PANews reported on October 13th that Matrixport's chart today indicated that Trump's threat to impose 100% tariffs on China triggered a historic crash in the crypto market, which coincided with high leverage and extremely bullish sentiment. As prices fell, automatic liquidations on decentralized exchanges (DEXs) began to trigger a chain reaction. Due to insufficient liquidity and low trading volume, these liquidation orders were passively executed, further exacerbating the market sell-off. At one point, Ethereum's funding rate plummeted to -39%, one of the most severe corrections in recent years, nearly wiping out excessively leveraged positions in the market. Only a very small number of traders benefited from this decline. As volatility gradually receded, market signs indicated that new long positions were likely to be re-established. This historic "capitulation sell-off" completely reshaped the entire crypto market's position structure.