One year ago today, crypto had its worst liquidation event in history.
October 10, 2025: $19B in leveraged positions vaporized. $BTC fell from $122k, altcoins collapsed, 1.6M accounts liquidated. Billions wiped in minutes.
Tom Lee later said parts of it looked like a market bug. Market makers couldn't provide liquidity for weeks.
Fast forward to today: In just the 5 days before this anniversary, $2.4B liquidated. $1.97B from longs alone.
10/10 broke leverage. It broke traders. Maybe even broke parts of the market structure itself.
But it never broke $BTC.
One year later, we're still here. Still trading. Still building.
Was 10/10 the day crypto broke or the day it was forced to evolve?
The market survived its worst day. That tells you something about what's coming next.
October 10, 2025: $19B in leveraged positions vaporized. $BTC fell from $122k, altcoins collapsed, 1.6M accounts liquidated. Billions wiped in minutes.
Tom Lee later said parts of it looked like a market bug. Market makers couldn't provide liquidity for weeks.
Fast forward to today: In just the 5 days before this anniversary, $2.4B liquidated. $1.97B from longs alone.
10/10 broke leverage. It broke traders. Maybe even broke parts of the market structure itself.
But it never broke $BTC.
One year later, we're still here. Still trading. Still building.
Was 10/10 the day crypto broke or the day it was forced to evolve?
The market survived its worst day. That tells you something about what's coming next.