After the October 11 flash crash, the crypto market has begun to recover some of its losses, but the full impact of the incident may take days or even weeks to fully manifest. Several industry insiders have expressed their views: 1. Edward Chin, CEO of crypto hedge fund Parataxis, expressed suspicion that news of fund liquidations or market makers suffering heavy losses will be heard in the coming days or weeks. 2. Caroline Mauron, co-founder of Orbit Markets, noted that Bitcoin's next major support level is $100,000; a break below this level would mark the end of the bull market cycle of the past three years. 3. Vincent Liu, Chief Investment Officer of Kronos Research, believes that the plunge was triggered by tariff concerns but exacerbated by excessive institutional leverage, highlighting the close connection between cryptocurrencies and the macroeconomy. (Wall Street Journal)