It's official:
— The Kobeissi Letter (@KobeissiLetter) October 11, 2025
Crypto just saw its LARGEST liquidation event in history with 1.6 MILLION traders liquidated.
Over $19 BILLION worth of leveraged crypto positions were liquidated in 24 hours, 9 TIMES the previous record.
Why did this happen? Let us explain.
(a thread) pic.twitter.com/dHbkfNjrVs
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One response to “Crypto Carnage”
Imagine borrowing to purchase something with ZERO intrinsic value. LOL. I’ve got a bridge in NYC and some great farmland in Florida for these folks. LOL