cryptocrash

The 10/10 Crypto Crash: My Personal Reflections One Year Later
October 10, 2025. I still remember watching the charts in disbelief as Bitcoin went from feeling unstoppable near $126,000 to getting absolutely hammered in a matter of hours. Over $19 billion in leveraged positions wiped out. More than 1.6 million trader accounts liquidated. It was the largest single-day liquidation event in crypto history — bigger than the FTX collapse in dollar terms.
That day broke something in the market. Even now in May 2026, with Bitcoin hovering around $80K, many people still talk about “since 10/10” like it was a permanent scar.
What Actually Happened
It wasn’t just one bad candle. It started with macro shocks: new U.S. tariffs on China and restrictions on rare earth metals. Traditional markets got hit hard too (U.S. equities lost over a trillion dollars that day). But crypto, being highly leveraged, turned a bad day into a full-blown cascade.
Once the liquidations started, they fed on themselves. Stop-losses triggered, funding rates went crazy, liquidity dried up, and prices spiraled. Bitcoin dropped to around $105K on some exchanges. Altcoins got destroyed even worse.
Who Was Responsible?
Here’s my honest take:
No single person or exchange caused it.
Some people immediately blamed Binance (and their CEO had to publicly defend the platform). Others pointed at excessive leverage, greedy traders, or market makers pulling liquidity. A few conspiracy theories even blamed specific whales or political figures.
The truth is simpler and more uncomfortable:
We were all responsible.
• Retail traders (including me at times) who over-leveraged chasing 10x-20x gains.
• Exchanges that offered insane leverage and encouraged high-risk trading.
• The entire ecosystem that celebrated “degen” behavior during the bull run without warning enough about the risks.
• Macro forces that reminded us crypto is still tied to the real world.
The 10/10 crash wasn’t caused by one villain. It was the natural result of a market that had become extremely over-leveraged at the top.
What I Learned From It
That day reinforced one of the hardest lessons in crypto:
Surviving is more important than maximizing gains.
I was lucky — I wasn’t heavily leveraged that day. But watching thousands of people get wiped out in hours was a wake-up call. Since then, I’ve become much more careful with leverage, I keep bigger cash reserves, and I focus more on long-term conviction than short-term pumps.
The crash also showed the strength of Bitcoin. Even after such a violent deleveraging, it didn’t die. It found a floor and has been rebuilding.
The real winners won’t be the ones who made the most during the 2025 bull run.
The real winners will be the ones who are still here, still holding quality assets, and still mentally strong when the next bull market arrives.
Have you recovered from 10/10 yet?
Were you liquidated that day, or did you manage to survive?
What’s the biggest lesson you took from it? Share below 🔥
We Analyze. We HODL. We Win.
This is not financial advice. Always do your own research (DYOR). Cryptocurrency investments involve high risk of loss.
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