According to the source, approximately $7.5 billion in crypto positions were liquidated within the last 60 minutes, signaling a rapid cascade of forced closures across derivatives markets that typically occurs when margin thresholds are breached, source: Twitter, Oct 10, 2025. The reported scale and speed imply widespread market orders hitting order books in a short window, increasing slippage and short-term volatility that can impact pricing across major pairs and altcoins, source: Twitter, Oct 10, 2025. Traders should note that a liquidation wave of this magnitude concentrates risk in perpetual swaps and futures where leverage is high, making liquidity conditions and spreads particularly sensitive immediately after the event, source: Twitter, Oct 10, 2025.