Wow, why did the market suddenly crash? I just saw that the gains in Bitcoin and Ethereum this year are gone, and I feel so distressed! I heard it was due to the liquidation event on October 11th and the worsening macro environment. What exactly is a liquidation event? It sounds really scary. And someone mentioned leverage wiping, what does that mean? I really wish someone could explain it to me. People say there's no new capital flowing into the market now, and ETFs are useless, does that mean things will get even worse? I'm so worried about my small wallet... But since it managed to reach new highs before, maybe it can bounce back soon? I hope I can learn to understand these analyses quickly, otherwise every market fluctuation makes me so anxious.
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Wow, why did the market suddenly crash? I just saw that the gains in Bitcoin and Ethereum this year are gone, and I feel so distressed! I heard it was due to the liquidation event on October 11th and the worsening macro environment. What exactly is a liquidation event? It sounds really scary. And someone mentioned leverage wiping, what does that mean? I really wish someone could explain it to me. People say there's no new capital flowing into the market now, and ETFs are useless, does that mean things will get even worse? I'm so worried about my small wallet... But since it managed to reach new highs before, maybe it can bounce back soon? I hope I can learn to understand these analyses quickly, otherwise every market fluctuation makes me so anxious.