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Opinion: Similar to Large Market Makers Proactively Withdrawing Liquidity, Market Leverage Deeply Cleaned After Sharp Decline Still Optimistic for Q4
Summary: According to reports, crypto KOL and former FTX community partner Benson Sun posted on social media that many altcoins plummeted by over 60% early this morning, with the scale of extreme liquidation in the past typically around 10-20 billion USD, but this time it has expanded tenfold. The sharp drop in US stocks triggering a ...
According to reports, crypto KOL and former FTX community partner Benson Sun posted on social media that many altcoins plummeted by over 60% early this morning, with the scale of extreme liquidation in the past typically around 10-20 billion USD, but this time it has expanded tenfold. The sharp drop in US stocks triggering a decline in the coin market is reasonable, but the massive short-term evaporation of altcoin market value is unusual, not like a normal liquidation caused by excessively high leverage.
It is more similar to large market makers proactively withdrawing liquidity, causing the market to instantly fall into deep vacuum. The decline in altcoins is even more fierce than the 312 and 519 incidents. This deleveraging cycle can be considered the most thorough in the period. The market bubble has been completely squeezed, and risk leverage has returned to zero. Still optimistic about the trend in the fourth quarter, and will spend about a month executing a phased investment strategy.
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Link: Opinion: Similar to Large Market Makers Proactively Withdrawing Liquidity, Market Leverage Deeply Cleaned After Sharp Decline Still Optimistic for Q4 [Copy]
