According to @BullTheoryio, the crypto market experienced the biggest liquidation on record, with over 19.5 billion dollars in positions wiped out in 24 hours as even top-10 coins fell 30–40 percent and many altcoins dropped 70–90 percent within minutes. Source: Bull Theory (@BullTheoryio) on X, Oct 11, 2025. The author states they break down how the crash started and spiraled, highlighting a broad deleveraging event that is directly relevant for traders managing risk across BTC, ETH, and altcoin derivatives. Source: Bull Theory (@BullTheoryio) on X, Oct 11, 2025.