Bitcoin fell below the 100,000 mark, behind the market shock: How to operate stably in turbulence?

Nakamoto 2025-11-6 17:29 82599人围观 BTC

Hello, I am Gao Peng, and this is the 8-minute blockchain! Analysis of the impact of the U.S. government shutdown and liquidity crunch on the crypto market. With the U.S. government shutdown entering its 37th day, concerns about market liquidity tighteni

Hello, I am Gaopeng, and this is the 8-minute blockchain!

Analysis of the impact of the US government shutdown and liquidity crunch on the crypto market

As the U.S. government shutdown enters its 37th day, concerns about market liquidity tightening have intensified, and traditional market risk aversion has increased. Bitcoin fell below $100,000 for the first time, entering a new low range, and Ethereum also gave up its gains at the beginning of the year. With the combined influence of various macroeconomic factors, the flow of funds in the crypto market has shown a clear trend of differentiation.

1. Liquidity tightening and risk aversion intensified

US government shutdown and liquidity crunch:

The shutdown of the U.S. government has lasted for more than a month. Some government agencies are unable to operate normally and fiscal expenditures have been significantly reduced. This has directly aggravated the tight liquidity in the market. The outflow of government funds and the contraction of credit supply have led to more uncertainty in the market about future economic trends. Capital has withdrawn from high-risk assets. There have been obvious changes in the flow of funds between the traditional stock market and the crypto market.

Risk aversion spreads:

Faced with volatility in traditional markets and macroeconomic uncertainty, investor sentiment in the crypto market has also become increasingly cautious. Bitcoin fell below $100,000 for the first time since June, hitting a multi-month low. Ethereum is also under pressure and has given up its gains at the beginning of the year. This phenomenon reflects the market’s concerns about liquidity crunch and also reveals investors’ high degree of uncertainty about the long-term prospects of crypto assets.

2. Market performance of Bitcoin and Ethereum

Bitcoin price trend and support analysis:

Bitcoin has now fallen below $100,000, and the market is clearly divided on its prospects. Analysts are divided into two groups regarding the price of Bitcoin:

• Bearish view: It is believed that the downward pressure on Bitcoin is still great, the market liquidity is insufficient, and the price may continue to drop to the range of US$82,000 to US$88,000 in the short term. Technical analysis shows that Bitcoin has fallen below several key support levels, and the lack of strong buying support may lead to further pullbacks.

• Bullish view: We believe that the current downward trend provides a good opportunity for layout. The Federal Reserve's monetary policy may shift, and expectations of interest rate cuts are expected to bring about a recovery in market liquidity, which in turn will help Bitcoin rebound.

Ethereum technicals and market sentiment:

Similar to Bitcoin, Ethereum has also faced significant downward pressure recently. Although its gains at the beginning of the year have been given back, its long-term prospects are still promising. With the advancement of Ethereum 2.0 and the expansion of the decentralized finance (DeFi) ecosystem, Ethereum's market position remains strong. Even though there are downside risks in the short term, some analysts believe that $3,000 is still a relatively good point to open a position.

3. Other cryptocurrency trends

Solana (SOL) Price Trend:

Solana recently broke below a key trend line, with support now around $155. If it loses this level, Solana’s price could drop further towards $100 to $120. The recent market risk aversion has caused Solana to be under greater technical pressure, and investors need to pay attention to whether the project can stabilize its market performance.

Emerging projects bucked the trend:

Despite the overall market downturn, some emerging projects such as Giggle and MMT have bucked the trend and attracted capital inflows. This shows the divergent trend of market capital flows, and some investors remain optimistic about emerging projects. Although these projects are still in their early stages, their short-term performance may become the focus of market attention.

4. Market Sentiment and Capital Flows

Fear and Greed Index:

According to the Fear and Greed Index, the current index is 20, and market sentiment is in a state of extreme panic. This reflects investors’ pessimistic expectations regarding macroeconomic uncertainty and the short-term direction of the crypto market.

Capital outflows and liquidation:

In the past 24 hours, the market liquidation amount reached US$1.785 billion, showing the high risks of leveraged trading and speculation. At the same time, Bitcoin ETFs also experienced continued net outflows, which further exacerbated market instability.

5. Tokens that will be launched and unlocked soon

Today, ENA, MAVIA and other tokens will be listed for trading on the exchange, and the market will also usher in a wave of unlocking. Large-scale unlocking events may cause short-term price fluctuations. Investors need to pay attention to the market reaction of these tokens and control risks.

6. Summary

The current crypto market is facing multiple challenges, especially the liquidity crunch caused by the U.S. government shutdown and the rising market risk aversion. The prices of Bitcoin and Ethereum are under pressure and may continue to decline in the short term. However, the Fed's monetary policy shift may bring about a recovery in market liquidity, providing support for the rebound of crypto assets such as Bitcoin.

Investors should pay close attention to the Fed's policy changes and operate based on technical aspects and market sentiment. In the short term, high volatility requires flexibility, while paying attention to the dynamics of emerging projects and tokens to look for possible investment opportunities.