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The October Crypto Catastrophe: Unpacking the Largest Liquidation Event in History
On Friday, October 10th, the cryptocurrency market experienced an unprecedented crash, often dubbed as its own "Black Friday." In mere hours, over $19 billion vanished from the market’s valuation, leading to the liquidation of more than 1.6 million traders. This seismic event, fueled by a single social media post, has sparked intense debate across the crypto community about the longevity of the current bull market and the future trajectory of digital assets.