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Matrixport: Historic Surrender Sale Reshapes Crypto Market Positioning
Summary: Matrixport stated today that Trump's threat to impose 100% tariffs on China triggered a historic collapse in the crypto market, coinciding with high leverage and extreme optimism. As prices fell, automatic liquidation orders on decentralized exchanges (DEX) were triggered in a chain reaction. Due to low liquidity and trading volume, these forced liquidations exacerbated the ...
Matrixport stated today that Trump's threat to impose 100% tariffs on China triggered a historic collapse in the crypto market, coinciding with high leverage and extreme optimism. As prices fell, automatic liquidation orders on decentralized exchanges (DEX) were triggered in a chain reaction. Due to low liquidity and trading volume, these forced liquidations exacerbated the market sell-off. At one point, Ethereum funding rates plummeted to -39%, one of the most severe pullbacks in recent years, nearly wiping out excessive leverage positions in the market. Only a few traders benefited from this downturn. As volatility gradually subsides, market indicators suggest that new long positions are expected to be rebuilt. This historic surrender sale has completely reshaped the entire crypto market positioning.
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Link: Matrixport: Historic Surrender Sale Reshapes Crypto Market Positioning [Copy]
