Add as a preferred source on GoogleCrypto Liquidations Exceed $19 Billion on Record Day
More than $19 billion in crypto derivatives positions were liquidated Oct. 10, making it the largest liquidation day on record.
Crypto derivatives liquidations exceeded $19 billion on Oct. 10, making it the largest single-day liquidation event recorded in the crypto market.
The figure marks a sharp escalation in forced closures of leveraged positions across crypto derivatives markets. The event occurred exactly one year after Bitcoin (BTC) reached a record high of $126,000.
At that time, Standard Chartered had projected that Bitcoin would reach $200,000. The contrast highlights the market’s shift from record-setting optimism to a day of unprecedented liquidation activity.
The $19 billion figure covers liquidations recorded on Oct. 10.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.