Crypto Market Slumps, Nearing $3T Support

加密货币市场暴跌，接近 3T 美元支撑位

The total crypto market capitalization has plummeted by $82 billion, hovering near the crucial $3 trillion support level. SAND, a metaverse token, led the decline in altcoins, losing 18% in 24 hours.

加密货币总市值暴跌 820 亿美元，徘徊在关键的 3 万亿美元支撑位附近。元界代币 SAND 领跌山寨币，24 小时内下跌 18%。

Market Oversold, Risks Breaching Support

市场超卖，有突破支撑位的风险

The MACD indicator signals an increase in selling pressure, suggesting that the market is oversold and at risk of breaching the $3 trillion support. If selling continues, the market could drop further to $2.72 trillion.

MACD指标显示抛售压力增加，表明市场超卖并面临突破3万亿美元支撑位的风险。如果抛售继续，市场可能进一步跌至 2.72 万亿美元。

Weekend Trading Contributes to Volatility

周末交易导致波动

Low trading volumes over the weekend have amplified price fluctuations. The movement of over 74,000 BTC to spot exchanges indicates profit-taking activity, adding to the downward pressure on prices.

周末的低交易量放大了价格波动。超过 74,000 BTC 流入现货交易所表明获利了结活动，增加了价格的下行压力。

Metaverse Token SAND Plunges

Metaverse Token SAND 暴跌

SAND has been the biggest loser in the market, dropping 18%. It currently trades at $0.66, a 23% decline from its recent high.

SAND 是市场上跌幅最大的，下跌了 18%。目前其交易价格为 0.66 美元，较近期高点下跌 23%。

Institutional Sentiment Varies

机构情绪各异

Bitcoin ETFs have recorded a $438 million net outflow, indicating investor uncertainty. However, BlackRock's IBIT has seen a $267 million inflow, while Bitwise BTC has experienced a $280 million outflow.

比特币 ETF 已录得 4.38 亿美元的净流出，表明投资者存在不确定性。然而，贝莱德的 IBIT 流入了 2.67 亿美元，而 Bitwise BTC 则流出了 2.8 亿美元。

Options Expiry Impacts Market

期权到期影响市场

Options expiries worth billions of dollars are set to expire on November 29, further driving volatility as traders adjust their positions.

价值数十亿美元的期权将于 11 月 29 日到期，随着交易者调整头寸，进一步加剧波动。

Some Tokens Gain Amid Turmoil

一些代币在动荡中获利

Despite the downturn, some tokens have gained ground. Lido DAO, Uniswap, and Arbitrum have risen significantly, highlighting investor interest in decentralized finance (DeFi).

尽管经济低迷，一些代币还是取得了进展。 Lido DAO、Uniswap 和 Arbitrum 涨幅显着，凸显了投资者对去中心化金融（DeFi）的兴趣。

Market Sentiment Remains Bullish

市场情绪依然看涨

Despite the recent setbacks, market sentiment remains "extremely greedy" according to the Fear and Greed Index. Traders are navigating the volatility, highlighting the challenges of reaching major price milestones like $100K for Bitcoin.

尽管最近遭遇挫折，但根据恐惧和贪婪指数，市场情绪仍然“极度贪婪”。交易员正在应对波动，突显了比特币达到 10 万美元等主要价格里程碑所面临的挑战。