One year ago today, on October 10, 2025, the cryptocurrency market suffered the largest liquidation event in its history, with over $19 billion in leveraged positions wiped out, liquidating more than 1.6 million traders within hours.
Bitcoin plunged roughly 15.5% (about $19,000**), falling from a high of **$122,576 to a low of $103,133**, before partially stabilizing around **$112,000.
The carnage extended beyond Bitcoin, erasing approximately $800 billion from the total crypto market capitalization in just a few hours, triggering panic selling across all markets.
Analysts still cite this event as a stark reminder of the dangers of excessive leverage in crypto, the importance of risk management and stop-losses, and the fragility of liquidity during extreme volatility—where a cascade of liquidations can snowball into a full-blown crash.
A year later, the market has partially recovered, but the memory of October 10 remains etched in traders' minds as one of the most violent moments in the sector's history.