On October 10, 2025, crypto experienced its largest liquidation event in history. $19 billion wiped out in 48 hours. Bitcoin crashed from $126,000 to $105,000.Peter Schiff called it a “total wipeout.” Traders warned of worse to come.But here’s what actually happened: the market deleveraged. Open interest dropped from $48.7B to $45.1B, funding rates plummeted 51%, […]
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