[Community Members Analyze the Cause of Liquidity Vacuum on October 11] Community member @agintender stated that the market's 'liquidity vacuum' on October 11 might have been triggered by a chain reaction caused by high-leverage liquidations, rather than platform anomalies or liquidity withdrawal. The analysis suggests that under extreme leverage, the collateral value of large players and market makers declined simultaneously, creating liquidation pressure on both spot and contract positions. Liquidation bots executing continuous market orders exacerbated the price slump. After major market maker accounts were force-liquidated, the order book lost support, resulting in a liquidity vacuum. Reportedly, the contract insurance fund for the ATOM trading pair alone incurred a loss of approximately $150 million on that day.