X @Michaël van de Poppe

Market Crash Reasons - Potential bankruptcy of a large prop firm/market maker (MM) on October 10th, leading to position sell-offs [2] - Similar market behavior observed during the FTX collapse [2] - Market irrationality contributing to price volatility [2] Crypto Market Factors - Rising Japanese 10-year government bond yields negatively impacting crypto assets like Bitcoin and Altcoins [3] - De-risking Acceleration Token (DATs) unwinding based on current Bitcoin valuation exacerbating the market decline [3]