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The Timeline of the 10.10 Crash — Responsibility Should Not Be Shifted
The timeline of the crash
The flash crash in the cryptocurrency market on October 10, 2025, was a significant event! People in the crypto community are still haunted by it, calling it the "10/10 Crash" or "Black Friday." In simple terms, this crash wiped out nearly $350 billion in total market value, with Bitcoin plunging from over $120,000 to below $100,000, and Altcoins fared even worse, with many dropping by 10-30%. Over $19 billion in leveraged positions were forcibly liquidated, affecting more than 1.6 million traders — this was the largest liquidation event in history, even more severe than the FTX collapse in 2022, and it is also the root cause of the current market liquidity shortage.
The flash crash in the cryptocurrency market on October 10, 2025, was a significant event! People in the crypto community are still haunted by it, calling it the "10/10 Crash" or "Black Friday." In simple terms, this crash wiped out nearly $350 billion in total market value, with Bitcoin plunging from over $120,000 to below $100,000, and Altcoins fared even worse, with many dropping by 10-30%. Over $19 billion in leveraged positions were forcibly liquidated, affecting more than 1.6 million traders — this was the largest liquidation event in history, even more severe than the FTX collapse in 2022, and it is also the root cause of the current market liquidity shortage.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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