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‘Uptober’ Saw Crypto’s Biggest Liquidation Ever, Yet Analysts Call It a ‘Small Miracle’ – Bulls Win?
Yahoo Finance· 2025-10-15 10:38
Bitcoin survived crypto’s largest liquidation event in history with October (Uptober) still holding positive territory, prompting analyst Scott Melker to call it “a small miracle.” The $21 billion deleveraging event wiped out leveraged positions across the top 100 assets, yet Bitcoin trades around $113,000 after briefly touching $102,000 during Friday’s crash triggered by escalating U.S.-China trade tensions. Melker wrote on Tuesday that despite expecting “October to be deep in the red” after the historic ...