Core Insights - The October 10 flash crash in cryptocurrency markets was attributed to a macro shock combined with high leverage and reduced liquidity, rather than issues within Binance's trading systems [1] - Global markets were already under pressure from trade-war headlines, which contributed to the vulnerability of crypto markets [1] Market Conditions - At the time of the crash, open interest in bitcoin futures and options exceeded $100 billion, creating a scenario for forced deleveraging as prices began to decline [2] - The selloff led to a self-reinforcing cycle where market makers activated automated risk controls, further reducing liquidity in order books [3] Impact on Markets - The U.S. equity markets experienced a loss of approximately $1.5 trillion on the same day, with the S&P 500 and Nasdaq recording their largest one-day declines in six months [4] - Binance reported that around $150 billion in systemic liquidations occurred across global markets during the crash [4] Blockchain and Transaction Issues - Ethereum gas fees surged above 100 gwei, causing blockchain congestion that slowed transfers and limited arbitrage opportunities, which exacerbated price gaps and fragmented liquidity [5] Binance-Specific Incidents - Binance acknowledged two specific incidents during the crash but clarified that these did not cause the broader market movement. The first incident involved a slowdown in its internal asset-transfer system, affecting transfers between accounts [6] - The second incident was related to temporary index deviations for certain assets, which occurred after most liquidations had already taken place, attributed to thin liquidity and delayed rebalancing [7] Compensation and Methodology Changes - Binance implemented changes to its methodology and compensated affected users with over $328 million, launching additional support programs to stabilize impacted participants [8] - Approximately 75% of the day's liquidations occurred before the index deviations, indicating that the initial macro shock was the main driver of the market movement [8]

Hey hey, intern here 👋I just checked the liquidations dashboard and... damn!$1.71B liquidated in 24 hours 📉Are you guys okay? Did you survive this flush?Friendly Remember: Leverage is the fastest way to get rich or rekt if you don't have proper risk management.Stay safe out there! ...

Market Overview - The Bitcoin market experienced a significant downturn, with Bitcoin dropping to $81,000, leading to a rapid liquidation of over $1.68 billion in leveraged positions in a single day [1][2] - Approximately 267,000 accounts were liquidated, with long positions constituting about 93% of the losses, indicating a concentrated risk across trading venues [2][3] Liquidation Dynamics - The liquidation event was primarily driven by leverage snapping under its own weight rather than panic selling, with Bitcoin absorbing around $780 million of the losses and Ethereum about $414 million [2] - Major exchanges like Hyperliquid, Bybit, and Binance saw significant forced closures, with Hyperliquid leading at approximately $598 million in liquidations [3] Market Sentiment and Future Outlook - There is growing concern that potential new buyers may no longer afford Bitcoin, as some demographics, particularly Gen Alpha, view holding Bitcoin as a status symbol [2] - The total crypto open interest fell sharply alongside the selloff, indicating that leverage was flushed out of the market rather than rotated, with funding rates having been persistently positive before the drop [4] Impact on Related Companies - The crash had immediate repercussions for companies linked to Bitcoin, with firms like MicroStrategy and Bitmine Immersion Technologies seeing stock drops of nearly 10% [5] - MicroStrategy's stock is currently valued lower than its net asset value, which is approximately $73.62 billion, suggesting potential for recovery if the company avoids liquidation [6]

RT Breakout (@breakoutprop)$785M liquidated in 24 hours.Your maximum loss when trading your own funds is unlimited.And if you have a small balance, you’re more likely to use too much leverage to get a meaningful position size.Prop trading helps with this:1. There are no liquidations. You need to manage your drawdown, that’s it.2. You don’t need to risk as much per trade because your balance is bigger. Even 0.5% risk on a $100,000 account can generate significant payouts.3. If you’re wrong, you only lose the ...

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The #ETHMegaBear(0x20c2) has racked up over $80.9M in profits by shorting $ETH — absolutely insane!This trader has been shorting $ETH on #Hyperliquid since 2024, consistently using max leverage (previously 50x, now 25x).He currently holds a 30,582 $ETH($88.9M) short.https://t.co/F0llkvpLQc ...

noon capital's susn just got 86% ltv on morpho. that's 7x leverage on 10% base yield for 29% net apy. morpho doesn't list random stables, they manage $2b and only accept bluechip collateral. vesu launched a pool today too. two selective protocols integrating a $21m tvl project in january means they see something the market hasn't priced yet ...

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Coinbase Institutional and Glassnode report that Bitcoin is entering a more stable, resilient phase. The Q4 2025 drawdown largely flushed out excess leverage, reducing the market's sensitivity to cascading liquidations and improving its ability to withstand macro shocks. Institutions now favor options hedging over high-leverage futures, while on-chain data indicates long-term holders are redistributing rather than panic selling. https://t.co/HdOPdO16qA ...

RT jez (equity perps era) (@izebel_eth)@veH0rny its not that options are that hard, its that if ur tardfi punter on robinhood ur options for delta levg are either 1.2x on margin or 1000x on fd (otm weekly calls)brypto we have perps, perps solve high levg, much much better ux than optionsrobinhood doesnt even show IV lmao ...