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Binance CEO Richard Teng emphasized that the October 10 decline was linked to broader macro-economic pressures rather than any issue within the crypto market or the platform itself. According to his statement, global financial reactions and policy shocks played the primary role, while crypto liquidations were significantly smaller compared to traditional markets.
The key takeaway is that what happened reflected overall market sentiment and liquidity shifts, not a crypto-specific failure. Investors are reminded that volatility can originate outside the digital asset space, and risk management remains essential in all market
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