It’s official:
Crypto just saw its LARGEST liquidation event in history with 1.6 MILLION traders liquidated.
Over $19 BILLION worth of leveraged crypto positions were liquidated in 24 hours, 9 TIMES the previous record.
Why did this happen? Let us explain.
(a thread) pic.twitter.com/dHbkfNjrVs
— The Kobeissi Letter (@KobeissiLetter) October 11, 2025
Trump is making insider trading great again https://t.co/RQrwV6bWal
— Christine Guerrero (@SheDrills) October 11, 2025
Bitcoin -17% Ethereum -27% Solana -27% Cardano -44% Dogecoin -51% Litecoin -52% XRP -57%
Uhm, because its a digital token backed by nothing just like Bitcoin. https://t.co/YYsSClivG1
— Garrett Goggin, CFA & CMT (@GarrettGoggin) October 11, 2025
end the fed………………..