🤯📉 Bitcoin Apocalypse! October 10th’s Shockwaves Revealed 🤑💥

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As if ripped from the pages of a Gorky novel, CoinGlass beckons our attention to the immense calamity that befell the Bitcoin and crypto market in 2025. The most notorious chapter unfolded on October 10, an unruly beast in market history, heralding a thousand uncharacteristic liquidations.

Behold the Most Peculiar Inflation of Bankruptcies in 2025

In an annual report by the jestful CoinGlass, the tumultuous act of forced liquidations reached a staggering sum of approximately $150 billion. On a day-to-day basis, the sordid affair averaged out to somewhere between $400 and $500 million, a ludicrous routine coined as “leverage washing.” Most trading floors, perhaps begrudgingly, limped through with liquidations numbering merely in the tens and hundreds of millions, barely causing a ripple in the Bitcoin seas and the grand crypto empire.

Nevertheless, the gales of systemic stress were, as if by some cruel deity, funneled into a handful of extreme days. October 10 stood cloaked in infamy: a deleveraging masquerade of epic proportions where the liquidations soared to a dizzying height, with short and long liquidations colliding at the formidable cliffs of $19 billion.

Bitcoin chart from CoinGlass

Mark that episode as the Everest of the Bitcoin chronicles, overtopping the most daunting of previous liquidations. CoinGlass, with their discerning eye, hints that the figure might have blushed higher than $19 billion, considering the lag in platform disclosures and market whispers. Thus enters the tales of an alchemical guess, inflating actual liquidations to a fantastical $30-$40 billion – a bizarre increase compared to the April 18, 2021 oddity.

Indeed, that prior uproar smacked of imbalance, with long positions greedily gorging themselves, accounting for 90% of total calamity. Before the chaos of this day, BTC and derivatives were akin to a wobbly tower of dominos, packed to the brim with “long” hopes.

The October 10 Catastrophe: A Play in Three Acts

According to the sagacious CoinGlass, it was commencement when the commander of the mighty Western land announced tariffs of an absurd 100% upon goods from distant China. A prophecy of trade wars resurrected, sending traders scurrying to safety in traditional havens.

Yet, beyond this herald of doom, the rot had seeped deep. Derivatives were laden with leverage, and the cruel, relentless gap between the “spot” and “futures” was a heady cocktail – a fragility marked by “high valuation plus high leverage.” Thus, Trump’s proclamation was but a spark unto the straw.

At this chronicle’s present cut, Bitcoin darts about the price of $87,400, having slipped nearly 2% in recent hours, a whispered rumor from CoinMarketCap.

Trading View Bitcoin chart

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2025-12-27 14:14