Crypto markets are experiencing extreme market conditions! BTC and ETH both saw their maximum drop exceed 12% within 30 minutes.

The crypto market experienced another period of extreme volatility last night. In just thirty minutes, between 04:50 and 05:20 on October 11th, Bitcoin (BTC) plummeted, dropping as much as 12.7% to a low of $102,000.00. Ethereum (ETH) also fell, plummeting as much as 14.3% in the space of half an hour to a low of $3,435.00, a more drastic decline than Bitcoin.

This sudden price correction quickly garnered widespread market attention, with some analysts suggesting it may be related to short-term liquidity tightening or forced liquidation of large positions.

Although market sentiment subsequently improved slightly, leading to a price rebound, as of press time, BTC was trading at $108,551.91, still down 11.89% over the past 24 hours; ETH was trading at $3,650.27, down 12.7% over the past 24 hours, and the overall market remained in a correction range.

This sharp drop once again highlights the high volatility of the crypto market, and also reminds investors that while pursuing returns, they need to pay close attention to risk control and position management.