$BTC The situation is looking dire, even big players like Yingtai are losing money. Ordinary people like us can only watch more and act less, waiting for the right opportunity to trade. So what is the reason for this liquidity shortage?

Imagine cryptocurrencies exploding like a domino effect!

The result is like

You borrowed 100 yuan at the vegetable market to buy 200 yuan worth of vegetables, and suddenly someone shouts "Fire!", and everyone runs out together.

In the chaos, all the stalls are knocked over, and vegetables are scattered everywhere.

The worst part is that many of the vendors (market makers) also borrowed money to set up their stalls and ended up losing everything due to the rush.

After the explosion, everyone realizes:

The borrowed money is all gone (19 billion dollars in leverage wiped out overnight)

A large number of vendors died, and those who survived are now scared to death, no longer daring to fill their stalls, fearing they will be knocked over again next time.

Now, whenever people see even a slight disturbance, they run away; no one dares to place bold orders or borrow money to trade cryptocurrencies anymore.

So now the market has turned into a "frightened and empty vegetable market":

Want to buy some coins? Sorry, there are only a few cabbages at the stall, buy a little more and the price skyrockets.

Want to sell some coins? Same story, hardly anyone dares to take over, and the price falls rapidly.

In summary:

On October 11, it wasn't just a normal drop; it completely wiped out all the "borrowed money" and "bold people" in the market at once. The remaining people are too scared to borrow money or set up stalls boldly, so the market still resembles a ghost town, plummeting dramatically at the slightest touch. This is the true reason for the liquidity shortage. #加密市场回调