Tag: Black Friday
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Inside Crypto’s ‘Black Friday’: $20B Liquidation Wipes Out Leverage
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Over the weekend, the crypto market experienced what traders are now calling “Crypto Black Friday.” Within just 24 hours on October 10, more than $19 to $20 billion in leveraged positions were liquidated, marking the largest single-day washout in digital asset history. According to exchange data, Hyperliquid processed over $10 billion in liquidations, while Binance…