{"id":52298,"date":"2025-10-11T06:01:38","date_gmt":"2025-10-11T06:01:38","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=52298"},"modified":"2025-10-11T06:01:38","modified_gmt":"2025-10-11T06:01:38","slug":"bitcoin-crash-sparks-largest-liquidation-in-crypto-history-19b-gone-and-counting","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=52298","title":{"rendered":"Bitcoin Crash Sparks Largest Liquidation in Crypto History \u2013 $19B Gone and Counting"},"content":{"rendered":"
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There\u2019s no way to sugarcoat what happened in the cryptocurrency markets since Friday evening. Bitcoin\u2019s price, for example, took one of its most painful nosedives in recent history, dumping from over $122,000 to $105,000 on some exchanges and even to as low as $101,000 on others.<\/p>\n

The altcoins were obliterated as well, with massive double-digit price drops from the majority of them. Here\u2019s what we know so far.<\/p>\n

Valuermarket\u2019s report<\/a> classified the event as the \u201clargest single-day liquidation in the history of digital assets.\u201d The initial numbers of $250 million in an hour and $900 million on a 24-hour scale when BTC had dipped<\/a> to $117,000 pale in comparison to what happened next.<\/p>\n

Data from CoinGlass shows a violent picture of $19.30 billion wrecked in the span of a day. Naturally, longs represent the lion\u2019s share, with nearly $17 billion. However, the crypto market\u2019s minor recovery attempt since then has also harmed some short traders, with $2.5 billion in such liquidations.<\/p>\n

The number of wrecked traders is off the charts as well. It typically remains around 200,000 during a bad liquidation event, but has now skyrocketed to over 1,660,000. That\u2019s more than 1.6 million traders.<\/p>\n

\"Liquidation<\/a>
Liquidation Data from CoinGlass<\/figcaption><\/figure>\n

The most obvious reason for this calamity was Trump\u2019s actions on Friday evening when he threatened China with a new set of substantial tariffs after saying that Beijing had been lying for a long time.<\/p>\n

The losses on Hyperliquid alone account for a big portion of the entire wipe-out. After all, the single-largest liquidation occured on Hyperliquid, with over $200 million gone on a ETH-USDT pair.<\/p>\n

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I counted 1010 traders that are down $100k+ today and 206 traders that are down $1M+ today on Hyperliquid<\/p>\n

358 of those accounts lost everything and have ~0 balance, including one person who lost all $19M+ in their account pic.twitter.com\/aAHFwidXIG<\/a><\/p>\n

\u2014 Conor (@jconorgrogan) October 10, 2025<\/a><\/p>\n<\/blockquote>\n