Bitcoin, Ether Crash: Over $19 Billion Wiped Out As Crypto Markets Crash, ‘Worst-Ever Liquidation’

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Last Updated:October 11, 2025, 15:37 IST The "largest liquidation event in crypto history" erases more than $19 billion in positions, impacting over 1.6 million traders. Crypto Crash: More than 1.6 million traders suffered losses exceeding $19 billion after the cryptocurrency market tumbled following Donald Trump’s announcement of an additional 100% tariff on Chinese imports, Bloomberg reported. Citing 24-hour data from Coinglass, the report said the “largest liquidation event in crypto history" erased more than $19 billion in positions, impacting over 1.6 million traders. It added that nearly $7 billion worth of holdings were liquidated within just one hour of trading...