Analysts analyze the impact of the flash crash on the crypto market on October 11, which may take several days or even weeks to fully manifest. Several industry insiders have expressed their views:

Edward Chin, the CEO of the crypto hedge fund Parataxis, stated that he suspects there will be news of some funds facing liquidation or market makers suffering heavy losses in the coming days or weeks.

Caroline Mauron, co-founder of Orbit Markets, pointed out that Bitcoin's next major support level is at $100,000, and falling below this level would mark the end of the bull market cycle over the past three years.

Vincent Liu, the Chief Investment Officer of Kronos Research, believes that this flash crash was triggered by tariff concerns but exacerbated by excessive leverage from institutions, highlighting the close connection between encryption currencies and the macroeconomy.