Crypto Black Friday Explained
Crypto Black Friday led to the loss of $19.5 billion in hours, revealing structural flaws and manipulation risks in crypto markets.
On October 10-11, 2025, the cryptocurrency market experienced a sharp collapse, with over $19.5 billion in leveraged positions wiped out, causing Bitcoin to drop by 8.4% and shaking investor confidence worldwide.
The crash began as a reaction to the US's 100% tariff announcement on Chinese goods, but revealed deeper issues, including automated trading, thin liquidity, and structural weaknesses that triggered a chain reaction across exchanges.
The first signs of the crash appeared after President Trump confirmed new tariffs on Chinese imports, fuelling fears of higher inflation and tighter Federal Reserve policy.
The community has dubbed this event Crypto Black Friday.
Author's summary: Crypto Black Friday wiped out $19.5 billion in hours due to structural flaws.
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