{"id":109360,"date":"2025-10-31T08:50:18","date_gmt":"2025-10-31T08:50:18","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=109360"},"modified":"2025-10-31T08:50:18","modified_gmt":"2025-10-31T08:50:18","slug":"i-watched-1-6-million-traders-get-liquidated-heres-whats-coming-next","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=109360","title":{"rendered":"I Watched 1.6 Million Traders Get Liquidated. Here\u2019s What\u2019s Coming Next."},"content":{"rendered":"

Photo by TabTrader.com<\/a> on\u00a0Unsplash<\/a><\/p>\n

October was supposed to be bullish. You know, Uptober? Instead Bitcoin dropped from $126K to $104K.<\/strong> In 24 hours, $19 billion in leveraged positions evaporated. <\/strong>According to Coinglass, 1.6 million traders got liquidated.<\/strong><\/p>\n

But here\u2019s what\u2019s weird: institutions kept buying<\/strong> while everyone panicked.<\/p>\n

And now November looks like it could actually reverse everything.<\/p>\n

What Happened on October\u00a010<\/h3>\n

Trump tweeted about 100% tariffs on China. Rare earth export controls. The whole thing spiraled.<\/p>\n

Markets didn\u2019t care that this was about geopolitics. All they cared was that uncertainty spiked<\/strong>. Risk assets got sold. Crypto took the hit\u00a0hardest.<\/p>\n

The crash wasn\u2019t even about crypto fundamentals. It was pure macro panic. Traders with leverage got margin called. One domino hit another. $19 billion liquidated in 24\u00a0hours.<\/strong><\/p>\n

Pretty brutal. This was the largest single-day liquidation in crypto history \u2013 19 times bigger than the FTX collapse.<\/p>\n

But here\u2019s the thing: if you look at the mechanics of what happened, it\u2019s always the same story. Leverage unwinds. Positions cascade. Panic sells. It\u2019s predictable. <\/strong>Preventable.<\/p>\n

The traders who died were the ones who borrowed money. The ones who held on cold storage? They\u2019re fine.<\/strong> In fact they\u2019re up since October\u00a010.<\/p>\n

But Then October 30\u00a0Happened<\/h3>\n

Trump met Xi in South Korea. Literally two hours later, tariff deal done. 57% becomes 47%. Rare earth threat disappears.<\/p>\n

Suddenly the existential fear is\u00a0gone.<\/strong><\/p>\n

Bitcoin bounced. Markets normalized. Nobody\u2019s getting liquidated today.<\/p>\n

And for the first time in weeks, people started asking: \u201cWait, what\u2019s actually happening in November?\u201d<\/p>\n

So Why November Actually\u00a0Matters<\/h3>\n

There\u2019s this thing nobody\u2019s talking about.\u00a0XRP<\/strong>.<\/p>\n

The SEC lawsuit against Ripple ended. XRP was legally confirmed to NOT be a security. And now 11 different companies have filed for XRP ETF approval.<\/strong><\/p>\n

Polymarket says 99% chance one gets approved by year end. Bloomberg analysts: 95%.<\/p>\n

Do you get what that means? When an ETF gets approved, pension funds can finally buy it<\/strong>. Insurance companies. Your 401k manager. Billions\u00a0unlock.<\/p>\n

XRP is at $2.63 right now. When the ETF drops, that number is probably not staying\u00a0there.<\/p>\n

And when one alt gets a catalyst like that, Bitcoin usually follows. It\u2019s not the fundamentals. It\u2019s just how markets work. A big bet wins. People FOMO in. Capital\u00a0flows.<\/p>\n

The Fed\u00a0Thing<\/h3>\n

Powell said December rate cuts aren\u2019t \u201cforegone conclusion.\u201d Markets heard that as \u201cno cuts.\u201d Probably overreacted.<\/p>\n

But the point is: nobody knows<\/strong>. November 15 we get CPI. November 27 we get PCE. These numbers decide if December has a\u00a0cut.<\/p>\n

Lower rates = Bitcoin\u00a0happy.<\/strong><\/p>\n

That\u2019s probably the real November story anyway. XRP is just a cherry on\u00a0top.<\/p>\n

What I Actually\u00a0Think<\/h3>\n

October was a political event that people blamed on crypto. But crypto was just collateral damage.<\/strong><\/p>\n

The traders who got rekt were the ones who borrowed money. The ones who held on cold storage are fine. In fact they\u2019re\u00a0up.<\/p>\n

I spent the last three weeks thinking about this. The difference between survivors and the wiped out? Position sizing. Not using leverage. Having a backup\u00a0plan.<\/strong><\/p>\n

November looks different because the fear is gone. Tariffs are manageable. XRP has a real shot at an ETF. Rates might\u00a0drop.<\/p>\n

If you want to stay updated on how this actually plays out, FOLLOW\u00a0ME<\/strong><\/a>.<\/strong><\/p>\n

I Watched 1.6 Million Traders Get Liquidated. Here\u2019s What\u2019s Coming Next.<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":"

Photo by TabTrader.com on\u00a0Unsplash October was supposed to be bullish. You know, Uptober? Instead Bitcoin dropped from $126K to $104K. In 24 hours, $19 billion in leveraged positions evaporated. According to Coinglass, 1.6 million traders got liquidated. But here\u2019s what\u2019s weird: institutions kept buying while everyone panicked. And now November looks like it could actually […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-109360","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/109360"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=109360"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/109360\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=109360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=109360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=109360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}