#BTC #ETH The massive liquidation on October 11th is different from previous long position liquidations. Its impact on the cryptocurrency market will take time to manifest, and it will take a very long time, at least three months and up to six months, for market sentiment to recover. Because most retail investors' capital was completely wiped out, many institutional and large investors also suffered heavy losses. Market liquidity will become even worse, and rapid and unpredictable rises and falls will become increasingly common. It will take time for those who lost out on trading to recover their capital and regain trading confidence. Therefore, the market will be characterized by a prolonged period of decline and volatility, and it is unlikely to see record highs like in previous periods of large-scale long position liquidations.