Bitcoin and Crypto Market Sees Largest Liquidation Event in History with $150 Billion in Forced Liquidations

CoinGlass reported that the total nominal value of forced liquidations across both long and short positions in the Bitcoin and crypto market in 2025 was approximately $150 billion, with a daily average of $400-$500 million. The October 10 crash was the largest liquidation event in the market's history, with a market-wide liquidation volume of $19 billion, and the actual nominal liquidation scale likely reaching between $30 and $40 billion. The crash was triggered by Trump's announcement of 100% tariffs on Chinese goods, prompting investors to shift to a "risk-off" mode.