A sudden trade‑war scare triggered the largest crypto liquidation on record: over $19 billion cleared in 24 hours, with $7 billion sold in a single hour and 1.6 million traders affected. Bitcoin and Ethereum fell double digits and total crypto market cap dropped roughly $560 billion in a day, with funds fleeing to stablecoins and safer assets. The episode underscores how leverage and derivatives amplify macro shocks in crypto markets.
— It highlights the transmission of geopolitical and policy risk into a retail‑heavy, lightly regulated market, informing debates on systemic risk, consumer protection, and market structure.
Oren Cass
2026.01.15
80% relevant
The article’s central empirical claim — that most Americans see crypto as an overhyped scam — aligns with the idea that crypto markets are primarily speculative and fragile; the public’s scam perception is consistent with documented market episodes where massive liquidations revealed leverage and investor harm.
EditorDavid
2025.10.11
100% relevant
Coinglass/Bloomberg data cited: $19B liquidations in 24h, $7B in one hour, 1.6M traders impacted; market cap slid from $4.30T to $3.74T.
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