#美股2026展望 Recently, this wave has fallen quite hard. On October 18, it once dropped below $90,000, hitting a low of $89,300, and is now range-bound around $92,000. Thinking back to early October, it had touched a historical high of $125,000, and at that time, the market was calling for $200,000 by the end of the year. As a result, in just six weeks, the global crypto market has directly evaporated nearly $1 trillion in market capitalization.

A more intuitive aspect is the flow of funds—last week, global crypto investment products experienced a net outflow of $2 billion, marking the largest withdrawal wave since February of this year. In short, institutions and large holders are in a wait-and-see mode.

The main reason behind this round of adjustment is the repeated tug-of-war over the Federal Reserve's interest rate cut expectations. The global stock market has also been unstable recently, with risk assets generally under pressure, and the crypto market naturally suffers as well. $BTC , as a market barometer, has always been sensitive to macroeconomic conditions and sentiment, and this time is no exception.

$BTC and $ETH also did not escape, with the overall trend following the market downward. However, such a level of correction is actually quite common in the encryption field; the key is whether the subsequent macro environment can stabilize. View the fluctuations rationally and don’t let short-term emotions skew your rhythm.