Four months ago, digital assets underwent what I believe was the most consequential liquidation event in their history. On October 10, 2025, over $19 billion in leveraged positions were wiped out within hours. Bitcoin plummeted from roughly $122,000 to $105,000. More than 1.6 million trader accounts were liquidated.

The 10/10 crypto crash, as it’s sometimes called, did more than just rattle the market. It fundamentally altered the psychological landscape of crypto investing.

As I told PreMarket Prep last week, from a technical standpoint, Bitcoin is now roughly two standard deviations below its 20-day trading norm. This is a level we’ve seen only three times in the past five years. Historically, such extremes have favored…