Cryptocurrency markets have experienced a major shakeup following a record-breaking liquidation event on October 10th, triggering concerns about investor vulnerability and setting the stage for potential market recovery. Analysts believe Bitcoin is likely to rebound towards $130,000 and Ethereum to $4,800 in the near term. The crash, which saw nearly $600 billion wiped off crypto markets following President Trump’s trade policies announcement, marked one of the largest single-day liquidations in cryptocurrency history, surpassing even the FTX collapse and COVID-related crashes. Experts suggest that this event has shaken out weaker players from the market and paved the way for increased institutional investment.