Biggest Crypto Liquidation Ever Sees $16B Longs Decimated Amid Market Chaos

In an unprecedented turn of events within the cryptocurrency market, the largest liquidation of leveraged long positions ever recorded has occurred, resulting in a staggering $16 billion being wiped out. This dramatic development comes amidst a backdrop of extreme volatility and uncertainty, as traders scramble to respond to rapidly changing market conditions and a wave of panic selling. The chaos has not only affected individual investors but has also sent shockwaves through the entire crypto ecosystem, raising questions about the sustainability of leveraged trading in such a tumultuous environment. source: https://www.coindesk.com/markets/2025/10/10/usd16b-in-longs-liquidated-as-wall-street-sell-off-extends-btc-eth-broader-crypto-market-meltdown