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    Something broke for crypto in October, data shows how the market changed

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    16 Comments

    1. coinfeeds-bot on

      tldr; In October, the cryptocurrency market experienced a significant shift due to a combination of macroeconomic shocks, liquidity issues, and leveraged market dynamics. A major event on October 10, triggered by Trump’s tariff announcement, led to panic selling, a liquidity drought, and the largest liquidation event in crypto history, wiping out over $19 billion in leveraged positions. This ‘Great De-Leveraging’ caused thinner liquidity, cautious trading, and a weaker market structure, leaving the market in a more fragile and cautious state.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    4. 6DeliciousInches on

      Are we sure something broke? This is only the 11th article detailing it, maybe now we know something broke. There’s no way we could’ve told something broke by watching 200 billion dollar market cap alt coins go down 65% in minutes.

    5. SeemoarAlpha on

      Liquidity in crypto has always been illusionary. When you eviscerate leveraged gamblers often enough, they leave the casino and the liquidity charade gets harder to maintain by the exchanges.

    6. Skeewampus on

      The crypto wanted all the things . . . ETFs, hedge funds, high leverage, retail traders. The problem is bitcoin isn’t regulated like most markets. The whales and sharks joined the crypto game and they have been having a bit of fun moving the market around for their profit.

    8. MaximumStudent1839 on

      What changed is probably a lot of funds lost money on leverage and now they have turned bearish in hope for negative momentum to improve their fortunes.

      It is not a coincidence CT all just spam negative sentiment in a such coordinated fashion and for selective tokens. The funniest thing is, all these clowns were more bullish the Plasma ponzi a month ago than they are bullish now on BTC.

    9. User45677889 on

      Did people actually think the infinite money machine was a thing? Nobody is ever going from rags to riches with BTC again. Except maybe a hacker.

    10. Advanced-Summer1572 on

      Not a surprise. The Institutional Investors went discount shopping and there were a lot of disappointed hobbyists throwing their futures on the market.

      The next ten years are going to be epic!
      Happy Holidays! The big boys are now playing.

      HODL.

    14. flying_cactus on

      This is a well written article. I believe what is happening now is giving the smaller crypto projects more leverage and taking it away from the exchanges and market makers that have been acting like cartels and gating crypto projects from growing and getting listed.

      We can go back to the fundamentals and incentivize crypto projects to actually develop real world use cases and solve real problems. These projects will bring back organic demand and volume.

      Exchanges who are suffering from scarce volume (as a result of what the article is saying) need to stop charging projects hundreds of thousands of dollars and tokens to be listed. The tokens and their use cases will bring volume to the exchanges, which is how we used to operate.

    16. neocbax on

      Like a good beaten wife in a toxic relationship those affected by the whales & sharks will come back willingly.

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