温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/ur/58130.html
点击访问原文链接

Tariffs, whales, market makers: Who’s behind today’s crypto market crash? | Bee Network

进入原网站 导航首页
Tariffs, whales, market makers: Who’s behind today’s crypto market crash? | Bee Network Login ٹرینڈنگ نیوز میمی لانچ پیڈ اے آئی ایجنٹس DeSci TopChainExplorer نیوبی کے لیے 100x سکے مکھی کا کھیل ضروری ویب سائٹس اے پی پی کا ہونا ضروری ہے۔ کرپٹو مشہور شخصیات DePIN Rookies ضروری ٹریپ ڈیٹیکٹر بنیادی ٹولز اعلی درجے کی ویب سائٹس تبادلہ NFT ٹولز ہیلو، باہر جائیں ویب 3 کائنات کھیل ڈی اے پی پی شہد کی مکھیوں کا چھتا بڑھتا ہوا پلیٹ فارم AD تلاش کریں۔ انگریزی سکے ریچارج کریں۔ لاگ ان کریں ڈاؤن لوڈ کریں ویب 3 یونی کھیل ڈی اے پی پی شہد کی مکھیوں کا چھتا AD گھر•تجزیہ•مرکزی متن Tariffs, whales, market makers: Who’s behind today’s crypto market crash?تجزیہ5 ماہ پہلے更新وائٹ 17,135 19 مصنف | اشر ( @Asher_0210 )

This morning, BTC briefly plummeted by over 13%, hitting a low of $102,000 and currently trading at $112,000. ETH plummeted by over 17%, while XRP and DOGE plummeted by over 30%. For more market news, see ” A Night of Horrifying Crash: Single-Day Liquidation Reaches $19.1 Billion in History, a Wild Flow of Wealth ,” “Who Made Billions on the Brink of the Crash? What Opportunities for Instant Wealth Are Near? ” and ” The Whales Behind the Biggest Liquidation in Crypto History: Air Forces Drank Their Way, Knives Out .”

While the market generally believes that Trump’s tariff rhetoric has disrupted کرپٹو market sentiment, the magnitude of this recent altcoin plunge has far exceeded expectations. What exactly triggered this sudden and collective drop in altcoins? The following is a compilation of various analyses and perspectives compiled by Odaily Planet Daily.

Crypto KOL Phyrex: The reason for the plunge may be Trump’s tariff policy on China According to crypto influencer Phyrex, who posted on the X platform, there’s no doubt that today’s market crash was entirely caused by Trump’s tariffs on China. The market had already tacitly accepted that while relations between China and the US weren’t exactly friendly, the extended period of tariffs was still creating an ostrich effect. However, Trump’s tariff actions on Chinese exports directly tore apart a weak link in the tariff equation.

Since February of last year, every tariff issue involving China has caused a market decline, and this time is no exception. However, I have always believed that tensions between China and the United States will not escalate to a critical point. The last 125% tariff was resolved through negotiations between the two countries, so I don’t believe that the relationship between China and the United States will reverse the market trend. However, there is indeed some market panic now, which is unavoidable. I don’t know how long this situation will last, and the panic may not end yet.

Arthur Hayes: Large CEX’s automatic liquidation of cross-margin position-linked collateral triggered altcoin plunge BitMEX co-founder Arthur Hayes cited automated liquidations of collateralized cross-margin positions on large centralized exchanges (CEXs) as the cause of the recent price decline for a large number of altcoins. Furthermore, he stated that many high-quality altcoins will not experience this level of price decline again in the near term.

Primitive Ventures founder: The market crash may be caused by a large-scale liquidation of an institution on Binance Primitive Ventures founder Dovey posted on the X platform, speculating that the recent market crash was caused by a large-scale margin call on Binance by a major institution (possibly a cross-margin trading firm). While further analysis is needed, preliminary data indicates that the price of USDe on Binance plummeted to as low as $0.6, while prices on other exchanges remained relatively strong. Furthermore, there has been a significant discrepancy in trading volume between tokens listed on Binance and those not listed on the platform.

Crypto KOL Big Teacher Bugsbunny: This morning’s crypto market crash is a problem with active market makers Crypto KOL Big Teacher Bugsbunny posted on the X platform that market makers have limited funds, and this limited funds will differentiate between various projects, including Tier 0, Tier 1, Tier 2, Tier 3, and Tier 4, and the liquidity provided is different.

Tier 0 and Tier 1 projects receive the most funding, while other Tier 2 and Tier 3 projects receive a bit of extra support. After Jump’s collapse, a large number of projects fell into the hands of active market makers—in other words, unscrupulous market makers. They lacked adequate hedging awareness and likely gave little thought to tail-end hedging, considering only normal market conditions and ignoring extreme market conditions. Therefore, when Trump confirmed his intention to reimpose tariffs, there wasn’t enough funding to support all projects. Only large projects could be guaranteed to avoid problems. Funds originally intended to support smaller projects were even diverted to larger Tier 0 and Tier 1 projects. This resulted in market makers lacking sufficient funds to place orders when significant selling pressure emerged. This left them without counterparties, and prices plummeted, as happened with IOTX, plummeting to near zero.

Crypto KOL Hanbalongwang: The market crash may be due to the combined impact of USDe revolving loans, doubling of margin leverage, and Trump’s trade war, causing heavy losses for market makers. Crypto influencer Hanba Longwang posted on the X platform that the recent market crash may be due to the 12% subsidy on USDe. Many market users engaged in USDe revolving loans. Due to the impact of Trump’s trade war, USDe was hit by a premium, leading to the liquidation of USDe revolving loans and further declines in USDe. Furthermore, some whales and market makers used USDe as margin in contracts. Due to the USDe depegging discount, their leverage inexplicably doubled, ultimately causing even a 1x long position to be liquidated. This triggered a chain reaction, leading to a rapid decline in the prices of small altcoin contracts and a rapid or even doubling decline in USDe, ultimately causing heavy losses for market makers.

Crypto KOL Dachengzi: WBETH, BNSOL and other contract margins should not be read into spot trading pair prices, and the stampede decline could have been avoided. According to a post by crypto influencer Dachengzi in the community, he previously mentioned the WBETH risk control issue during a Binance Square options livestream. His main point was that since Binance already allows WBETH and BNSOL to be used as contract margin, there should be no need to read the price index of the spot trading pair and the exchange rate could be fixed at 1:1.

The reason is simple—both assets are essentially internal to the Binance ecosystem, allowing Binance to mint and burn them. If a problem arises, the risk can be mitigated simply through a redemption cycle. Last night’s “stampede-like” decline could have been completely avoided.

Crypto KOL Huang Dao: A bug in Binance’s market-making mechanism may have caused the entire crypto market to collapse. Crypto KOL Huang Dao posted on the X platform that the culprit behind today’s market crash may be a bug in Binance’s market-making mechanism. Almost all altcoins on Binance experienced an unusually sharp drop after 5:18 AM, causing other exchanges to follow suit. Comparing SUI, Binance and Coinbase were both trading at $2 before 5:17 AM. Starting at 5:18 AM, Coinbase began to rebound, while Binance began to plummet, with a maximum drop of 82%, while Coinbase’s maximum drop was only 38%, followed by unusually large fluctuations.

What is even more telling is that the PAXG gold contract also began to plummet abnormally at 5:18, while the gold contract was in a closed state during this period and did not fluctuate. This shows that there was an abnormality in the Binance market-making mechanism at 5:18, and all varieties experienced an abnormal plunge.

یہ مضمون انٹرنیٹ سے لیا گیا ہے: Tariffs, whales, market makers: Who’s behind today’s crypto market crash?Recommended Articles

Related: The Chinese gang behind Trump’s cryptocurrency projectRecommended Articles In 298 BC, Lord Pingyuan of Zhao State had 3,000 retainers. Mao Sui alone was able to debate with many scholars in the court of Chu State and win a chance for the survival of Zhao State. More than two thousand years later, on September 1, 2025, a token called WLFI was launched on a global trading platform. A trans-Pacific Chinese capital network is supporting the digital empire of the American presidential family. Behind this project, valued at $40 billion, stands a group of modern-day “hangers.” There’s a Chinese billionaire who invested $75 million, a trading platform founder seeking a presidential pardon, a stablecoin expert deeply rooted in the Asian market, and an Eastern power said to be capable of “booming the Trump family’s fortunes, but also plunging them into…

# تجزیہ# کرپٹو# ایکسچینج# مارکیٹ# ٹوکن© 版权声明صف 上一篇 20 billion liquidation day: How did the dominoes of "revolving loans" fall? 下一篇 Weekly Editor's Picks (1004-1010) 相关文章 SignalPlus Macro Analysis Special Edition: October Rally 6086cf14eb90bc67ca4fc62b 22,548 2 Kyle Criticizes Hyperliquid, Arthur Hayes Responds with a $100K Bet 6086cf14eb90bc67ca4fc62b 7,531 1 Gemini’s first earnings report since its IPO: Revenue increased but profit declined, and stock price hit a record low. 6086cf14eb90bc67ca4fc62b 15,419 1 24H Hot Coins and News | Jun Ji-hyuns husband lost 15 billion won in cryptocurrency trading and became a hot topic; US V 6086cf14eb90bc67ca4fc62b 30,280 4 Lessons learned from the $180 million investment: The current entry point for Web3 is not social networking, but the wallet. 6086cf14eb90bc67ca4fc62b 17,164 5 Review of Binance Alpha Phase 3 projects: many tokens started to rise before the news was released 6086cf14eb90bc67ca4fc62b 45,156 1 کوئی تبصرہ نہیں آپ کو ایک تبصرہ چھوڑنے کے لیے لاگ ان ہونا چاہیے! فوری طور پر لاگ ان کریں۔ کوئی تبصرہ نہیں... Bee.com دنیا کا سب سے بڑا Web3 پورٹل شراکت دار سکے کارپ بائننس CoinMarketCap سکے گیکو سکے لائیو آرمر Bee Network APP ڈاؤن لوڈ کریں اور web3 کا سفر شروع کریں۔ سفید کاغذ کردار عمومی سوالات © 2021–2026۔ جملہ حقوق محفوظ ہیں۔. رازداری کی پالیسی | سروس کی شرائط Bee Network APP ڈاؤن لوڈ کریں۔ اور ویب 3 کا سفر شروع کریں۔ دنیا کا سب سے بڑا Web3 پورٹل شراکت دار CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors سفید کاغذ کردار عمومی سوالات © 2021–2026۔ جملہ حقوق محفوظ ہیں۔. رازداری کی پالیسی | سروس کی شرائط تلاش کریں۔ تلاش کریں۔InSiteآنچینسماجیخبریں 热门推荐: ایئر ڈراپ ہنٹرز ڈیٹا تجزیہ کرپٹو مشہور شخصیات ٹریپ ڈیٹیکٹر اردو English 繁體中文 简体中文 日本語 Tiếng Việt العربية 한국어 Bahasa Indonesia हिन्दी Русский اردو

智能索引记录