One year ago today, $19 billion in leverage was liquidated in a single day. Spot holders kept every coin.

October 10, 2025: about $19B in leveraged crypto positions were wiped out in 24 hours, with Bitcoin trading above $120,000.

Today $BTC is near $83,000. Spot holders are down on paper, but they still own everything they held that morning. Liquidated traders own nothing.

Spot has no liquidation price. That is its whole edge: you decide when to sell, and the market never decides for you.

It is not a promise of recovery. Position size still matters, and a coin can stay down for years.

Is "no liquidation price" worth more to you than bigger gains?

#bitcoin #SpotTrading