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Crypto's Largest Liquidation Anniversary

User recalls the October 10 anniversary of the largest crypto liquidation at the world's biggest exchange: official $21B but estimated $290B+, with Bitcoin down 15% and altcoins up to 99.99% in 17 seconds.

First on the board Oct 10, 12:38 · How the board is ranked · Topic: Bitcoin Falls Below $83K

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Key points

@WatcherGuru said that one year ago today, crypto suffered its largest liquidation event in history, wiping out over $19,100,000,000 in leveraged positions.
@Cointelegraph said that exactly one year ago, over $16.69B in longs and $2.46B in short were wiped out in a single day.
@Cointelegraph said most people are still trying to recover from it.

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Original post

CdeCripto @CdeCriptoz 34.5K followersOct 10, 13:19

Hoy es 10 de Octubre. Un dia como hoy, hace 1 año, ocurrio la liquidación cripto mas grande de la historia dada por un “error” dentro del Exchange mas grande del mundo, oficialmente se reportaron $21,000,000,000 en liquidaciones, pero la cifra real se estima por encima de los $290,000,000,000. En cuestion de 17 segundos, todo el mercado se desplomo entre un -15% en Bitcoin, hasta un -99,99% en altcoins. Dia en que destruyeron no solo al trader retail, sino a muchos creadores de mercados, fondos de inversión y hasta exchanges quebraron meses despues. El mercado se ha ido recuperando, pero no podemos olvidar el daño que Binance le hizo al mercado.

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DIGITEK 👑🇬🇧 @DigiTektrades Oct 10, 16:23562

A trader recalls losing $40k on Oct 10's record liquidation, friends lost $200k and $25k, with over $10B in positions wiped out.
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Reaction on X: Replies are mostly joking or weary, with one asking to stop the reminder and another asking whether it is about to happen again; others post "Remember this" or memorial-style comments. The original poster did not respond.

From @THEFREEB0Y, @thecuriousindex, @eldiform and others. Spam removed, with English and Chinese translations.

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