The cryptocurrency market is showing signs of recovery after the sudden downturn on October 11th. However, experts caution that we might not see the full impact of this event for days or even weeks. This uncertainty stems from concerns about potential news regarding fund liquidations or significant losses among market makers, as warned by Edward Chin, CEO of Parataxis, a crypto hedge fund. Caroline Mauron, co-founder of Orbit Markets, emphasized that Bitcoin’s support level at $100,000 may be crucial. A drop below this level would signal the potential end of the three-year bull market cycle she highlights. Vincent Liu, Chief Investment Officer at Kronos Research, attributed the recent market crash to tariff concerns and excessive institutional leverage, revealing the interconnectedness between cryptocurrencies and the broader economic environment.