Matrixport: This "capitulation sell-off" has completely reshaped the entire crypto market's holding structure.

Jinse Finance reported that Matrixport released today’s chart, stating: “Trump’s threat to impose a 100% tariff on China triggered a historically rare crash in the crypto market. This shock coincided with a period of high market leverage and extremely optimistic sentiment. As prices fell, automatic liquidation orders on decentralized exchanges (DEX) began to trigger in succession. Due to insufficient liquidity and sluggish trading volume, these liquidation orders were executed passively, further intensifying market sell-offs. At one point, the Ethereum funding rate plummeted to -39%, marking one of the most severe corrections in recent years and almost completely clearing excessive leveraged positions in the market. Only a very small number of traders benefited from this decline. As volatility gradually subsides, market signals indicate that new long positions are likely to be rebuilt. This historically significant ‘capitulation sell-off’ has completely reshaped the entire crypto market’s position structure.”