Massive Crypto Crash: Order Book Reveals Hidden Vulnerabilities

On October 10th, the cryptocurrency market experienced a historic crash, resulting in over $19 billion in forced liquidations within minutes. This unprecedented event triggered a ripple effect of cascading liquidations, causing a dramatic $65 billion decline in open interest and exposing systemic weaknesses in crypto infrastructure. Experts believe technical flaws and potential coordinated attacks played key roles in this significant downturn.