A surprising flash crash rattled crypto markets on Oct. 10, erasing billions in leveraged positions as Bitcoin, Ethereum, and other predominant tokens plunged earlier than staging partial recoveries.
Bitcoin fell more than 10% at its lowest point, slipping to $101,500 earlier than rebounding to commerce shut to $112,500 as of press time.
Ethereum in the same vogue dropped over 10% intraday earlier than stabilizing above $3,800. Major altcoins suffered tremendously steeper losses, along side Solana and Dogecoin, which fell more than 30% and 50%, respectively.
Whereas Solana continues to commerce under its key $200 threshold, DOGE experienced a expeditiously restoration and became as soon as buying and selling above the $0.18 give a elevate to degree as of press time.
The downturn became as soon as triggered by a tall sell utter that cascaded by plan of futures markets, forcing frequent liquidations in an already fragile market affirm after escalating geopolitical stress between the US and China.
The wave of forced promoting deepened volatility, with liquidity evaporating across predominant buying and selling pairs. As of press time, more than $7 billion had been liquidated across long and short positions amid the whiplash tag motion.
The crash highlighted the structural fragility of the crypto market, where excessive leverage and concentrated liquidity enlarge surprising tag shocks. Bitcoin’s utter books thinned all of a sudden, sending prices spiraling earlier than traders stepped in to soak up the switch.
Despite the rebound, traders remain cautious. Bitcoin faces key give a elevate to shut to $110,000, whereas Ethereum must defend the $3,800 to $4,000 differ to prevent extra blueprint back stress.
Market contributors are furthermore staring at start curiosity levels and whale process for indicators of renewed stability or extra stress. The event became as soon as a pointy nonetheless doubtlessly healthy reset, flushing out excess leverage after months of speculative buildup.
Nonetheless, the flash crash served as a reminder of how instant sentiment can reverse in the digital asset market, where algorithmic buying and selling and leverage can flip routine corrections into expeditiously, systemwide sell-offs.
On the time of press 11:38 pm UTC on Oct. 10, 2025, the total crypto market is valued at at $3.74 trillion with a 24-hour volume of $369.77 billion. Bitcoin dominance is currently at 60.50%.
