TechFlow news, October 13: Matrixport released a chart today stating, "Trump's threat to impose 100% tariffs on China triggered a historic crash in the crypto market, an event that coincided with high market leverage and extremely optimistic sentiment.
As prices declined, automated liquidation orders on decentralized exchanges (DEX) began triggering chain reactions. Due to insufficient liquidity and low trading volume, these liquidations were passively executed, further intensifying market sell-offs. At one point, Ethereum's funding rate plunged to -39%, marking one of the most severe pullbacks in recent years and nearly eliminating excessive leveraged positions in the market.
Only a small number of traders benefited from this downturn. As volatility gradually subsides, market signals suggest potential for rebuilding new long positions. This historically significant 'capitulation sell-off' has completely reshaped the entire cryptocurrency market's position landscape."
