Matrixport: This "Surrender Event" is of historical significance, completely reshaping the cryptocurrency market's position distribution.

BlockBeats News, October 13th, Matrixport today published a market view stating that Trump threatened to impose a 100% tariff on China, triggering a historic crash in the crypto market. This shock coincided with a high leverage ratio and extremely optimistic sentiment in the market.

As prices fell, automatic liquidation orders on decentralized exchanges (DEX) began to cascade trigger. Due to inadequate liquidity and low trading volume, these forced liquidation orders were executed passively, further intensifying the market sell-off. At one point, the Ethereum funding rate plummeted to -39%, marking one of the most severe pullbacks in recent years, nearly wiping out excessive leverage positions in the market.

In this downturn, only a very small number of traders benefited. As volatility gradually subsides, market indicators show signs of new long positions being rebuilt. This historically significant "surrender sell-off" has completely reshaped the overall position structure of the entire crypto market.