The Worst Day In Crypto History

The cryptocurrency market suffered a record $19 billion in liquidations on Friday, October 10, 2025, surpassing the Covid, FTX, and Luna crashes. The crash intensified after President Trump announced 100% tariffs on Chinese imports effective November 1, and Bitcoin and Ethereum fell about 12%. A newly created Hyperliquid account reportedly opened large BTC and ETH short positions about thirty minutes before the announcement, netting $192 million in profits, and the timing has sparked insider trading allegations. Aave processed $180 million in liquidations in one hour, and founder Stani Kulechov praised the protocol's performance.