Bitcoin (BTC) Price Fluctuates Amid Market Correction

比特幣（BTC）價格在市場調整中波動

On Sunday evening, Bitcoin (BTC) witnessed a significant price drop, declining from $98,500 to $95,500. This sharp decline impacted the broader cryptocurrency market, particularly affecting XRP and Dogecoin (DOGE). Both assets experienced losses exceeding 5%, while Solana (SOL), Ethereum (ETH), and Cardano (ADA) also declined by 2-5%.

週日晚上，比特幣 (BTC) 價格大幅下跌，從 98,500 美元跌至 95,500 美元。這種急劇下跌影響了更廣泛的加密貨幣市場，特別是影響了 XRP 和狗狗幣 (DOGE)。兩種資產的損失均超過 5%，而 Solana (SOL)、以太坊 (ETH) 和 Cardano (ADA) 也下跌了 2-5%。

Futures Liquidation Surge

期貨清算激增

The sell-off had a substantial impact on futures markets, where over $500 million worth of positions were liquidated within 24 hours. According to Coinglass, nearly 200,000 traders were affected by these liquidations. Binance accounted for the most significant single liquidation during the volatile trading session, with long positions totaling $366 million and short positions amounting to $127 million.

這次拋售對期貨市場產生了重大影響，價值超過 5 億美元的部位在 24 小時內被清算。據 Coinglass 稱，近 20 萬交易者受到這些清算的影響。在波動的交易時段，幣安的單筆清算量最大，多頭部位總計 3.66 億美元，空頭部位總計 1.27 億美元。

Expert Commentary

專家評論

The market volatility aligns with predictions made by Galaxy Digital CEO Mike Novogratz on November 11th. Novogratz highlighted the inevitability of market corrections and attributed the price swings to excessive leverage in the market. Despite the recent price decline, Novogratz expressed continued optimism, predicting that Bitcoin will eventually surpass $100,000.

市場波動與 Galaxy Digital 執行長 Mike Novogratz 11 月 11 日的預測相符。諾沃格拉茨強調了市場調整的必然性，並將價格波動歸因於市場槓桿過高。儘管近期價格下跌，諾沃格拉茨仍表達了持續樂觀的態度，預計比特幣最終將突破 10 萬美元。

Current Market Situation

目前的市場狀況

At the time of writing, BTC is trading at $98,711, indicating a slight recovery of 0.60% over the last 24 hours.

截至撰寫本文時，BTC 交易價格為 98,711 美元，顯示過去 24 小時內小幅回升 0.60%。