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Crypto Market Chaos: $19B Liquidations Leaves Traders Facing Massive Losses

Crypto Market Chaos: $19B Liquidations Leaves Traders Facing Massive Losses

CoinsProbeCoinsProbe2025/10/11 11:54
By:Nilesh Hembade

Date: Sat, Oct 11, 2025 | 10:10 AM GMT

The cryptocurrency market has just experienced one of its darkest and most shocking days in history, as a wave of panic selling and forced liquidations wiped out billions in trader positions within hours.

The chaos erupted following breaking news that U.S. President Donald Trump announced a 100% tariff on all goods imported from China, reigniting fears of a global trade war. The announcement sent shockwaves through financial markets — and crypto was hit the hardest.

Bitcoin (BTC) and Ethereum (ETH) saw sharp, violent sell-offs, plunging to $104,582 and $3,460 respectively. The sudden drop triggered a cascade of liquidations across leveraged altcoin positions, causing many tokens to collapse by more than 50% within a single minute — a stark reminder of how fragile the market can be when panic sets in.

$19B Crypto Liquidation

According to live data from Coinglass , the total 24-hour liquidation volume surged to a record-breaking $19 billion, marking the largest single-day liquidation event in crypto history.

Out of the total, approximately $16.85 billion came from long positions, as overleveraged traders were wiped out during the rapid sell-off. Short positions, meanwhile, accounted for just $2.51 billion, showing how severely bullish traders were caught off guard by the unexpected market collapse.

Crypto Market Chaos: $19B Liquidations Leaves Traders Facing Massive Losses image 0 Crypto Liquidations Data/Source: Coinglass

Traders Facing Massive Losses

The human impact of this crash is equally staggering. According to Lookonchain , at least four major traders on the Hyperliquid suffered catastrophic losses, each losing over $10 million in a matter of hours.

  • 0x1a67 lost $18.73 million – account completely wiped out
  • 0x1d52 lost $16.43 million, with only $140 remaining
  • 0x0a07 lost $15.69 million, leaving just $104 in the account
  • 0xb2ca lost $13.72 million – total liquidation
Crypto Market Chaos: $19B Liquidations Leaves Traders Facing Massive Losses image 1 Source: @lookonchain (X)

These traders, like many others, were caught holding heavily leveraged long positions, leaving no room for error when Bitcoin and Ethereum began to free-fall.

The sudden liquidation wave wiped out months — or even years — of accumulated profits in a single trading session, underscoring the high-risk nature of leverage in the volatile crypto market.

The Aftermath

At the time of writing, Bitcoin has recovered slightly to $111,700, while Ethereum trades near $3,836, suggesting some stabilization after the intense volatility.

However, market sentiment remains deeply fearful. Analysts caution that even though a short-term rebound is possible, the psychological damage and liquidity loss from this historic event could take weeks or months to heal.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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