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BEARISH 📉 : Oct. 10 Triggered Bitcoin Bear Market with Massive Derivatives Liquidation
On October 10, 2025, a major liquidation event occurred in the crypto market, marking a turning point for Bitcoin. Approximately $19 billion in futures positions were liquidated, causing a sharp price decline.
- Open interest fell by about 70,000 BTC in one day, rolling back months of leverage accumulation.
- This rapid liquidity destruction pushed Bitcoin into a bear market.
- Market structure changed, reducing the capacity for leverage and compressing speculative activity.
- Liquidity pressure increased with stablecoin outflows, coinciding with a $10 billion drop in stablecoin market capitalization.
- Spot trading volumes have halved since October, indicating weaker demand.
- Current conditions are uncertain, discouraging risk-taking.
At the time of reporting, Bitcoin was trading at $78,723.
