📉 What happened on October 10, 2025?
A few days earlier, Bitcoin $BTC had reached an all-time high of around $126,200. The market was overheated, and traders had built up huge leveraged margin positions. The crash was triggered by external factors:
1. Macroeconomic shock: The White House announced 100% tariffs on all goods from China and export restrictions on software. Global stock markets and tech stocks immediately plunged.
2. Domino effect (liquidation cascade): Overly optimistic long positions (longs) began to be forcibly closed. Over 24–48 hours, a record $19 billion worth of positions were forcibly closed, and more than 1.6 million traders lost their entire deposits. $7 billion evaporated in just one hour.
3. Liquidity collapse: Market makers panicked and pulled their buy orders (“the order books emptied out” by more than 90%). As a result, even small sell orders drove prices down to extreme lows.
4. Abnormal squeezes on exchanges: On Binance's spot market, BTC fell from $121,662 to $102,000. Altcoins suffered catastrophically: the squeeze on $TON reached −79.8%, on $SUI −83.6%, and on #AVAX −70%. Ethena's USDe stablecoin briefly fell to $0.60 locally due to an oracle failure.
The market never fully recovered from this blow, and today BTC is trading roughly 32–35% below that all-time high.
Why WON'T the 2025 disaster happen again???👇