Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Analyst: This market crash does not imply a long-term bearish outlook or fundamental deterioration

Analyst: This market crash does not imply a long-term bearish outlook or fundamental deterioration

PANews2025/10/13 05:48
By: PANews

PANews, October 12—According to Cointelegraph, investment analyst Kobeissi Letter stated that Friday's sudden market crash caused some cryptocurrencies to plunge by 95% in less than 24 hours, but this does not indicate a long-term bearish outlook or a deterioration in fundamentals.

The analyst wrote that Friday's market crash was triggered by a series of short-term factors, including "excessive leverage and risk," as well as U.S. President Donald Trump announcing a 100% tariff on China. There was a significant long bias in the market, with long positions liquidated amounting to $16.7 billion, while short positions liquidated were only $2.5 billion, a ratio close to 7:1.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

The fund shorting MicroStrategy is now targeting the Ethereum treasury company.

Has the "flywheel" become a "death spiral"?

BlockBeats2025/10/13 22:03
Sam Altman in conversation with a16z co-founder: Will aggressively bet on infrastructure, sora is an important strategic tool

The AI competition is shifting from algorithms to a comprehensive battle involving computing power, capital, and energy.

BlockBeats2025/10/13 22:03
What should we know behind the $2 billion liquidation?

When the harsh reality of leverage becomes apparent, every participant must remember: risk management is always more important than chasing returns.

区块链骑士2025/10/13 21:52

Trending news

More
1
Aave DAO has cumulatively repurchased 100,000 AAVE and plans to use them as collateral to initiate GHO credit.
2
The fund shorting MicroStrategy is now targeting the Ethereum treasury company.

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,844.09
+0.41%
Ethereum
Ethereum
ETH
$4,266.09
+3.26%
BNB
BNB
BNB
$1,295.31
+0.37%
Tether USDt
Tether USDt
USDT
$1
+0.02%
XRP
XRP
XRP
$2.62
+3.02%
Solana
Solana
SOL
$209.18
+6.50%
USDC
USDC
USDC
$1.0000
+0.00%
Dogecoin
Dogecoin
DOGE
$0.2158
+3.88%
TRON
TRON
TRX
$0.3241
+0.37%
Cardano
Cardano
ADA
$0.7332
+5.10%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter