According to @bobbyong, widespread liquidations hit crypto perpetual futures, wiping out even 1.5x leverage positions when many assumed only 2-3x would be at risk, source: @bobbyong on X, Oct 11, 2025. According to @bobbyong, traders should enforce strict stop-loss discipline and consider avoiding leverage to reduce liquidation risk after this event, source: @bobbyong on X, Oct 11, 2025.