Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Analyst: This market crash does not imply a long-term bearish outlook or fundamental deterioration

Analyst: This market crash does not imply a long-term bearish outlook or fundamental deterioration

PANewsPANews2025/10/13 05:48
Show original
By:PANews

PANews, October 12—According to Cointelegraph, investment analyst Kobeissi Letter stated that Friday's sudden market crash caused some cryptocurrencies to plunge by 95% in less than 24 hours, but this does not indicate a long-term bearish outlook or a deterioration in fundamentals.

The analyst wrote that Friday's market crash was triggered by a series of short-term factors, including "excessive leverage and risk," as well as U.S. President Donald Trump announcing a 100% tariff on China. There was a significant long bias in the market, with long positions liquidated amounting to $16.7 billion, while short positions liquidated were only $2.5 billion, a ratio close to 7:1.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Dragonfly Partner’s heartfelt essay: Reject Cynicism, Embrace Exponential Thinking

The industry's focus is shifting from Silicon Valley to Wall Street, which is a foolish trap.

Chaincatcher2025/11/28 20:23
Dragonfly Partner’s heartfelt essay: Reject Cynicism, Embrace Exponential Thinking

Vitalik's 256 ETH Bold Gamble: Privacy Communication Needs More Radical Solutions

He made it clear that neither of these two applications is perfect, and there is still a long way to go to achieve true user experience and security.

Chaincatcher2025/11/28 20:23
Vitalik's 256 ETH Bold Gamble: Privacy Communication Needs More Radical Solutions