$19 BILLION liquidated in one day.
And everyone blamed Binance.
On Oct 10, crypto saw ~$19B in liquidations.
75% happened around 9PM ET.
At the same time:
• U.S. tariffs on China
• Rare earth export controls
• Stablecoin depeg
• Transfer slowdowns
Binance Co-CEO Richard Teng says:
Every exchange saw liquidations.
No massive withdrawals from Binance.
$34 TRILLION traded last year.
300M users.
Meanwhile:
U.S. equities wiped $1.5T that same day.
Teng says this wasn’t exchange failure.
It was macro shock.
And despite retail cooling…
Institutions are still deploying.
Be honest.
Was this:
A) Binance issue
B) Macro panic
C) Over-leveraged traders
D) All of the above
👇
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