According to @WatcherGuru, more than $3,000,000,000 in crypto positions were liquidated in the past 60 minutes, signaling an extreme derivatives wipeout and forced selling pressure; source: @WatcherGuru tweet on Oct 10, 2025. Historically, liquidation waves of this size align with sharp drops in aggregate open interest and outsized moves led by BTC and ETH, elevating intraday volatility and widening spreads; source: CoinGlass derivatives dashboard and Kaiko market structure research. Actionable next steps: monitor funding rates, open interest, and exchange liquidation heatmaps before re-entering risk, as funding dislocations and liquidity gaps around prior support are common during cascade events; source: Binance Futures risk disclosures and CoinGlass liquidation heatmap. Risk management guidance: reduce leverage, use limit orders, and stagger entries to mitigate slippage and avoid cascading liquidations in thin order books; source: Binance Futures risk disclosures and Deribit insights on risk management.