Huo Xing Finance reports that at around 5:00 a.m. on October 11, 2025, the epic "1011" crash officially began. Bitcoin experienced a continuous, unimpeded decline over 30 minutes, dropping at an average rate of nearly 1% per minute. The most extreme movement occurred at 5:19 a.m., when Bitcoin plunged over 4% in a single minute—losing nearly $5,000—and ultimately touched a low of $102,000. On that day, Bitcoin fell 12% in a single night. On the news front, Trump announced the restart of the trade war. Altcoins followed suit, suffering massive losses; within 24 hours, over $19.156 billion in liquidations occurred across the crypto industry, affecting more than 1.6 million traders—each figure setting a new all-time high in the 10-year history of crypto derivatives trading.
Crypto market sees $191.56B in liquidations on the first anniversary of the '1011' crash
MarsBitShare
Summary
On October 11, 2025, the crypto market experienced a major crash known as the "1011" event, with Bitcoin falling nearly 12% in a single day. The price dropped more than 4% in one minute, reaching $102,000. On-chain data reveals over $191.56 billion in liquidations occurred within 24 hours, affecting more than 160 million traders. The crash coincided with Trump’s announcement of a new trade war.
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