Crypto Black Friday Explained
Crypto Black Friday resulted in $19.5 billion vanishing in hours, revealing structural flaws and manipulation risks in crypto markets.
On October 10-11, 2025, the cryptocurrency market experienced a sharp collapse, with over $19.5 billion in leveraged positions wiped out, causing Bitcoin to drop by 8.4% and shaking investor confidence worldwide.
The crash began as a reaction to the US's 100% tariff announcement on Chinese goods, but soon exposed deeper cracks in the system, including automated trading, thin liquidity, and structural weaknesses.
What began as a reaction to the US's 100% tariff announcement on Chinese goods quickly revealed much deeper cracks in the system.
- Automated trading
- Thin liquidity
- Structural weaknesses
Author's summary: Crypto Black Friday wiped out $19.5 billion in hours.