significantly exceeding traditional assets such as stocks (6.2%), bonds (4.0%) and gold (3.8%).
meanwhile，BitwiseA variety of scenarios are also available.I think inIn an optimistic scenario, Bitcoin may reach a compound annual growth rate of 39.4%; in a pessimistic scenario, it may drop to a compound annual growth rate of 2%.
(Responsibility Statement: Article content and data are for reference only and do not constitute investment advice.
Edited|What smallpeach du Bo