🕯 Exactly one year ago, the crypto market had its “Black Friday” (technically, it all ended on Saturday).
On October 10, 2025, more than $19 billion was wiped out in 24 hours:
💥 ~$16.7 billion in longs
💥 ~$2.5 billion in shorts
👥 around 1.6 million traders got margin-called
That’s 10 times more than during the FTX collapse. An all-time record for the crypto market.
How did it happen? Everyone piled on leverage and bet on prices going up. One bad news story about trade wars, and the dominoes started falling: exchanges automatically close positions, prices drop, more positions get closed, and so on. 90% of the losses were suffered by those who believed prices would rise.
The lesson: leverage boosts profits, but wipes out your deposit even faster. 😅
$BTC
$ETH
$BNB
#BTC #ETH #bnb
On October 10, 2025, more than $19 billion was wiped out in 24 hours:
💥 ~$16.7 billion in longs
💥 ~$2.5 billion in shorts
👥 around 1.6 million traders got margin-called
That’s 10 times more than during the FTX collapse. An all-time record for the crypto market.
How did it happen? Everyone piled on leverage and bet on prices going up. One bad news story about trade wars, and the dominoes started falling: exchanges automatically close positions, prices drop, more positions get closed, and so on. 90% of the losses were suffered by those who believed prices would rise.
The lesson: leverage boosts profits, but wipes out your deposit even faster. 😅
$BTC
$ETH
$BNB
#BTC #ETH #bnb