U.S. stocks plunge in an avalanche-style decline—where will mainstream crypto assets go from here? An overview of on-chain liquidation walls and key traders' movements.

BlockBeats news, November 6th - Yesterday, the US stock market experienced an avalanche-like decline, and AI trading completely cooled down. Affected by this, danger and opportunity coexist in the crypto market. On one hand, crypto is dragged down by US stocks, and institutional selling pressure may shift to crypto assets. On the other hand, crypto has already adjusted ahead of US stocks, showing strong resistance in this round of decline. Coupled with cyclical factors, there are no visible bearish factors in the future market. Therefore, the trend of mainstream crypto assets in this sensitive environment is quite delicate.

This article will analyze on-chain liquidation walls and whale address movements to gain insight into the future direction of the crypto market.