This wave of suspension lasted from October 1 to November 13, for a total of 44 days, directly breaking all records for suspensions in American history! The withdrawal of macro liquidity has also simultaneously pushed the cryptocurrency circle into the most intense and deep liquidation cycle of this round — Lao K will show you how harsh this wave of 'blood washing' is!
1. The amount of forced liquidations has refreshed history, with six months of chips cleared in one month.
The amount of forced liquidations over the past month is directly equal to the total of a normal cycle over six months! Market leverage has been continuously 'emptied' three times, whether long or short, all have been indiscriminately minced, and no one can remain unscathed; liquidation orders are flooding in like snowflakes.
2. ETH saw a one-sided plunge of 29%, with on-chain forced liquidation reaching a three-year high.
$ETH plummeted from $4355 to $3057, with a one-sided decline of over 29%! On-chain forced liquidation density has reached its highest scale since 2022, with both derivatives liquidation volume and options IV (implied volatility) exploding, and many bulls have been repeatedly pressed into the ground.
3. Altcoins collectively face a 'destructive correction,' with nearly all lines halved.
The entire market mainstream altcoins have fallen below the initial offering price (IFO/IDO), with a large number of tokens' FDV (Fully Diluted Valuation) directly returning to the 'pre-financing range.' The entire altcoin sector has suffered a devastating blow, with many coins being halved and then halved again, and even experiencing a zero-down effect, trapping retail investors who attempted to bottom out.
4. BTC concept stocks were hit hard, with market values falling below the book value of BTC.
The stock market has not been spared, with several 'Bitcoin strategic reserve companies' in the US stock market seeing their market value cut in half. What’s even more heartbreaking is that some companies' market values have already fallen below the BTC value they hold on their books. The 'BTC standard business model' has faced a systemic valuation crisis for the first time, and the chain reaction has affected the entire cryptocurrency ecosystem.
This wave of suspension has triggered a liquidity crisis, leading the cryptocurrency circle through an unprecedented cleansing. Now that the suspension has ended, whether liquidity will flow back and if the market can stop the decline and rebound remains to be seen, with old K continuing to monitor the situation. The current market remains perilous, and everyone must control their positions and operate cautiously, avoiding blind bottom fishing.#美国结束政府停摆 #美国政府停摆 #加密市场回调
