Matrixport: This "Capitulation selling" is historically significant and will completely reshape the crypto market Holdings.

On October 13, Matrixport released a market outlook stating that Trump threatened to impose a 100% tariff on China, triggering a historic crash in the crypto market, coinciding with a time of high market leverage and extreme optimism. As prices fell, automatic liquidation orders on the decentralized exchange (DEX) began to trigger in succession. Due to insufficient liquidity and low trading volume, these close position orders were passively executed, further exacerbating the market dumping. At one point, the Ether funding rate plummeted to -39%, marking one of the most severe pullbacks in recent years, nearly clearing excessive leveraged positions in the market. During this decline, only a few traders benefited. As volatility gradually subsides, market signs indicate that new long positions are likely to be rebuilt. This historically significant "capitulation dumping" has completely reshaped the holdings landscape of the entire crypto market.