Analysis: The crypto market correction is attributed to traditional financial factors, not an industry crisis.

According to ME News, on February 11th (UTC+8), market analysis indicated that the recent cryptocurrency market decline was a "traditional financial event" rather than an "industry crisis." Rising yen interest rates increased borrowing costs, while increased volatility led to higher margin requirements; for example, metal trading margins rose from 11% to 16%, forcing some traders to liquidate their positions. This created downward pressure on risky assets across markets, not just crypto assets. Although Bitcoin ETFs saw active trading during the market downturn, industry insiders believe this does not represent a complete withdrawal of institutional investors. Emma Lovett, Head of Market DLT Credit at JPMorgan Chase, stated that the more relaxed policy environment in the US is driving experiments to expand from private blockchains to public blockchains and stablecoin settlements, and the integration of traditional finance and crypto infrastructure is expected to deepen further by 2026. (Source: ME)