On October 11, 2025, the Crypto Assets market experienced an unprecedented turmoil. In the early hours, the amount of Get Liquidated within 24 hours exceeded 19.1 billion USD, affecting over 1.6 million traders, setting the highest record in ten years of Futures Trading.

The sudden market turbulence stems from the sharp deterioration of Sino-U.S. trade relations. The U.S. government announced that starting November 1, it will impose a 100% tariff on Chinese goods, and this news hit like a bombshell, triggering a chain reaction in the crypto market.

Various Crypto Assets were not spared and faced a massive sell-off. Larger market cap tokens like SUI plummeted from $3.5 to $0.55, while AI-related WLD dropped from $1.4 to $0.26. Even well-known tokens in the top ten by market cap, such as Dogecoin, experienced a decline of about 50%. Smaller market cap tokens faced catastrophic hits, with many close to zero.

This incident once again highlights the high volatility of the Crypto Assets market and its sensitivity to the global economic and political situation. Investors need to remain vigilant, as the market can experience drastic fluctuations at any time. At the same time, this has also sparked deep reflections on the regulation and risk management of the Crypto Assets market.

Despite the market suffering a heavy blow, some analysts believe this may provide long-term investors with an opportunity to enter at a low price. However, it is still necessary to carefully assess market risks and individual risk tolerance before making any investment decisions.

In the face of such intense market volatility, the resilience of the Crypto Assets ecosystem will be tested. In the coming weeks, market participants will closely watch the reactions from all parties, as well as any potential regulatory measures that may be introduced. Whether this storm will reshape the Crypto Assets landscape remains to be seen.