TechFlow news, October 12 — According to Wall Street Insights, after the "October 11 flash crash," the crypto market has begun to recover some ground, but the full impact of the event may take days or even weeks to fully emerge. Several industry insiders shared their views:
1. Edward Chin, CEO of crypto hedge fund Parataxis, said he suspects there will be news of funds blowing up or market makers severely impacted in the coming days or weeks.
2. Caroline Mauron, co-founder of Orbit Markets, pointed out that Bitcoin's next major support level is at $100,000, and a break below this level would mark the end of the three-year bull cycle.
3. Vincent Liu, CIO of Kronos Research, believes the sharp decline was triggered by tariff concerns but exacerbated by excessive institutional leverage, highlighting the tight link between cryptocurrencies and macroeconomic factors.
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