After $19B in Losses, Bitcoin Traders Turn to Spot Markets for Safety — CryptoQuant

Bitcoin spot trading surged in October and reached over $300 ￰0￱ stood as the second-highest monthly total of the ￰1￱ sudden move came as traders pulled back from risky leveraged positions after the massive $19 billion in losses earlier in the month. A Costly Lesson for Leveraged Traders The October crash started when US President Donald Trump threatened new tariffs on ￰2￱ hours, Bitcoin fell from $122,000 to around $101,000 on some ￰3￱ than 1.6 million traders were forced to close ￰4￱ data showed that long traders suffered the worst and lost nearly $17 ￰5￱ trader reportedly lost $19 million on Hyperliquid. A few whales profited by shorting Bitcoin before the ￰6￱ market suffered massive liquidations on 10 October |) orders to slowly build positions without spiking prices.