dodik30 (dodik30)
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recast:farcaster://casts/0xa493cd708957892ef1ac84b1e741899c1dcbf7e693c9f68d8d195418c5e12490
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The cryptocurrency market has shown tentative signs of stabilization as October draws to a close, following a tumultuous mid-month period marked by the largest single-day liquidation event in history. On October 10-11, over $19.37 billion in leveraged positions were wiped out across more than 1.6 million traders, with smaller altcoins bearing the brunt—some plummeting 60-80%—while Bitcoin and Ethereum held relatively steady at declines of 11% and 13%, respectively. This chaos, exacerbated by escalating US-China trade tensions, erased over $150 billion from the total market cap in a 24-hour span, dragging the sector into a brief bearish funk.
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We go again
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Why is the basic concept of crypto so far off the mark? Does anyone know why?
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