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Analyst who called the 2022 crypto crash warns of new ‘black swan’
Yahoo Finance·2025-10-11 15:51

Core Insights - The recent crypto market crash is viewed as a potential precursor to a more significant downturn, with altcoins experiencing historic capitulation while major cryptocurrencies like Bitcoin have not fully corrected [1][6] - The announcement of 100% tariffs on China by Donald Trump has triggered a risk-off sentiment among global investors, leading to a sell-off in risky assets such as cryptocurrencies [2][4] Market Performance - Bitcoin's price dipped to as low as $102,000 on futures markets, while spot markets briefly fell below $110,000; major altcoins like Ethereum, Solana, XRP, and Dogecoin saw declines between 15% and 30% [3][10] - Over $19.3 billion in crypto positions were liquidated in a single day, marking one of the largest wipeouts on record, with long positions accounting for over 85% of the losses [10] Future Outlook - The market is expected to experience a brief consolidation before further downside as liquidity returns, with the potential for prices to revisit flash-crash lows [6][9] - Capo of Crypto, known for accurate market predictions, suggests that structural issues in legacy markets could lead to short-lived global disruptions, impacting investor confidence [4][7]