Yesterday’s crypto crash explained with damage, how it happened, and whyWe saw the biggest crash in the history of crypto with $19.2 billion liquidated and approx $800 billion in value wiped out across the board.Altcoins were hit the hardest , with many dropping 50%or more in just hours.Prices for some tokens, like IOTX on Binance, even briefly hit zero due to the chaos.But what exactly started this crash?To break it down simply, think of it like a chain reaction in a highly leveraged game of musical chairs ...

RT Breakout (@breakoutprop)Yesterday was one of the biggest liquidation cascades in crypto’s history.Tens of billions in liquidations in minutes.Even ‘low leverage’ positions were liquidated on centralised exchanges as some altcoins reached near 0 prices.For Breakout:1. Our system, like most other venues, experienced degraded performance from the enormous volume of requests.2. We have already made significant improvements to both the trading terminal and our risk engine to handle these events better.3. Our ...

Market Overview - Crypto market experienced significant losses, with some top-tier coins down 185% in 24 hours and other old coins down 12+% [1] - Bitcoin down 75% daily and 8% weekly, Ethereum down 116% and 145% [2] - Some old coins experienced wicks down approximately 80% [3] - Crypto market correction of 24% is considered normal price action [8] Market Analysis & Prediction - The author bets on the current situation being a major correction before a significant market run-up [2] - Altcoin market retraced into major demand zones going back to 2024, with a single daily candle dropping 21+% [6] - Total crypto market experienced a $1 trillion loss [9][30] - The author believes the recent move should be the bottom for the market, otherwise, it could indicate a bear market [12][13] - The author expects the market to bottom sooner than most expect and then build back to the upside [41] Technical Indicators - RSI (Relative Strength Index) is close to bottom points, suggesting a potential bottom around current levels [12] - The VIX (Volatility Index) spiked 129%, marking the 51st largest spike ever, indicating investors are seeking protection [19] Trading Strategy & Advice - The author advises holding spot and having stable coins on the sidelines to prepare for market volatility [32] - The author advises against going "all out" and catching a falling knife, suggesting averaging in and waiting for confirmation of a bottom [36] - The author believes the selloff was exaggerated due to over $16 billion in liquidations [29]

$17B in longs liquidated and only $5.8B of that came from BTC.BTC was over ~50% underrepresented relative to the broader market in yesterday's crash.The wipeout mostly came primarily from the casino. Clearing out the dead leaves.This is extremely bullish. ...

RT Drift (@DriftProtocol)In the past 24 hours, crypto markets experienced one of the largest flushes in recent history. This was a true stress test for risk systems across the ecosystem, including Drift.Amid this extreme volatility, Drift processed over $76 Million in liquidations across both perpetual and spot markets, incurring just $18K (~0.02%) in socialised losses and maintaining zero downtime throughout.Drift’s risk engine ensured orderly markets and user protection through prudent liquidation paramet ...

Everybody got liquidated.Everyone lost money.You’re not alone in this.We’ll run it back in Q4! ...

A massive liquidation on the #Crypto markets.Time for an additional update on my #Altcoin portfolio.Any changes?Listen to the post here:https://t.co/zUEvIenTFO ...

Market Overview - Bitcoin experienced its largest liquidation event ever, with $19 billion in leveraged positions wiped out [1] - Despite the liquidation, Bitcoin remains a $2.3 trillion market cap asset [1] - Bitcoin is priced at $112,000 per $BTC [1] Future Outlook - The analysis suggests that $1 million per Bitcoin is considered inevitable [1]

Brutal! 😱Four traders were completely liquidated on #Hyperliquid during the market crash — each losing over $10M!• 0x1a67 lost $18.73M, account wiped out• 0x1d52 lost $16.43M, only $140 left• 0x0a07 lost $15.69M, only $104 left• 0xb2ca lost $13.72M, account wiped outhttps://t.co/CvUv63HRQkhttps://t.co/Lvw2Y9k2LHhttps://t.co/V30NukAeixhttps://t.co/DSxYPYKmNM ...

🚨【The largest liquidation event in crypto history】2025 Oct. 10-11In the past 24 hours, 1,618,240 traders were liquidated, with a total liquidation amount of $19.13 billion. https://t.co/ER9OxGNlNI ...