The October 2025 Crypto Crash: What the Data Reveals

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The October 2025 Crypto Crash

📖 A 3-PART INVESTIGATION Part 1: The Crash & The Whale | Part 2: Infrastructure Failures | Part 3: Lessons & The Path Forward

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Part 1: Analysing the largest liquidation event in history and one extraordinarily timed trade

RESEARCH DISCLAIMER: This analysis synthesises publicly available data from on-chain analytics, industry reports, exchange statements, and media coverage of the October 10–11, 2025 crypto market event. While I’ve cross-referenced multiple sources, the accuracy of third-party data cannot be independently verified. This is an AI-assisted research-based examination of reported events, not financial or legal advice. Sources are cited throughout and listed at the end.

On October 10, 2025, the cryptocurrency market experienced its largest liquidation event on record: $19–20 billion in positions wiped out within 24 hours, affecting approximately 1.6 million trading accounts.

The catalyst was clear — President Trump’s announcement of 100% tariffs on Chinese imports. But the data reveals a more complex story…