Renowned macro expert Raoul Pal shared insights on the crypto market crash in October, highlighting a shift in trading dynamics due to a structural liquidity failure. The market exhibited a change in behavior, but Pal emphasized that the long-term Bitcoin (CRYPTO: BTC ) outlook remains intact. In a discussion with trader Michael van de Poppe, Pal explained that the market experienced a significant decrease in liquidity as market-maker APIs faltered. The crash was attributed to the failure of structural mechanisms, such as leverage and smart contract-triggered liquidations, rather than fundamental issues. This event on Oct. 10 showcased how market structure played a crucial role compared to previous occurrences. Visit a financial news platform for the full article.