š Analysis: Looking back at the 10/11 nightmare and its hard-earned lessons
A year has passed since October 11, when the market witnessed a historic crash that wiped out millions of tradersā accounts in the blink of an eye.
Letās look back at the staggering numbers:
š Bitcoin price: Fell 12% in a single night, dropping more than 4% in just one minute at its worst (a loss of $5,000 per minute).
š„ Total liquidations: Over $19.15 billion.
š„ Number of liquidated traders: More than 1.6 million accounts.
š© Record: The highest in 10 years of crypto futures trading.
A deeper perspective:
This crash showed just how extremely sensitive the crypto market is to political news, specifically reports of a trade war. Whatās striking is that when leverage is too high, even a small spark can trigger a domino effect, sending prices into a free fall with no end in sight.
Looking ahead, this is a reminder that no price level is absolutely safe. Risk management and limiting leverage remain essential to survival if you donāt want to become part of such painful statistics.
Do you still remember how it felt at the time?
š Get crypto news before anyone else ā Follow [Channel](https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1)
#CryptoMarket #Trading #Crypto #BTC #Bitcoin $BTC
A year has passed since October 11, when the market witnessed a historic crash that wiped out millions of tradersā accounts in the blink of an eye.
Letās look back at the staggering numbers:
š Bitcoin price: Fell 12% in a single night, dropping more than 4% in just one minute at its worst (a loss of $5,000 per minute).
š„ Total liquidations: Over $19.15 billion.
š„ Number of liquidated traders: More than 1.6 million accounts.
š© Record: The highest in 10 years of crypto futures trading.
A deeper perspective:
This crash showed just how extremely sensitive the crypto market is to political news, specifically reports of a trade war. Whatās striking is that when leverage is too high, even a small spark can trigger a domino effect, sending prices into a free fall with no end in sight.
Looking ahead, this is a reminder that no price level is absolutely safe. Risk management and limiting leverage remain essential to survival if you donāt want to become part of such painful statistics.
Do you still remember how it felt at the time?
š Get crypto news before anyone else ā Follow [Channel](https://app.binance.com/uni-qr/cpro/Square-Creator-4a0f2008149d?l=en&r=BOZMO8A1)
#CryptoMarket #Trading #Crypto #BTC #Bitcoin $BTC