Matrixport: This round of "surrender-style selling" is historically significant and has completely reshaped the holding structure of the cryptocurrency market

ChainCatcher news, Matrixport pointed out in its market report that Trump's remarks about imposing a 100% tariff on China triggered a historic crash in the crypto market, coinciding with high leverage and overheated market sentiment.

The report states that the price drop led to automatic liquidation orders on decentralized exchanges (DEX) being triggered in a chain reaction, further amplifying the selling pressure due to tight liquidity and insufficient trading volume. During this period, the funding rate for Ethereum briefly fell to -39%, marking one of the most severe corrections in recent years, with excessive leveraged positions in the market almost completely cleared. Matrixport stated that this round of "surrender-style selling" is historically significant, marking not only the end of the high leverage cycle but also completely reshaping the current positioning landscape of the crypto market.