$19B Crypto Liquidation Crash: Could October 2025 Repeat?
More than $19 billion in crypto derivatives positions were liquidated on Oct. 10, and about 1.62 million accounts were affected. The event’s first anniversary also fell on Oct. 10, and one account links the selling to Trump’s China tariff announcement after crypto open interest had reached $235.9 billion.
What this rests on
Market reaction
The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.
How the story was built
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
The Coin Republic
scoop
Has this happened before?
Nothing comparable yet.
What could happen next
What the prediction markets currently price as likely. This is context, not a forecast of ours: there is money on it, and that is all we show.