Black Saturday shock: $19B liquidated in historic crypto crash

 ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Email doesn't look properly? Click the link

Black? A Black Saturday It Was! On Oct 11, crypto markets saw a record $19B in liquidations as total value plunged $660B. Bitcoin fell below $111K, Ethereum to $3.7K, and altcoins dropped ~20% after Trump's China tariff threat triggered global sell-offs. Over 1.6M traders were liquidated—mostly on Binance, where a USDe flaw deepened losses. Binance pledged $283M in compensation but denied responsibility. Check the current price Gainers & Losers The past two weeks brought strong moves across the market. Humanity (H), Bitlight (LIGHT), and Unibase (UB) led the rally, posting the biggest gains amid renewed investor optimism and rising trading volumes. On the flip side, Simon's Cat (CAT) was the period's main loser, sliding sharply after earlier hype faded and liquidity thinned. Humanity Protocol H $0.35 ▴ 144.96% Get H Bitlight LIGHT $2.17 ▴ 43.73% Get LIGHT Unibase UB $0.090 ▴ 151.66% Get UB Wondering what are the  best & worst performing crypto  on a daily basis? Subscribe to our price alerts here. What Shaped the Market? In the past two weeks, crypto markets were shaped by surging adoption, falling Bitcoin mining profits, and major XRP insider sales. Here's what drove recent market moves. Global Crypto Adoption Surges 125% in 2025 From January to September 2025, global retail digital asset transactions rose 125%, according to TRM Labs. South Asia led growth with an 80% jump to $300 billion, driven largely by India, which ranked first worldwide thanks to strong youth and investor demand. Pakistan ranked in the top three after launching a Cryptocurrency Council in March to support adoption. Notably, usage is also rising in countries where crypto is banned, including Bangladesh, Egypt, and Morocco. TRM Labs said this shows that bans are largely ineffective and may even push more people toward peer-to-peer and over-the-counter trading. Bitcoin Mining Profits Fall Bitcoin mining revenue dropped 7% in September, falling from $56K to $52K per EH/s, hit by a 2% price dip and rising network hashrate. Since the crash, earnings have stayed below $49K, the lowest since April's Bitcoin slump. Check the BTC price XRP Faces Pressure as Larsen Cashes Out Ripple co-founder Chris Larsen has raked in $764M in XRP profits since 2018, continuing his pattern of selling near local highs. XRP now trades 34% below its July peak of $3.66, with some attributing the drop to Larsen's large wallet outflows. XRP prediction After Black Saturday After the liquidations on October 11, traders shifted from derivatives to spot trading, boosting Binance daily Bitcoin volumes to $5–10B. Markets are eyeing a Fed rate cut on October 29. Bitget predicts a short-term crypto rise, while TECHNOBIT warns the cut may already be priced in, with traders seeking safe havens amid US–China trade tensions. Medium-term recovery could take 3–6 months. I will survive Have you enjoyed this letter? © Changelly 2015—2025 Get access to mobile-only rates Download the app to get exclusive benefits: Download About  |  Privacy Policy Manage Subscription Any information provided in this email does not constitute investment advice or investment recommendation nor does it constitute an offer to buy or sell or a solicitation of an offer to buy or sell digital assets or other financial instruments described in this email. In particular, this information should not be used as a substitute for suitable investment and product-related advice. Unless expressly stated otherwise, all pricing information is non-binding. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information in this email before making any decisions based on such information. IMPORTANT NOTICE: This sponsored content is for informational purposes only and not intended for persons in the United Kingdom. If you are accessing this from the UK, please note that this content has not been approved by an FCA authorised person. Cryptoassets are not regulated by the FCA and are high risk. The value of cryptoassets can go down as well as up and you may lose all your money. The content is for information only and not investment advice.