Analysis: The impact of the "10.11 flash crash" in the cryptocurrency market may take several days or even weeks to fully manifest

ChainCatcher news, according to a report by Wall Street Insight, "After the flash crash on October 11," the crypto market has begun to recover some of its losses, but the full impact of the event may take days or even weeks to fully manifest. Several industry insiders have shared their views:

1. Edward Chin, CEO of the crypto hedge fund Parataxis, expressed skepticism that news of some funds facing liquidation or market makers suffering heavy losses will emerge in the coming days or weeks.
2. Caroline Mauron, co-founder of Orbit Markets, pointed out that Bitcoin's next major support level is at $100,000, and falling below this level would mark the end of the bull market cycle of the past three years.
3. Vincent Liu, Chief Investment Officer of Kronos Research, believes that this crash was triggered by tariff concerns but exacerbated by excessive leverage from institutions, highlighting the close connection between cryptocurrencies and the macro economy.