On October 11th, the Crypto Assets market experienced an unexpected turmoil. In just 24 hours, the market value evaporated by 21 billion USD, impacting over 1.6 million trading accounts. This upheaval caught many investors off guard, with some even losing their entire savings.

Bitcoin was the first to suffer a heavy blow, plummeting 12% from $117,000 to below the $102,000 mark within half an hour. Other crypto assets performed even worse, with SUI dropping from $3.5 to $0.55, WLD falling over 80%, and DOGE's price halving. The entire market is shrouded in a panic atmosphere.

The main trigger for this market turbulence is the announcement by the United States to restart the trade war with China. Starting from November 1, the U.S. will impose a 100% tariff on certain Chinese goods. This news has not only affected the Crypto Assets market but has also caused turmoil in global financial markets, with significant declines in U.S. stocks, Hong Kong stock futures, and A50 index futures.

In this market storm, some suffered heavy losses, while others profited. It is reported that a mysterious whale opened a short position worth $1.1 billion with $30 million and left after netting $30 million in profit within 20 hours.

This event has brought profound lessons to investors:

1. The bull market can be a double-edged sword, presenting both opportunities and hidden risks.
2. When major news is announced, the market often has already reacted, and blindly following the trend can lead to serious consequences.
3. The importance of protecting the principal is self-evident; it is the foundation for potential future turnarounds.
4. Leverage trading carries extremely high risks, and market volatility can lead to significant losses.

To survive long-term in the Crypto Assets market, investors need to continuously enhance their risk awareness, learn trading skills, and maintain a rational and calm attitude. Only in this way can they seize opportunities and avoid traps amidst the market's ups and downs.