DWF Labs founder says BTC will recover soon from liquidations

DWF Labs founder Andrei Grachev stated on X that the recent record-breaking wave of forced liquidations was not driven by fundamental factors, such as the collapse of FTX. Instead, he attributed the event to a sudden tariff announcement that led to a cascade of leverage liquidations. Grachev added that while liquidity has been depleted, strong projects like Bitcoin will recover soon. He previously stated on Sept. 26 that this season would be the last opportunity to purchase coins at low prices.