According to @Excellion, Bitcoin’s recent price decline was driven by irrational fear over tariff threats that cascaded into mass liquidations among crypto traders and firms, rather than fundamentals, source: Samson Mow (@Excellion) on X, Oct 19, 2025. He states that upside will resume shortly and do so violently, and he advises market participants to HODL, source: Samson Mow (@Excellion) on X, Oct 19, 2025.

According to glassnode, Mantra's Realized Cap experienced a significant drop of approximately $740 million, marking a 20% decline between April 13, 18:30 UTC and April 14, 03:10 UTC. This dramatic decrease suggests forced selling or mass liquidations, which could impact trader sentiment and market strategies.