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A recent market meltdown exposed vulnerabilities in centralized price oracles, such as Chainlink and Pyth, which feed dollar prices to exchanges, DEXs, and DeFi apps. A dominant centralized exchange price, potentially Binance, Coinbase, or Bybit, was either manipulated or glitched, instantly triggering mass liquidations on perpetual contracts. While longs were liquidated and shorts hit liquidity boundaries, blockchains themselves remained stable, handling DeFi trades and swaps flawlessly. The event highlighted a critical truth: crypto infrastructure held strong, but centralized systems failed under stress.

Market data reveals that USDE, BNSOL, and WBETH faced severe depegging events on Binance early today. USDE dropped to $0.6567, BNSOL fell to $34.9, and WBETH hit a low of $430.65. Binance responded by stating that the team is conducting a thorough review of affected users, analyzing liquidation details, and assessing potential compensation measures. The incident underscores the risks in leveraged and synthetic token markets during periods of extreme volatility.

During the recent market crash, Binance Futures data shows that the shared insurance fund balance for BTC, ETH, and BNB USDT-margined contracts fell from $1.23 billion to $1.04 billion. A total of $188 million was deployed to manage risks amid extreme volatility, highlighting how exchanges safeguard leveraged positions and protect users during sharp market movements. This move underscores the scale of the recent turmoil and the measures taken to stabilize the futures market.

Early this morning, several altcoins on Binance experienced dramatic crashes, with IOTX briefly hitting $0. Arthur Hayes, co-founder of BitMEX, noted that market rumors point to major centralized exchanges (CEXs) automatically liquidating collateral tied to cross-margin positions, triggering the sharp declines. Hayes added that the prices of many high-quality altcoins are unlikely to revisit these lows anytime soon, suggesting a major market reset and heightened caution for traders navigating leveraged positions.

On October 10, Ethereum spot ETFs recorded total net outflows of $175 million, with all nine funds reporting no net inflows. BlackRock’s ETHA led the outflows, shedding $80.19 million. In contrast, Bitcoin spot ETFs experienced a much smaller net outflow of $4.5 million, with BlackRock’s IBIT being the only fund to post a net inflow. The data highlights stronger selling pressure in ETH ETFs compared to BTC, reflecting short-term investor caution in the crypto market.

The crypto crash likely came as no surprise. In the short term, capital outflows from both US and Hong Kong markets are exceeding long-term movements, signaling temporary market pressure. Despite this, the cryptocurrency market remains fundamentally healthy, and the key focus is on identifying the right entry point. The TimeValue indicator has proven effective at capturing market bottoms, offering potential opportunities in the coming days for prepared investors.

Bitcoin (BTC) is currently in a consolidation phase after a recent sharp drop, trading around $113,055 with slight volatility over the last 24 hours. The short-term trend is neutral with a slight bearish bias, as the market seeks direction. Key support is seen at $112,000, which must hold to prevent further downside, while crucial resistance at $114,000 needs to be broken for the next upward move. Market pressure is influenced by US macroeconomic news and profit-taking after recent highs, suggesting that BTC will likely continue sideways trading until fresh economic data provides a clearer trend.

Global markets entered risk-off mode after Trump announced 100% tariffs on China, sparking renewed trade war fears. The S&P 500 dropped 2.7%, and Bitcoin followed suit, highlighting that this is a macro liquidity shock, not just a crypto-specific issue. Historically, BTC bottoms when fear peaks, as smart money quietly accumulates during panic. While volatility may continue, the risk-off wave often fades once markets fully price in shocks, potentially setting the stage for strategic buying.

Bitcoin (BTC) is trading at $112,594, down 7.24% in the last 24 hours, marking one of its largest single-day drops in recent weeks. The sharp decline reflects intensified profit-taking and rising market volatility. The drop signals a corrective phase after highs above $124K, with sellers controlling the market. Key support lies around $111K–$110K, while investor sentiment turns cautious. Short-term traders should monitor $111K for rebounds or deeper corrections. Long-term investors may view this pullback as a strategic accumulation opportunity.

Despite recent dips, Bitcoin remains above its 200-day SMA ($106,800) and just below the STH cost basis ($114,000), signaling that the bull market is still intact. The current pattern shows range-bound consolidation, building a solid base before steady upward moves, no blow-off top, just healthy, gradual growth. If this pattern continues, the Bitcoin cycle could extend well into next year. Prices at these levels are consistent with recent weeks, reflecting ongoing market resilience.

Bitcoin ($BTC) tumbled from an intraday high of $122,456 to a low of $105,262, dropping 6.83% and currently holding at $112,975. Ethereum (ETH) fell 12.15%, Binance Coin (BNB) dropped 9.87%, and XRP plunged from $2.83 to $1.89, marking a 13.17% loss. The sharp declines across major cryptocurrencies highlight intense selling pressure and ongoing market volatility, leaving traders cautious as the market seeks its next support levels.

The entire crypto market crashed within a single candle. Leverage traders faced massive liquidations as panic spread across exchanges. Bitcoin, Ethereum, and top altcoins turned deep red while liquidity vanished in minutes, leaving order books thin and spreads wide. Trading bots and algorithms amplified the chaos, accelerating the crash. As traders rushed to exit, the market showed no mercy. The plunge was a stark reminder that crypto rewards the brave but punishes the careless.

A massive crypto crash has wiped out nearly 96% of futures traders, triggering widespread panic selling among spot holders. Billions in liquidations swept through the market as prices plunged across major assets. Yet behind the chaos, institutions are quietly accumulating, mirroring the pattern seen after the March 2020 COVID crash, which later sparked one of the biggest altcoin seasons in history. While retail fear dominates, smart money appears to be buying the dip once again.

The October 2025 crypto crash wasn’t just chaos; it looked orchestrated. While retail traders were liquidated, insiders made billions. Hours before Trump announced 100% China tariffs, a 2011 Bitcoin whale opened billion-dollar shorts on BTC and ETH, which were soon mirrored by linked wallets. When markets plunged Bitcoin down 13%, Ethereum down 18%, and altcoins down 90% that whale doubled down, earning around $200 million. Over $1T was erased, 1.4M traders were wiped out, and stablecoins even depegged.

A Bitcoin whale who opened massive short positions on BTC and ETH just before the recent crash is now sitting on over $35.8 million in unrealized profit and still hasn’t closed their trades. The move suggests they expect prices to fall even further. The timing has fueled speculation of insider knowledge, as the market plunged shortly after Trump’s tariff announcement. Once again, it appears the crypto market’s biggest moves favor those in the know.

Gold advocate and Bitcoin critic Peter Schiff has sounded another alarm—this time on Ethereum’s sharp decline. While Bitcoin has dropped about 10% from its all-time high, Ether is down over 21%, now hovering near $3,900. Schiff cautioned that if ETH breaks its key support at $3,350, it could swiftly plunge toward $1,500. Known for his bearish stance on crypto, Schiff urged investors to “get out now,” predicting deeper pain if market sentiment worsens.

The recent crypto crash became the perfect storm for the biggest liquidation event in history, wiping out over $19 billion as hidden leverage across the market unraveled. Traders and funds had shifted from spot to leveraged positions chasing perp DEX airdrops, masking true market risk. When Trump’s 100% tariff announcement hit an already overbought equities market, it triggered a chain reaction. Fragile altcoin liquidity, overexposed leverage, and mismatched valuations caused a violent unwinding, forcing funds to liquidate. A brutal reset yet a setup for the next cycle.

The crypto market just witnessed its largest liquidation event in history, with over $19.16 billion wiped out in hours nearly 20x bigger than the March 2020 Covid crash and far surpassing the $1.6 billion FTX collapse. Triggered by Trump’s 100% tariff announcement on Chinese imports, Bitcoin plunged to $102K, altcoins crashed up to 90%, and over $1 trillion in market cap vanished. The event marks a historic leverage flush, resetting the market for the next potential bull phase.

The crypto market crashed after Trump announced 100% tariffs on Chinese imports starting November 1, shocking global markets. Bitcoin plunged to $102K, altcoins dropped up to 90%, and over $1 trillion in market cap vanished within hours. On-chain data revealed a whale had opened massive shorts on BTC and ETH days before the announcement, profiting $200M from the crash. The event wiped out leverage and weak hands signaling a potential market reset rather than the end of the bull cycle.