According to @MilkRoadDaily, roughly $1 trillion in crypto market capitalization was wiped out in a single day due to a macro shock rather than hacks or protocol failures, source: @MilkRoadDaily. @MilkRoadDaily reports that China suddenly restricted exports of rare earth minerals, and hours later Donald Trump announced 100% tariffs on Chinese goods, reigniting trade-war fears and sparking the largest risk-off move since 2022, source: @MilkRoadDaily. Within 24 hours, over $20 billion in leveraged positions were liquidated across major exchanges as BTC, ETH, and SOL sold off in sync amid cascading margin calls, source: @MilkRoadDaily. A follow-up statement from Trump eased market stress; with leverage flushed, buyers returned and BTC reclaimed its price from two weeks prior with ETH following, source: @MilkRoadDaily.

According to @MilkRoadDaily, ETH sold off sharply and then rebounded, with the team noting that smart money positioning remained steady during the move, which they frame as a key trading signal for sentiment and liquidity resilience, source: @MilkRoadDaily on X, Oct 13, 2025. According to @MilkRoadDaily, the session attributes the drawdown to roughly $20B in liquidations and examines whether the event could have been anticipated via positioning and market structure, source: @MilkRoadDaily on X, Oct 13, 2025. According to @MilkRoadDaily, they present a bull case that ETH is still on track to break all-time highs by the end of 2025 and outline timing considerations for that scenario, source: @MilkRoadDaily on X, Oct 13, 2025. According to @MilkRoadDaily, trading-relevant sections cover Q4 catalysts for ETH, the impact of DATs on price, whether protocol upgrades historically move ETH, and how a K-shaped crypto market may affect capital flows, source: @MilkRoadDaily on X, Oct 13, 2025. According to @MilkRoadDaily, the discussion also reviews venue dynamics around Nexo and Figure Markets and concludes with a portfolio strategy playbook for positioning after the crash, source: @MilkRoadDaily on X, Oct 13, 2025.

According to @MilkRoadDaily, SNX posted a 106% gain over the last 24 hours and is a leading asset in the current crypto rally. According to @MilkRoadDaily, following @LgDoucet from @MilkRoadDegen would have surfaced this call before the surge. According to @MilkRoadDaily, when the market is strong, studying the assets leading the rally—such as SNX—can help guide trading focus.

According to @MilkRoadDaily, five market-moving claims circulated last week: 1) NYSE invested $2B in Polymarket at a $9B valuation; 2) Galaxy Digital (GLXY) will establish a digital asset treasury; 3) China Renaissance plans a $600M BNB treasury; 4) Securitize aims to go public via a SPAC; and 5) MetaMask enabled in-wallet perpetual futures powered by Hyperliquid (source: @MilkRoadDaily, Oct 13, 2025). These items have not been corroborated by primary filings or official press releases at the assistant’s knowledge cutoff; traders should verify via NYSE/Intercontinental Exchange press releases, Galaxy Digital investor relations, China Renaissance and BNB Chain official announcements, SEC EDGAR for SPAC filings, and Consensys/MetaMask and Hyperliquid blogs before taking positions on these headlines (sources: respective official channels).

According to MilkRoadDaily, Donald Trump said he would impose 100% tariffs on China, and crypto prices sold off sharply over the weekend, indicating a risk-off move in digital assets (source: MilkRoadDaily on X, Oct 13, 2025). According to MilkRoadDaily, Trump later said it will all be fine with China, and crypto prices bounced back, highlighting rapid headline-driven reversals (source: MilkRoadDaily on X, Oct 13, 2025). According to MilkRoadDaily, this sequence underscores heightened sensitivity of BTC and ETH to US-China tariff rhetoric, reinforcing the need for tight risk controls during policy headlines (source: MilkRoadDaily on X, Oct 13, 2025).

According to @MilkRoadDaily, China weaponized its rare earth exports, escalating trade tensions that were followed hours later by a 100% U.S. tariff on all Chinese goods, triggering a broad market panic, source: @MilkRoadDaily. According to @MilkRoadDaily, BTC fell by 20,000 USD within minutes, pulling the entire crypto market lower, source: @MilkRoadDaily. According to @MilkRoadDaily, the stablecoin USDe depegged to as low as 0.62 USD, source: @MilkRoadDaily. According to @MilkRoadDaily, ATOM nearly went to zero during the crash, source: @MilkRoadDaily. According to @MilkRoadDaily, ENA dropped by nearly 80% and SOL fell about 40%, source: @MilkRoadDaily. According to @MilkRoadDaily, over 19 billion USD in leverage was wiped out as exchanges triggered Auto Deleveraging that closed positions even for traders who were in profit, source: @MilkRoadDaily. According to @MilkRoadDaily, this sequence produced one of the most violent days the crypto market has seen, underscoring extreme liquidity and ADL risk during macro shocks, source: @MilkRoadDaily.

According to @MilkRoadDaily, Google searches for “altseason” are at their lowest level since early July 2025, highlighting a sharp decline in retail attention toward altcoins. Source: @MilkRoadDaily on X, Oct 12, 2025. Lower Google Search Volume Index is widely used as a proxy for reduced retail attention and participation in risk assets, with empirical links between search activity and market flows documented in academic research. Source: Da, Engelberg, and Gao, Journal of Finance (2011); Preis, Moat, and Stanley, Scientific Reports (2013). In crypto markets, search interest has been shown to correlate with price dynamics and volatility, which traders use as a sentiment gauge when calibrating exposure to high-beta altcoins. Source: Kristoufek, Scientific Reports (2013); Garcia and Schweitzer, EPJ Data Science (2015).

According to @MilkRoadDaily, the Crypto Fear and Greed Index fell to 24, indicating Extreme Fear that has historically aligned with favorable entry areas for traders, but it is not a signal to rush back in. source: @MilkRoadDaily on X, Oct 12, 2025. The source advises staying composed and letting the market confirm direction over the coming week before adding risk. source: @MilkRoadDaily on X, Oct 12, 2025.

According to Milk Road (@MilkRoadDaily), ZEC was up about 40% on the day and was described as about to hit $300 in a post dated Oct 11, 2025, source: Milk Road on X, Oct 11, 2025.

According to @MilkRoadDaily, the post highlights how much Bitcoin (BTC) $110,000 buys today versus one month ago, drawing attention to the month-over-month shift in BTC purchasing power that traders should quantify before reallocating capital (source: @MilkRoadDaily on X, Oct 11, 2025). To measure it precisely, divide 110,000 by the BTCUSD daily close from 30 days ago and by the current spot to compare BTC units, using the CME CF Bitcoin Reference Rate for the prior close and a major spot venue quote like Coinbase BTC-USD or Binance BTCUSDT for live price to avoid noise and ensure consistency (sources: CME Group CF Bitcoin Reference Rate; Coinbase BTC-USD spot feed; Binance BTCUSDT spot feed). If today’s spot is higher than the 30-day-ago close the same $110,000 buys fewer BTC units, and if lower it buys more BTC units, a direct signal of positive or negative month-over-month performance for a fixed-dollar allocation that maps to USD PnL when revalued at current spot (sources: @MilkRoadDaily on X, Oct 11, 2025; CME Group CF Bitcoin Reference Rate; Coinbase BTC-USD spot feed).

According to @MilkRoadDaily, roughly 420M SOL is currently staked on Solana, while Marinade Finance accounts for about 10M SOL (around 2% share), highlighting its smaller footprint versus network totals; source: @MilkRoadDaily. According to @MilkRoadDaily, Marinade has launched native staking that delegates SOL directly to validators while Marinade optimizes rewards in the background; source: @MilkRoadDaily. According to @MilkRoadDaily, the protocol is generating about $13M in annual revenue and is allocating 50% of that revenue to MNDE buybacks that began on September 5; source: @MilkRoadDaily. According to @MilkRoadDaily, MNDE has a real market cap near $60M, implying an approximate 4x revenue multiple, and MNDE trades around $0.10; source: @MilkRoadDaily.

According to Milk Road @MilkRoadDaily, Bitcoin dominance spiked to 63.4% before pulling back to around 60% during the latest market sell-off; source: Milk Road @MilkRoadDaily on X, Oct 11, 2025. This sharp move shows money rushed out of altcoins and back into BTC; source: Milk Road @MilkRoadDaily on X, Oct 11, 2025.

According to @MilkRoadDaily, the past 24 hours saw broad crypto declines with 13 of 14 listed assets down, led by Litecoin (LTC) at -25.62% and Dogecoin (DOGE) at -22.91%, while Zcash (ZEC) was the only gainer at +15.57% (source: @MilkRoadDaily). According to @MilkRoadDaily, Bitcoin (BTC) fell -7.57% and Ethereum (ETH) dropped -11.55%, with ETH underperforming BTC by 3.98 percentage points (source: @MilkRoadDaily). According to @MilkRoadDaily, the median decline among the losers was -16.71% and the mean decline was -15.56% based on the reported returns (source: @MilkRoadDaily). According to @MilkRoadDaily, additional notable moves included Solana (SOL) -16.71%, XRP -12.14%, BNB -10.98%, Tron (TRX) -4.86%, Cardano (ADA) -18.58%, Chainlink (LINK) -19.42%, SUI -21.64%, Avalanche (AVAX) -19.63%, and Hyperliquid -10.64% (source: @MilkRoadDaily).

According to @MilkRoadDaily, the total crypto market cap fell from $4.26T to $3.24T in one session, described as one of the largest single-day drawdowns on record; source: @MilkRoadDaily, X post dated Oct 11, 2025. According to @MilkRoadDaily, despite the $1.02T decline, total market cap is still holding near levels that did not exist six months ago, signaling that the broader uptrend context remains intact from the author's perspective; source: @MilkRoadDaily, X post dated Oct 11, 2025. According to @MilkRoadDaily, the move is characterized as a gift rather than an end, implying a dip-buying bias; traders can anchor plans around the author-cited $3.24T area as the immediate line to gauge whether risk stabilizes for BTC, ETH, and major altcoins; source: @MilkRoadDaily, X post dated Oct 11, 2025.

According to @MilkRoadDaily, total crypto market cap dropped from 4.26 trillion dollars to 3.24 trillion dollars in a single day, a roughly 24 percent drawdown, source: @MilkRoadDaily on X dated Oct 11, 2025. The same post notes the market cap remains near ranges that did not exist six months ago, source: @MilkRoadDaily on X dated Oct 11, 2025. Holding above the prior cycle all-time high around 3 trillion dollars from November 2021 is a key risk level for trend management, source: CoinMarketCap historical total crypto market cap series for 2021; treating prior highs as potential support follows standard support and resistance principles, source: Investopedia overview of support and resistance. For trade planning, monitor 3.24 trillion dollars as the immediate pivot, 3.0 trillion dollars as cycle support, and 4.26 trillion dollars as recent supply, sources: 3.24 and 4.26 from @MilkRoadDaily on X, 3.0 from CoinMarketCap historical ATH; momentum confirmation is commonly inferred from level breaks in market-cap breadth gauges, source: Binance Academy explanation of crypto market capitalization and its use as a market-wide indicator. The author described the move as a gift, indicating a buy-the-dip stance from the source, source: @MilkRoadDaily on X dated Oct 11, 2025.

According to @MilkRoadDaily, crypto just experienced its biggest liquidation event on record, with ATOM printing a 0.001 flash crash on Binance, ZEC dumping then snapping back, and BTC posting its first ever 20,000-dollar single-candle drop. source: @MilkRoadDaily. This underscores how fast the market can move and highlights venue-specific price dislocations that can trigger cascading wicks and forced liquidations. source: @MilkRoadDaily. The source notes its analysts are mapping the next risks and upside and how to position for a potential rebound. source: @MilkRoadDaily. For traders, immediate focus is managing volatility and venue risk after the reported dislocations by using conservative position sizing, lower leverage, and patient limit orders until liquidity normalizes. source: @MilkRoadDaily.

According to @MilkRoadDaily, a post on Oct 10, 2025 relays that @ethereumJoseph of SharpLink Gaming argues $ETH is the structural trade of the decade and that Ethereum is becoming the backbone of global finance, signaling a long-duration allocation thesis over a decade-scale horizon for ETH rather than a short-term tech bet (source: @MilkRoadDaily, Oct 10, 2025). The post provides no new metrics, timelines, or product/regulatory updates, indicating a narrative catalyst rather than a discrete fundamental event for ETH price action (source: @MilkRoadDaily, Oct 10, 2025). For traders, this is a sentiment-driven signal from an industry executive that may shape positioning narratives around ETH, but it does not include specific catalysts or data to quantify impact or timing (source: @MilkRoadDaily, Oct 10, 2025).

According to @MilkRoadDaily, the total crypto market cap excluding BTC, ETH, and stablecoins faces a key ceiling at $953B that marked the 2021 peak and a 2024 rejection. Source: @MilkRoadDaily, X, Oct 10, 2025. The metric currently sits near $860B, grinding higher but still below that resistance. Source: @MilkRoadDaily, X, Oct 10, 2025. @MilkRoadDaily notes that a break above $953B would signal capital rotation into altcoins and could mark the start of altseason. Source: @MilkRoadDaily, X, Oct 10, 2025. Based on these figures, the gap to resistance is roughly $93B, or about 11%, underscoring the remaining move needed for confirmation. Source: @MilkRoadDaily, X, Oct 10, 2025.

According to @MilkRoadDaily, stablecoin supply across Ethereum mainnet and major L2s is almost $200B, source: @MilkRoadDaily on X, Oct 10, 2025. The source states that stablecoins are the settlement layer for the crypto ecosystem and that Ethereum owns that settlement flow, source: @MilkRoadDaily on X, Oct 10, 2025. Based on this view, the source says ETH will go higher, source: @MilkRoadDaily on X, Oct 10, 2025.

According to @MilkRoadDaily on X (Oct 8, 2025), crypto charts are bleeding with liquidation wicks and extended red candles, indicating a risk-off backdrop for BTC, ETH, and SOL. According to @MilkRoadDaily on X (Oct 8, 2025), traders are urged to take profits, avoid leverage and meme coins, and adopt a spot-only strategy, emphasizing de-risking and capital preservation. According to the X post by @MilkRoadDaily (Oct 8, 2025), near-term positioning favors patience for a reversal over aggressive shorting, implying reduced appetite for high-beta plays and tighter risk management.