⚡ Will the 10/10 scenario repeat in October?
After compiling data from Coinbase Premium + Open Interest + Liquidation Heatmap + Futures/Spot + Long/Short + $BTC and $XLM and $AVAX movement, the current picture doesn’t resemble the previous crash environment.
Coinbase Premium: At around -0.04% since September 23, meaning spot demand isn’t in a strong, rush-like phase.
Open Interest: Binance at $10.87B and CME at $8.44B. Having CME at this volume suggests greater institutional participation—not just speculative leverage from retail
Futures/Spot: The ratio is moving within a normal range of 5–10, without the sharp deviations that typically precede large-scale liquidations
Hyperliquid: Here’s a point worth noting; Longs are at 74,599 accounts versus 25,285 Shorts, a ratio of about 2.95. This bias could cause a bearish wick to liquidate some positions if BTC faces sudden pressure.
As for the Liquidation Heatmap, it shows that a large portion of the accumulated liquidity between 70K–80K has already been cleaned up, and there is currently no huge, stacked liquidation cluster directly around the price.
The current data doesn’t show the same leverage and liquidation setup as the period that preceded the previous crash events.
This doesn’t mean a drop is impossible; it only means the closest scenario right now is a correction or a natural Liquidity Sweep—not necessarily a sequential breakdown.
Therefore, if a decline happens, the most important thing is to monitor support and liquidity zones rather than assuming every dip is the start of a new 10/10 event.
After compiling data from Coinbase Premium + Open Interest + Liquidation Heatmap + Futures/Spot + Long/Short + $BTC and $XLM and $AVAX movement, the current picture doesn’t resemble the previous crash environment.
Coinbase Premium: At around -0.04% since September 23, meaning spot demand isn’t in a strong, rush-like phase.
Open Interest: Binance at $10.87B and CME at $8.44B. Having CME at this volume suggests greater institutional participation—not just speculative leverage from retail
Futures/Spot: The ratio is moving within a normal range of 5–10, without the sharp deviations that typically precede large-scale liquidations
Hyperliquid: Here’s a point worth noting; Longs are at 74,599 accounts versus 25,285 Shorts, a ratio of about 2.95. This bias could cause a bearish wick to liquidate some positions if BTC faces sudden pressure.
As for the Liquidation Heatmap, it shows that a large portion of the accumulated liquidity between 70K–80K has already been cleaned up, and there is currently no huge, stacked liquidation cluster directly around the price.
The current data doesn’t show the same leverage and liquidation setup as the period that preceded the previous crash events.
This doesn’t mean a drop is impossible; it only means the closest scenario right now is a correction or a natural Liquidity Sweep—not necessarily a sequential breakdown.
Therefore, if a decline happens, the most important thing is to monitor support and liquidity zones rather than assuming every dip is the start of a new 10/10 event.
