As the cryptocurrency plummeted, a well-known trader in Ukraine suspected of committing suicide: he was shot in the head and died on the spot

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On October 11, local time, a 32-year-old cryptocurrency trader and Internet celebrity Konstantin Galic in Ukraine was found dead in his car after the market crashed.
According to reports, according to preliminary investigations, Galic was shot in the head and died on the spot. A registered firearm was also found at the scene. The police have currently initially characterized the incident as a suspected suicide, and the cause of death is still under further investigation.
A police statement said that before his death, Galic told his family that he was depressed due to financial difficulties and sent farewell messages to relatives. It is reported that Galic is a well-known figure in Ukraine and the international cryptocurrency circles. He has co-founded an online transaction teaching platform and is famous for his detailed comments on the cryptocurrency market. By analyzing videos and posting posts, he has accumulated more than 68,000 subscribers on an overseas social platform. Galich's social platform content often explores blockchain trends and market psychology, and has become an important learning resource for many new investors.
Galic's death attracted outside attention.Reported that his death coincided with the most serious one-day crash in the cryptocurrency market in five years. Although a direct link between Galic's financial health and market declines has not been confirmed, the time of his death almost coincides with a period when traders generally experienced extreme volatility and huge losses.
According to statistics from data platform Coinglass, from October 10 to October 11, the global cryptocurrency market clearing scale has exceeded US$19 billion, the largest wave of forced liquidations since April this year. In the early morning of October 11, Bitcoin once fell more than 13%, falling below the US$110,000 mark, and the latest report was US$113700 per piece. Mainstream tokens such as Ethereum, Solana, Ripple and Dogecoin fell even more significantly, falling by about 14% to 30% respectively.