What happened on the night of October 10, 2025?

MAJOR LIQUIDATED CRYPTO MARKETS

Following Trump's statements, cryptocurrency markets experienced sharp declines. Bitcoin fell from approximately $122,500 to an intraday low of $116,000, according to Bitstamp data, and bottomed at $102,000. Ethereum (ETH) fell 10.09% to $3,673, and Solana (SOL) fell 13.36% to $176.88. Dogecoin (DOGE) fell sharply by 29% to $0.1663, while the price of XRP fell to $1.84.

This sharp decline triggered a massive wave of liquidations in leveraged positions. More than $549 million in long positions were wiped out in four hours. In total, a staggering total was raised, with $1.3 billion worth of leveraged contracts liquidated in 24 hours, affecting over 250,000 traders.