Liquidity contraction: When core risk assets like the Nasdaq start to plummet, global funds' "risk control instructions (Margin Call)" will immediately come into effect. They will sell the most liquid assets (ETH/BTC) at any cost to replenish the margin in the stock market.

Illusion of safety shattered: Retail investors who were just fantasizing about the benefits of a trade war for safety will see the Nasdaq crash and immediately fall into panic. Panic is unquantifiable; it will only lead to bottomless sell-offs. $ETH #加密市场观察 #爆仓了

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