Crypto market sees largest liquidation event in history as $1T wiped in hours

On October 10, 2025, the cryptocurrency market experienced what is now being called the biggest liquidation event in the history of ￰0￱ the dump, crypto natives have been looking for answers, and a common theme has been suspicion of centralized ￰1￱ and commentators have linked the recent volatility to broader financial market jitters, not unlike the sell-off that rocked US stock markets. However, the speed and scale of the impact on the crypto market have amplified ￰2￱ markets endured what is being considered the largest liquidation event in history.