The cryptocurrency market witnessed an unprecedented $19 billion in liquidations over a 24-hour period on October 10, 2025, resulting in 1.6 million traders being wiped out. This event marks the largest liquidation in crypto history, surpassing previous records by ninefold. Despite the massive losses, many traders are anticipated to return to leveraged trading within six months, driven by fear of missing out (FOMO) and the belief that abstaining from the market equates to missing potential gains.
The incident underscores a misunderstanding of 'antifragility' in the crypto space, where the concept is often misinterpreted as avoiding risk rather than capitalizing on market volatility. Additionally, psychological and social factors continue to pressure traders into using leverage, even after experiencing significant financial setbacks.
Crypto Market Faces Record $19B Liquidations in 24 Hours
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