Crypto's $19B Cleanup: What You Need to Know
A surprise 100% tariff announcement from President Trump triggered over $19 billion in liquidations, the largest leveraged wipeout in crypto history.
Despite the significant loss, investors are still in profit, indicating that full capitulation and emotional reset haven't occurred.
- Global crypto markets saw their largest leveraged wipeout on record on October 10th and 11th.
- Over $19 billion in positions were liquidated, wiping out weeks of speculative gains in Bitcoin [BTC] and altcoins.
The crash followed a surprise tariff announcement from President Donald Trump and a well-timed short by a major crypto whale.
The community remains unsure if the market has cleared out all the excess leverage or if more downside is still to come.
In less than 24 hours, the markets witnessed an unprecedented liquidation cascade, with over $19 billion in leveraged positions erased.
Author's summary: Crypto market faces uncertainty after $19B cleanup.
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