Galaxy Research calls October 10, 2025, $19B liquidation event 'transitory'
- —Over $19 billion in leveraged positions were liquidated in 24 hours on October 10, 2025
- —BTC fell from $122,000 to the low $106,000s; CoinShares put the low at $104,782.88
- —Altcoins outside BTC and ETH fell about 33% in 25 minutes; 1.62 million accounts liquidated
- —87% of liquidated accounts were longs; Hyperliquid triggered ADL, Binance compensated affected users
Why it matters: Galaxy acknowledges market structure has not improved: on-chain activity remains below October 2025 levels, while ADL and fragmented liquidity risks persist.
Source: TokenPost