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1Bitget Daily Digest(October 11)|Trump Announces 100% Tariffs on China, Triggering Market Turmoil; Crypto Industry Liquidations Exceed $19.1 Billion in 24 Hours, Setting New Record.2Bitcoin slump may rebound up to 21% in 7 days if history repeats: Economist3US–China Tariff Fears Hit Bitcoin Treasury Stocks
Flash
- 13:47Data: Huang Licheng's ETH and HYPE long positions increase to $10.92 millionAccording to ChainCatcher, on-chain analyst @ai_9684xtpa has monitored that “Brother Machi” Huang Licheng’s ETH and HYPE long positions on the Hyperliquid platform have increased to $10.92 million. This account currently holds $740,000 in margin, with a margin usage rate of 82%, indicating further room for increasing positions. In addition, this whale still holds $960,000 in funds at his on-chain public address.
- 13:28This week, Bitcoin ETFs recorded a total net inflow of $2.7 billion.According to Jinse Finance, market sources report that Bitcoin ETF saw a total net inflow of $2.7 billions this week. In addition, Ethereum ETF also recorded a total net inflow of $488 millions.
- 13:18Tom Lee: The decline was expected, and the probability of an increase in the next week is quite high.Jinse Finance reported that BitMine Chairman Tom Lee commented on today's market flash crash on CNBC: "The decline was expected, as there has already been a 36% increase since the April low. Today, the fear index VIX once surged by 29%, which is an extreme move in the top 1% of cases. Today's drop is a decent shakeout. What I want to tell everyone is that the market is indeed a bit tense, but unless there is a real structural change, this kind of pullback is a good buying opportunity. I can't say for sure that the market has bottomed today, but we know that under the current circumstances, the returns over the next week or even a month will be pretty good. If someone asks me how the market will perform a week from now, I would say the probability of an increase is quite high."