According to CryptoSlate, the crypto market experienced a significant shift starting in October, marked by reduced leverage, thinner liquidity, and weaker ETF bids. The change followed a liquidation event triggered by tariff announcements, leading to a market environment different from the optimism seen earlier in the month. Data indicates a drawdown from the October 6 peak, with confidence declining. The shift was highlighted by a major liquidation event where over $19 billion in leveraged positions were wiped out, dwarfing previous crashes. Liquidity vanished as buy orders thinned on exchanges like Binance, Crypto.com, and Kraken, exacerbating price swings. Bitcoin fell sharply, and altcoins experienced even more drastic declines.

According to CryptoSlate, the crypto market experienced a significant shift starting in October, marked by reduced leverage, thinner liquidity, and weaker ETF bids. The change followed a liquidation event triggered by tariff announcements, leading to a market environment different from the optimism seen earlier in the month. Data indicates a drawdown from the October 6 peak, with confidence declining. The shift was highlighted by a major liquidation event where over $19 billion in leveraged positions were wiped out, dwarfing previous crashes. Liquidity vanished as buy orders thinned on exchanges like Binance, Crypto.com, and Kraken, exacerbating price swings. Bitcoin fell sharply, and altcoins experienced even more drastic declines.