On October 10, 2025, the crypto market experienced one of the sharpest declines in recent years. Total losses reached around $19.36 billion, with over 1.6 million traders liquidating their positions in a massive sell-off.
The biggest hit was taken by major cryptocurrencies: Bitcoin dropped from $122,000 to $102,000, while Ethereum fell from $4,390 to $3,460. Altcoins suffered even more dramatic losses, with some Binance trading pairs plunging 50–70%.
Analysts attribute the sudden crash to low liquidity, mass short positions, and technical issues on major exchanges. The resulting chain reaction of liquidations intensified the price drop, triggering panic selling among investors.
Experts emphasize that such extreme volatility highlights the need for a more cautious approach to cryptocurrency trading, especially during periods of heightened market instability.
