BTC, CEX, and Liquidation: How a $19 Billion Crash Shook the Crypto Market
Record-Breaking Liquidation Events on CEXs
The cryptocurrency market experienced a historic liquidation event on October 10-11, 2025, with over $19 billion liquidated in just 24 hours. This unprecedented event affected 1.6 million traders globally, with Centralized Exchanges (CEXs) at the center of the turmoil. Allegations of underreporting liquidation data and operational slowdowns during the event have raised concerns about the reliability of CEXs. This article delves into the factors behind this record-breaking crash, its implications, and actionable lessons for traders.
What Triggered the Liquidation Cascade?
Macroeconomic Factors and Market Panic
The liquidation event was largely driven by macroeconomic instability. A key catalyst was…
