最新报道：According to Bijie.com, Xinhuo Technology CEO Weng Xiaoqi told the media today that after the sharp drop in the early morning hours of October 11th, major cryptocurrencies like BTC and ETH rebounded rapidly, with some even reaching new highs. Bull markets often experience sharp declines, often followed by rapid rebounds. This is a typical bull market characteristic. In contrast, bear markets are characterized by sustained declines. Amidst continued interest rate cuts and the expected release of liquidity, industry fundamentals have not reversed. Weng Xiaoqi also believes that the true scale of liquidations in this recent market crash far exceeds $20 billion, with many institutional and large investors facing liquidations and the industry facing a short-term liquidity crisis. Considerable volatility cannot be ruled out in the short term, and historically, a second bottom has not been ruled out after a sharp drop. Non-professionals are discouraged from using leverage and should always maintain respect for the market. On the other hand, Weng Xiaoqi believes there is no need for excessive pessimism. Liquidations also present opportunities for the industry, weakening the forces of repeated market manipulation. After the market consolidates and establishes a direction, the momentum may even intensify. Currently, the prices of many crypto assets have fallen below the cost of DAT companies that previously held positions. For example, BMNR's average holding price for ETH is over $4,500, while the current ETH price is around $4,100. This is a positive development for DAT companies that haven't yet established a position. The recent sharp drop stems from an overreaction to Trump's TACO diplomacy. High volatility is likely in the short term, and market risks warrant attention. However, after experiencing continued political volatility, the market will desensitize to the stress, leading to a more stable development of the industry.