15h ago
AI summarized the in-depth review and market prediction by the founder of Wintermute @wintermute_t regarding the "October 11 crash" as shown in the image.
Key points: The crash on October 11 was triggered by Trump, but the core issues were the freezing of cross-exchange funds, the breakdown of market maker liquidity, and the loss of control over the ADL mechanism, ultimately leading to a chain liquidation;
With the expansion of ETFs and the entry of institutions, the position of mainstream cryptocurrencies like $BTC is becoming increasingly difficult to shake, making them more suitable for long-term holding, while the altcoin season may become more challenging.
Show original
22.78K
42
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.