According to @KobeissiLetter, crypto began selling at 9:30 AM ET on Oct 10, well before the 10:57 AM ET tariff post, while whales were already loading shorts in anticipation of a drop, source: @KobeissiLetter. A whale then bought over 23 million dollars of shorts at 4:30 PM ET and 4:49 PM ET, source: @KobeissiLetter. Longs were liquidated at a 7:1 ratio to shorts, and the source estimates that likely over 80 percent of the 1.6 million liquidated traders were levered long, source: @KobeissiLetter. Whales reportedly sold shorts into the 5:20 PM ET bottom about 30 minutes later as volume crushed longs, source: @KobeissiLetter. Trading volume produced the first ever 20,000 dollar BTC candlestick and a 380 billion dollar crypto market cap drop before a V-shaped bottom as shorts were closed, source: @KobeissiLetter. The event was described as the largest liquidation on record at nine times the previous record, source: @KobeissiLetter. For traders, the source highlights a pattern of whale shorts preceding mass long liquidations and a rapid reversal, underscoring timing risk during liquidity cascades, source: @KobeissiLetter.