Bitcoin (BTC) Price Fluctuates Amid Market Correction

比特币（BTC）价格在市场调整中波动

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%.

周日晚上，比特币 (BTC) 价格大幅下跌，从 98,500 美元跌至 95,500 美元。这种急剧下跌影响了更广泛的加密货币市场，特别是影响了 XRP 和狗狗币 (DOGE)。两种资产的损失均超过 5%，而 Solana (SOL)、以太坊 (ETH) 和 Cardano (ADA) 也下跌了 2-5%。

Futures Liquidation Surge

期货清算激增

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.

这次抛售对期货市场产生了重大影响，价值超过 5 亿美元的头寸在 24 小时内被清算。据 Coinglass 称，近 20 万交易者受到这些清算的影响。在波动的交易时段，币安的单笔清算量最大，多头头寸总计 3.66 亿美元，空头头寸总计 1.27 亿美元。

Expert Commentary

专家评论

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.

市场波动与 Galaxy Digital 首席执行官迈克·诺沃格拉茨 (Mike Novogratz) 11 月 11 日的预测相符。诺沃格拉茨强调了市场调整的必然性，并将价格波动归因于市场杠杆过高。尽管近期价格下跌，诺沃格拉茨仍表达了持续乐观的态度，预计比特币最终将突破 10 万美元。

Current Market Situation

目前的市场情况

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

截至撰写本文时，BTC 交易价格为 98,711 美元，表明过去 24 小时内小幅回升 0.60%。