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Analysis: Impact of '10.11 Flash Crash' in Crypto Market May Take Days or Weeks to Fully Manifest
Summary: Following the '10.11 Flash Crash,' the crypto market has begun to regain some lost ground, but the full impact of the event may take days or even weeks to fully manifest, according to industry insiders: 1. Edward Chin, CEO of crypto hedge fund Parataxis, suspects that news of fund liquidations or market makers suffering heavy ...
Following the '10.11 Flash Crash,' the crypto market has begun to regain some lost ground, but the full impact of the event may take days or even weeks to fully manifest, according to industry insiders:
1. Edward Chin, CEO of crypto hedge fund Parataxis, suspects that news of fund liquidations or market makers suffering heavy losses may emerge in the coming days or weeks.
2. Caroline Mauron, Co-founder of Orbit Markets, points out that the next major support level for Bitcoin is at $100,000, and breaking below this level would signal the end of the bull market cycle of the past three years.
3. Vincent Liu, Chief Investment Officer at Kronos Research, believes that the recent plunge was triggered by tariff concerns but exacerbated by institutional over-leverage, highlighting the close connection between cryptocurrencies and the macroeconomy. (Wall Street Journal)
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Link: Analysis: Impact of '10.11 Flash Crash' in Crypto Market May Take Days or Weeks to Fully Manifest [Copy]
