Galaxy Modifies Crypto Market Analysis Following Sudden Plunge

Cryptocurrency influencer AB Kuai.Dong revealed that Galaxy, a cryptocurrency platform, has revised its analysis on the recent market downturn in the crypto world. The platform deleted a previous tweet analyzing the event and reposted it today with a modified statement. According to XHunt, this is the first instance of Galaxy’s official Twitter account deleting a tweet in two years. Initially, Galaxy attributed the October 11th plunge to pricing errors by exchanges and sudden global macroeconomic shocks. The latest revision now points to sudden global macroeconomic shocks as the primary trigger for the cascading liquidation events that followed.