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- 🚨 The Biggest Liquidation in Crypto History — and One Trader Made $88M
🚨 The Biggest Liquidation in Crypto History — and One Trader Made $88M
By Miles Monroe, BlockLeak24
Miles Monroe BlockLeak24
October 11, 2025
💰 Tether Eyes the U.S. Bond Elite
Tether is on track to become one of the five largest foreign holders of U.S. Treasury bonds by 2033 — a staggering twist in the intersection of crypto and global finance.
According to recent data, the stablecoin giant already holds $127 billion in Treasuries, rivaling entire sovereign portfolios.
At its current rate of accumulation, Tether could surpass traditional financial institutions and state-backed funds within the decade — cementing its position as a shadow central bank of the crypto era.
The U.S. Treasury’s own data supports this trajectory, showing that digital asset reserves are no longer a fringe component of global capital markets — they’re reshaping them.
📉 Bitcoin ETFs Break 9-Day Inflow Streak
After a record run of nine consecutive days of inflows totaling $5 billion, Bitcoin ETFs finally posted a $4.5 million outflow on October 10.
Analysts see this not as weakness but as momentary exhaustion after a strong institutional accumulation phase.
Still, it marks a pause in one of the most aggressive buying streaks since mid-2024, suggesting short-term repositioning ahead of U.S. macro uncertainty.
💧 Zcash Holds Its Ground After the Explosion
After last week’s 400% rally, Zcash (ZEC) continues to stabilize above its recent highs. Despite a broader market pullback, ZEC remains one of the few assets holding steady — a sign of organic demand beyond speculative trading.
Market analysts attribute this resilience to renewed interest from privacy-focused investors and the Grayscale Zcash Trust effect, which injected liquidity into the asset earlier this month.
🇺🇸 Trump’s Tariff Shock Reshapes the Global Trade Map
President Trump confirmed that 100% tariffs on Chinese imports will take effect on November 1.
The move, aimed at protecting domestic industries, triggered instant volatility across both traditional and digital markets.
Economists warn that the measure could spark a trade cold war redux, with ripple effects on inflation, manufacturing, and — now — the crypto market’s macro narrative.
📉 Bitcoin Drops Below $109,000 Amid Panic Selling
Following Trump’s announcement, Bitcoin plunged beneath the $109K mark, reflecting the market’s rapid risk-off reaction.
Volatility spiked, and liquidity thinned as traders scrambled to hedge exposure.
The sell-off underscores how deeply intertwined Bitcoin has become with macroeconomic catalysts — from rate decisions to tariff policy.
💥 $19.16 Billion Liquidated in 24 Hours — A New Record
The day set a new all-time record for crypto liquidations, dwarfing both the 2020 COVID crash and the 2022 FTX collapse.
In total, over $19.16 billion was wiped from leveraged positions — more than 10× the scale of prior historic sell-offs.
For comparison:
March 2020 (COVID crash): $1.2B liquidated
November 2022 (FTX collapse): $1.6B
October 2025: $19.16B — a cascade never seen before.
Adding to the intrigue — an unidentified trader reportedly opened a massive Bitcoin short position just 30 minutes before Trump’s tariff announcement, pocketing nearly $88 million in profit.
Whether that was skill, luck, or something more coordinated remains anyone’s guess.
🔥 Daily Market Analytics (Oct 11, 2025)
Global Market Cap: $4.02T (↓ 4.6%)
BTC: $108,970 (↓ 6.8%)
ETH: $4,120 (↓ 4.2%)
ZEC: $235 (↓ 1.5%)
USDT: $1.00 (stable)
Top Gainers: USDT (stable), MKR (+2%), STX (+1.5%)
Top Losers: BTC (−6.8%), SOL (−5.2%), ARB (−4.9%)
📰 Previously on BlockLeak24