📉 【10.11 】Black Swan Attack! Trump’s 100% Tariff on China Triggers Epic Get Liquidated, $19.1 Billion Vanished Across the Web

Last night was supposed to be a night of celebration for "Uptober", but it was completely shattered by a black swan. Trump announced on social media that starting November 1, there will be a 100% tariff increase on China, instantly triggering a panic sell-off of global risk assets. How brutal is this massacre?

· Bitcoin plummeted from a high of $122,000 to $101,500, a drop of over 16%.
· Ethereum has fallen below the $4000 mark, with a 20% fluctuation at 5 o'clock.
· The entire network got liquidated $19.1 billion, with 1.6 million people liquidated, setting the darkest record in the ten-year history of cryptocurrency.

🔥 The Triple Strangulation Behind the Bloodbath

1. Tariff Black Swan: Trump's 100% tariff policy + government shutdown + consumer confidence collapse (Michigan index drops to 55), forming a macro nuclear explosion.
2. High Leverage Massacre: A certain whale opened a short position of 1.1 billion dollars with a principal of 30 million dollars, accurately taking profit and exiting with 30 million at the peak of the crash. Meanwhile, more retail investors collectively got liquidated for 7.5 billion dollars within 60 minutes.
3. Altcoin Extinction: SUI plummeted from $3.5 to $0.55, WLD crashed from $1.4 to $0.26, Dogecoin halved, and small-cap tokens are basically going to zero.

🧭 Should we be fearful or greedy now?

Bullish camp (approximately 60%):

· "Similar to the mining ban incident in October 2021, a panic sell-off will be followed by a six-month bull market"
· Key Support: BTC 114k-118k / ETH 4200, if maintained, a rebound is expected.

Short Sellers (approximately 30%):

· "If the top is confirmed, BTC may drop another 35-50%, altcoins may go extinct"
· Be wary of SOL breaking down from high levels and ETH's double top failing, indicating a deterioration in technical indicators.

💎 Survival Guide

History tends to repeat itself — after the crash on 3·12 and the Terra crash, the market reached new highs, but this time it requires:

1. Stop Leverage: The Lesson of a Historical Peak Get Liquidated of 11.9 Billion
2. Focus on macro: Will the tariffs take effect on November 1?
3. Hold Spot: Only spot can survive to the next dawn in extreme volatility.

#美联储降息预期升温
The above personal views do not constitute investment advice.

How are you guys doing? Did you buy the dip or cut your losses?