In brief
- More than $19 billion worth of crypto positions were liquidated on Friday amid a flash crash.
- Market experts believe that increased amounts of leverage in crypto could be creating systemic risk, with leverage cascades potentially becoming a more common occurrence.
- It comes as Hyperliquid and Aster have made high levels of leverage more accessible than ever before, and exchanges start to compete over their leverage offerings.
The biggest liquidation event in crypto history took place on Friday, with over $19 billion worth of positions getting rekt in just 24 hours, according to CoinGlass. In the days since, industry experts have undertaken a postmortem on the chaos—and the rise in leverage has been highlighted as a potential…
Oct 16 2025
