Automated de-leveraging (ADL) was at the core of Friday’s crypto bloodbath. What is ADL?

Posted On October 15, 2025

On Oct. 10, 2025, the crypto market saw an unprecedented crash. It wiped out around $19 billion in liquidations within 24 hours. As analysts started to figure out what happened, the term “automated de-leveraging” began to circulate. Many traders learned…