The October 10 Crash Wasn’t Random — Tom Lee’s Theory Is Gaining Weight
The October 10th market dump may not have been as random as many believed.
According to commentary echoed by a co-founder at Delphi Digital, the theory put forward by Tom Lee is starting to look increasingly plausible.
💥 The theory goes like this:
If a major market maker suffered a significant financial hit around October 10th and threatened legal action, an exchange may have been forced to liquidate accumulated profits to plug the gap. That kind of response wouldn’t be selective it would mean selling anything with liquidity, nonstop. A classic “dump to survive” event.
📉 Why didn’t altcoins bounce?
At first glance, the theory seemed weak. If market makers lost altcoins, logic says they would rush to buy them back — pushing prices higher. But that didn’t happen.
🧠 The smarter explanation:
Market makers understand one thing very well:
👉 When BTC is sold aggressively by exchanges, altcoins usually fall even harder.
So instead of buying back immediately, they wait. They allow altcoins to be pushed lower, then step in at the final stage — recovering positions and capturing arbitrage profits.
⏱️ Timing advantage matters:
Market makers know exactly when an exchange finishes selling BTC — because they’re the ones waiting to get paid. Only when that selling pressure dries up do they begin accumulating altcoins.
🌐 What about other narratives?
Stories around “quantum fears” or “Japan macro shocks” spread fast, but according to this view, they’re likely noise, not the real driver of the decline.
The takeaway:
The indiscriminate selling pressure appears to be near its end. If this theory holds, the market may be setting up for a relief rebound soon.
Important note:
This remains unconfirmed speculation, based on rumors and market behavior not verified data. Still, it’s a framework worth watching closely.
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