From 02:45 to 03:00 on March 8, 2026 (UTC), ETH prices fluctuated sharply within the range of 1,936.0 to 1,969.18 USDT. The 15-minute candlestick yield was -1.36%, with an amplitude of 1.68%. The short-term downtrend intensified, market attention significantly increased, trading activity was high, and panic sentiment dominated. The main driver of this anomaly was the widespread decline in global risk assets and escalating extreme panic sentiment. Major US stock indices experienced a sharp pullback, and the VIX fear index soared to 29.49 (+24.17%), leading to

Wintermute founder Evgeny Gaevoy stated that public figures should speak carefully, believing that the market volatility on October 10 was caused by macro news triggering a liquidity crunch with high leverage flash crash, rather than a software malfunction. He pointed out that looking for a scapegoat is not honest.

Wall Street banks are preparing to cope with pressure in the money markets, and the Federal Reserve may consider taking measures to rebuild its liquidity buffer. Policymakers will meet this week to discuss policy issues following the reduction of the balance sheet, and the market is looking to Powell for clues on possible actions.