In October 2025, the crypto market suffered massive liquidations exceeding $19 billion in leveraged positions, marking one of the most severe crashes in its history.
đ„ Magnitude of the Liquidations
More than $849 million was liquidated in just 24 hours, with Bitcoin and Ethereum being the most affected: BTC with $212 million and ETH with $278 million.
On October 10 and 11, a cascade of liquidations wiped out more than $19 billion in leveraged positions.
209,216 traders were liquidated, with the largest individual position being in the ETH-USDT pair at $19.2 million.
â ïž Factors that Triggered the Crash
Regulatory Uncertainty: Changes in crypto policies globally have generated anxiety among investors.
Negative market sentiment: Collective panic triggered a domino effect, intensifying selling.
Macroeconomic factors: Inflation, geopolitical tensions, and new trade tariffs have influenced volatility.
Excessive leverage: Many traders held highly leveraged positions, amplifying losses.
đ Most affected cryptocurrencies
BNB, Solana, and Cardano suffered double-digit losses, reflecting the ecosystem's fragility in the face of high-volatility events.
Bitcoin broke a 6-year bull run, suggesting bull exhaustion and a possible trend reversal.
đ§ What can be learned?
Tools like ChatGPT are being used to detect early risk signals, combining on-chain data, derivatives, and market sentiment.
Risk management and leverage reduction are key to surviving in such volatile environments.
