Crypto Black Friday Explained
Crypto Black Friday led to the disappearance 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, dubbed Crypto Black Friday, with over $19.5 billion in leveraged positions wiped out in just a few hours, causing Bitcoin to drop by 8.4% and shaking investor confidence worldwide.
The event was triggered by the US's 100% tariff announcement on Chinese goods, which fueled fears of higher inflation and tighter Federal Reserve policy, exposing deeper cracks in the system, including automated trading, thin liquidity, and structural weaknesses.
What began as a reaction to the US's 100% tariff announcement on Chinese goods quickly revealed much deeper cracks in the system.
- $19.5 billion in leveraged positions were wiped out in hours.
- Bitcoin dropped by 8.4%.
- Investor confidence was shaken worldwide.
Author's summary: Crypto Black Friday wiped out $19.5 billion in hours due to structural flaws.