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In the early morning of October 11, the global crypto market saw $300 billion evaporate. More than 1.6 million people were liquidated, with forced liquidations totaling $19.1 billion. Most Web3 users could only watch helplessly as liquidation lines were breached. What the industry should remember is not just the numbers, but also, when the next crash comes, who can truly protect users?
The crypto market experienced panic due to Trump reigniting the trade war, resulting in a sharp drop in Bitcoin and $19.1 billions in liquidations across the entire network, affecting 1.6 million people. Several experts analyzed the reasons behind the market crash and discussed potential opportunities for bottom-fishing. Summary generated by Mars AI This summary was generated by the Mars AI model, and its accuracy and completeness are still being iteratively improved.
Behind the limited rewards lies an infinite game. The essence of trading competitions is a collective prisoner's dilemma—whether to achieve a Nash equilibrium or fall short, this uncertain game further excites traders’ nerves.
After the sharp drop early this morning, funding rates on major CEX and DEX platforms indicate that the market has clearly turned bearish.
When a wallet address is no longer just an asset credential, but an identity; when a profile picture is no longer just a JPEG, but a community signal; when a joke can spark collective creation and meme propagation, the spirit of decentralization has already taken root culturally. It does not need to be explained, but rather used, imitated, and recreated.
- 06:244E: Institutions Continue to Accumulate, Bitcoin Market May Enter a New CycleOctober 13 news, according to 4E observation, MARA Holdings bought another 400 BTC through FalconX two hours ago, with a transaction amount of approximately $46.31 million. The current cumulative holdings have reached 52,850 BTC, with a total value of about $6.12 billion at current prices. Meanwhile, Strategy founder Michael Saylor once again released Bitcoin Tracker information, and the market expects that his company may disclose a new round of increased holdings this week. On the macro level, the risk of a U.S. government shutdown remains as high as 96%, but the market generally expects the Federal Reserve to cut interest rates by 25 basis points in October (probability 98.3%). Federal Reserve Chairman Powell and several governors will deliver intensive speeches this week, while the delayed release of economic data is intensifying market expectations for policy easing. In terms of precious metals, the spot gold price once rose to $4,060 per ounce, hitting a new all-time high. At the same time, Glassnode data shows that the crypto market funding rate has dropped to the lowest level since the 2022 bear market, indicating that leverage has been systematically cleared and market volatility has significantly decreased. Market opinions are diverging: trader Alex Becker pointed out that this plunge may mark the early stage of a bull market; Jan3 founder Samson Mow also believes that Bitcoin is about to start a new upward cycle. In addition, Forbes reported that U.S. President Trump may be one of the largest individual Bitcoin investors in the United States, indirectly holding about $870 million in BTC through his holding company TMTG. 4E reminds investors: signals of deleveraging and institutional accumulation are strengthening, and Bitcoin may be at the starting point of a new cycle after a mid-term adjustment. Macro and political events may become key catalysts for the market going forward.
- 06:15Dubai launches financial sector reform plan, listing virtual assets as one of its three main pillarsChainCatcher News, according to Jinse Finance, Dubai has recently launched a comprehensive financial industry reform plan aimed at propelling itself into the ranks of the world's top three financial centers. The Dubai Government Media Office stated that under the newly introduced "Dubai Financial Sector Strategy" framework, virtual assets, capital markets, and fintech will become key pillars of Dubai's future economic growth. According to the Dubai government's plan, Dubai will leverage this financial industry reform initiative to accelerate the upgrade of its already leading digital asset infrastructure and promote the transformation of traditional finance into digital financial services. The virtual asset industry was established three years ago under the UAE Virtual Asset Law, and currently contributes about 0.5% to Dubai's GDP, which is 2.2 billion dirhams (approximately 600 million USD). As the scale of the virtual asset ecosystem gradually expands, Dubai aims to increase this contribution to around 3%, or 13 billion dirhams (approximately 3.5 billion USD).
- 05:58The Central Bank of Russia hopes to use tokenization solutions to allow foreign buyers to purchase shares of domestic companies.ChainCatcher news, according to Cryptonews, the Central Bank of Russia hopes to use tokenization solutions to allow foreign buyers to purchase shares of domestic companies. Vladimir Chistyukhin, First Deputy Governor of the Central Bank of Russia, discussed this matter during a side event at a recent financial forum. When asked about the tokenization of Russian stocks, the central bank executive gave a positive response, calling it a "feasible option." However, Chistyukhin pointed out that overseas participants need to provide solutions at both the technical and platform levels. He stated: "In this area, foreign partners will play an important role. I am referring to those foreign entities interested in tokenizing Russian assets for trading overseas."