Crypto Carnage Shocker – Binance Pledges $1.9B+ in Payouts After $19B Selloff (and How to Buy Bitcoin Safely)
Why Crypto Markets Crashed On Oct 10, 2025, former President Trump stunned markets by threatening 100% tariffs on Chinese imports (effective Nov 1) along with new export controls. This reignited full-scale trade-war fears and triggered a sudden flight from risk assets ccn.com. With crypto markets already jam-packed with leveraged bets, the effect was devastating. Within hours, Bitcoin crashed 16%, wiping out about $19–20 billion in margin positions – the largest crypto liquidation event ever dlnews.com ts2.tech. Over 1.6 million traders were liquidated in 24 hours dlnews.com, far exceeding any prior crypto crash (COVID-2020, FTX-2022, LUNA-2022). The selling was most intense on Friday night (Oct 10) and Saturday