October 11th is one of the main reasons for the liquidity crisis today, and it can be said that the damage it caused to the crypto world is extremely severe in history. This is not only a financial liquidation but also caused many retail investors to lose trust and become skeptical of the crypto space. Many large traders and market makers experienced liquidations on that day, and some people were deeply trapped, with only retail investors choosing to withdraw and observe. Even if new retail investors enter later, they are only willing to invest in Bitcoin and Ethereum. It is no exaggeration to say that the prospects for altcoins are already quite bleak.

If we want to change this situation, exchanges, market makers, and project teams need to work together to rescue the market. In short, it is about pulling funds to create buying pressure, so retail investors see hope and re-enter. However, now exchanges and market makers are already making substantial profits and are unwilling to invest more funds to help retail investors recover. The wave on October 11th was like a waterfall; although they realized the potentially catastrophic consequences, they still chose to act. They do not care whether retail investors still participate. In the future, the crypto market may only be left with market makers, listed companies, and large traders, who will focus on the battle for mainstream coins, while retail investors will essentially be phased out of this market.