Аналитики уверены в временности обвала крипторынка и отсутствии долгосрочных последствий Translation: Analysts confident in the temporary nature of the cryptocurrency market crash and the absence of long-term consequences.

The cryptocurrency crash on October 11 is not expected to have long-term fundamental impacts, as its causes stem from a blend of technical factors, according to the authors of The Kobeissi Letter.

The market collapse triggered a cascade of liquidations, with daily volumes hitting a record $19.3 billion. For the first time in history, Bitcoin recorded a daily candle at $20,000.

Analysts attributed the decline in digital assets to «excessive leverage and risk,» as well as a statement from U.S. President Donald Trump regarding the imposition of 100% tariffs on imports from China.

Additionally, the president’s post came after traditional markets had closed, which led to reduced liquidity and created a conducive environment for increased volatility.

Experts also highlighted a significant skew towards long positions within the liquidation volumes. On most major exchanges, except for Bitfinex, the share of long positions exceeded 90%.

Furthermore, analysts observed that the market sell-off began roughly one hour before Trump’s initial threats against China. The president’s statement likely accelerated a decline that was already in motion as a result of a correction.

“We believe this crash was driven by a combination of several sudden technical factors. It does not have long-lasting fundamental implications. A technical correction was long overdue. We are confident that a trade deal will be reached and that cryptocurrency remains robust. We maintain an optimistic outlook,” they concluded.

Analysts at Santiment also believe that the reasons behind the market decline extend beyond Trump’s statement. They assert that retail traders rushed to pinpoint a singular event as the cause of the crash, which is simply indicative of “typical rationalizing behavior.”

However, experts acknowledged that trade relations between the U.S. and China will play a crucial role in shaping the sentiments of crypto traders in the short term. Positive news could enhance risk appetite, while a negative backdrop might lead to a stream of forecasts predicting «Bitcoin below $100,000.»

In the meantime, the cryptocurrency fear and greed index fell to 24 points, down from 74 just a week ago. The current figure indicates «extreme fear» in the market.

Santiment noted that the drop in Bitcoin occurred simultaneously with the stock market. During turbulent times, traders often turn to tangible assets like silver or gold, which continued to rise.

“Cryptocurrencies like Bitcoin are not immune to macro-political shocks. While many view them as alternative or fringe assets, they remain highly sensitive to risk appetite. Whether we like it or not, Bitcoin behaves more like a risk asset than a safe haven during periods of national tension,” analysts concluded.

The crash in the crypto market might actually signify an early phase of a bullish trend, according to crypto trader Alex Becker.

In his view, the sharp correction was partly triggered by «unprecedented impatience» exhibited by investors in recent weeks.

“I think selling now is probably the dumbest thing you can do,” he remarked.

Crypto analyst Benjamin Cowen also shared an optimistic view for Bitcoin, noting that digital gold has restored its dominance to 60%.

“It’s time for the next phase of Bitcoin’s growth,” stated Samson Mow, founder and CEO of Jan3.

Economist Timothy Peterson cautiously suggested in comments to Cointelegraph that cryptocurrency may enter a «cooling period,» with digital gold continuing its upward trajectory over the next three to four weeks.

“But likely at a slower pace than before,” he added.

It’s worth mentioning that CryptoQuant believes Bitcoin «maintains growth potential.» Trader Peter Brandt has pointed to a target price of $185,000. Analyst Frank Vetter anticipates that the overbought zone for the leading cryptocurrency will occur around $180,000.