A historic $19 billion liquidation event occurred in the cryptocurrency market on October 10, 2025, driven by escalating trade tensions. The incident, triggered by former US President Donald Trump’s announcement of a 100% tariff on Chinese imports, saw major exchanges struggle to process the volume of orders resulting in significant losses for traders and impacting Bitcoin, Ethereum, and Solana significantly. 1.6 million traders globally were affected by this unprecedented market event. Experts are now evaluating the sustainability of leveraged trading strategies as concerns grow over potential systemic risk within the cryptocurrency ecosystem. The impact has surpassed previous records, raising questions about geopolitical influence on financial markets.