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- 19:07Analyst: High leverage is extremely dangerous in illiquid markets, and institutional liquidations amplify the chain reaction of declines.Jinse Finance reported that Lucas Kiely, CEO of Future Digital Capital Management, stated that the recent crypto market crash serves as a "wake-up call" for traders, as high leverage is extremely dangerous in a low-liquidity environment. Coin Bureau analyst Nic Puckrin pointed out that even profitable positions were subject to automatic deleveraging (ADL) forced liquidation, indicating flaws in risk management mechanisms. The Block Research analysis noted that large-scale liquidation events may involve institutions and market makers, whose leveraged positions were forcibly closed, amplifying the price decline. When one round of forced liquidation triggers the next, the market experiences a self-reinforcing chain reaction of downward pressure.
- 18:54JPMorgan: Will allow clients to trade Bitcoin and cryptocurrencies, but has not yet launched custody servicesJinse Finance reported that JPMorgan confirmed on CNBC that they will allow clients to trade bitcoin and cryptocurrencies, but have not yet launched custody services.
- 18:11Data: If ETH falls below $4,012, the cumulative long liquidation intensity on major CEXs will reach $1.835 billionsAccording to ChainCatcher, citing Coinglass data, if ETH falls below $4,012, the cumulative long liquidation intensity on major CEXs will reach $1.835 billions. Conversely, if ETH breaks above $4,404, the cumulative short liquidation intensity on major CEXs will reach $907 millions.