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Crypto apocalypse: Liquidated over 1 billion in just one hour!
Massive liquidations over $ 1.7 billion in the crypto industry on October 8, 2025. Bitcoin and Ethereum.
Crypto apocalypse: Liquidated over 1 billion in just one hour!
On October 8, 2025, the cryptocurrency industry experienced a massive decline that left the community in turmoil. In just one hour, long liquidations exceeded $1 billion. In the past 24 hours, total liquidations even reached over $1.74 billion. Over 95% of this came from long positions, meaning 406,814 traders were liquidated, while major tokens such as Bitcoin (BTC) and Ethereum (ETH) were hit by a dramatic price drop.
The Bybit trading platform reported that it led the market with $ 712 million of liquidations. Ethereum, which alone contributed $ 309 million to the total amount, and Bitcoin with $ 214 million within the last hour were particularly affected. Such extreme movements are reminiscent of the last large liquidation wave, which took place in February 2025 and resulted in $ 2.2 billion in 24 hours, according to [Crypto News] (https://crypto.news/why-is-crypto crashing-today- industry-rekt-as-as-1b-liquidationsocur-in-hour/).
Causes of the decline
The reasons for this decline lie in rising interest rates and the associated fears of inflation, which led many traders to move their capital into safer investments. As a result, Bitcoin fell below $115,000 on September 22nd, decreasing from around $114,400 to almost $112,000.
An additional factor contributing to this dramatic situation was the forced selling, which triggered a cascade of selling, thus further accelerating Bitcoin's decline. The Relative Strength Index briefly fell below 20, indicating extreme market moves and showing how badly market conditions have failed.
View into the future
Current market developments raise questions about the stability of cryptocurrencies and could radically change trading strategies. Traders may need to reconsider their investments and adjust their risk strategies to prevent future liquidations. It remains to be seen how the market will develop, especially given the economic uncertainties.