After record $25 billion crypto crash, a rush to hedge against another freefall
NEW YORK – Following the largest crypto liquidation in history last Friday (Oct 10), options market investors are bracing for more volatility and further declines in Bitcoin and Ether, aggressively positioning in trades that offer protection against another potential freefall.
Market participants said the crypto sector on Oct 10 saw more than US$19 billion (S$25 billion) in liquidations across leveraged positions as panic selling and low liquidity triggered sharp swings. The plunge came after US President Donald Trump announced late on that day a 100 per cent tariff on Chinese imports and threatened export controls on critical software.
Crypto analysts said this was the largest wipeout in a 24-hour period in the market’s history, nine…
