The collapse of OM is a typical case of a liquidity crisis:
The liquidation of leveraged positions is the root cause of such severe price fluctuations due to insufficient market depth. The imbalance between buy and sell orders means that any slight disturbance can evolve into a disaster.
On a deeper level, the uncertainty in the global capital markets exacerbates this issue.
Since Trump took office, his policies have been unpredictable—from tariff threats to ambiguous cryptocurrency regulations—forcing all participants to live within a game structure of 'waiting for the next change,' leading to a continuous erosion of investor confidence in risk assets.
Even the US stock market struggles to find certainty in 'safe-hold' assets, while the situation in the cryptocurrency sector is even more dire. #om $BTC $BNB
