Crypto is down again, and the drop is chewing our portfolios as we see the rise in crypto liquidations and debate on Michael Burry and his Bitcoin comments. With crypto down across major assets and liquidations climbing, we are questioning why Bitcoin is falling even while traditional markets are up. What deepens the discussion is how often Michael Burry skepticism on Bitcoin comes during these volatility spikes, especially when crypto is down without any direct negative catalyst. As the crypto market abs ...

Key Points Despite the launch of more spot Solana ETFs, investors have seen fit to take profits off the table. Long liquidations have surged over the past day, as investors look to rotate out of this asset class amid a market sell-off. Let's dive more into the story behind the numbers. 10 stocks we like better than Solana › Solana (CRYPTO: SOL) happens to be one of my top long-term picks in the cryptocurrency sector. With its ultra-fast and low-cost network driving considerable developer activity ...

比特币价格剧烈波动 - 比特币在10月6日创下超过126,000美元的历史新高后，仅三天价格就暴跌至107,000美元，随后经历一次无效反弹至116,000美元后再次下探至102,000美元，最终交易价格约为115,300美元 [2] - 从10月7日到10月10日，比特币价格下跌了17.2% [6] - 此次价格剧烈波动的剧烈程度与2022年11月FTX崩溃时类似，当时价格下跌26% [6] 衍生品市场与交易所影响 - 10月9日，由于价格快速变动导致交易所功能失常，价值超过190亿美元的衍生品头寸被清算 [3] - 此次事件中，未平仓合约减少了超过30% [6] - 交易所Binance为此提供了3亿美元的补偿，原因是其据报在交易者投资组合有足够保证金的情况下仍自动清算了头寸 [5] 市场结构与韧性 - 尽管出现抛售，但市场表现出韧性，这归因于加密货币交易的机构化，大量交易量在受监管的交易所如CME或通过众多比特币ETF进行现货交易完成 [7] - 抛售发生后，比特币价格和未平仓合约同步上升，表明新开立的衍生品合约很少，上涨更多与资产增值有关 [8] 波动性对市场参与者的影响 - 10月初短暂的波动性爆发导致加密货币总市值蒸发了5000亿美元 [4] - 零售交易者是此次抛售的主要承受者，并且受到重创 [8] - 剧烈的波动清算了多空双方的头寸，而此前自7月以来比特币价格一直维持在107,000美元至126,000美元的区间内 [3][4]