#数字货币市场回调 Blood Red Monday reappears, the crypto market faces a chain of Get Liquidated—nearly 1 billion dollars in leveraged positions were wiped out in this round of big dump.

Bitcoin leads the decline, with a single-day big dump of 8% reaching $83,824, having evaporated nearly 30% of its market value since the beginning of October; Ethereum is even worse, plummeting 10% below the $2,719 mark, experiencing a 36% halving tragedy over seven weeks. As for those investors chasing the dream of getting rich from small coins? They have already lost so much this year that they are questioning life — the related index has directly dropped nearly 70%.

Looking back to early October, the market experienced a wave of liquidations totaling $19 billion. Now, the winter continues. Last week, the U.S. spot Bitcoin ETF only recorded a pitiful net inflow of $70 million, and over the past month, it has lost about $4.6 billion in real money. Industry insiders bluntly stated: the beginning of December is filled with risk aversion, ETF fund inflows are terrifyingly weak, and it is expected to face headwinds throughout the month, with the key support level being whether $80,000 can hold.

At the macro level, undercurrents are also surging. Digital currency is being dragged along by the global market turmoil. In the coming week, the United States will release a number of economic data, which may directly influence the Federal Reserve's interest rate decision-making path. Interestingly, Trump recently announced his nomination for the next Federal Reserve chairperson and publicly expressed his hope to promote interest rate cuts.

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