According to @ki_young_ju, a long flush deleveraged the crypto market, indicating a broad reduction in leveraged long exposure across derivatives. Source: @ki_young_ju, Twitter, Oct 13, 2025. In trading terms, deleveraging reflects a reset in leverage conditions, so monitoring funding rates, open interest, and liquidation metrics on BTC and ETH perpetuals helps assess when risk is rebuilding. Source: @ki_young_ju, Twitter, Oct 13, 2025.

According to @AltcoinGordon, the crypto market just experienced one of the worst crashes and the biggest liquidation event in its history, and he is bullish immediately following this deleveraging; source: @AltcoinGordon on X, Oct 11, 2025. He positions this as a post-liquidation bullish setup, contrasting with traders who turned bullish only after the wipeout; source: @AltcoinGordon on X, Oct 11, 2025.

According to @52kskew, altcoin open interest has dropped more than 50% across major alts, while small-cap alts saw 50-80% of OI wiped out, source: @52kskew on X, Oct 11, 2025. According to @52kskew, the positioning impact is on par with the FTX crash and the COVID crash, with small-cap alts more comparable to the COVID episode, source: @52kskew on X, Oct 11, 2025.