TREE NEWS reports: One year after the October 2025 crypto crash, the high-leverage and crowded-trade risks that triggered it remain in place. Bitcoin had just set an all-time high near $126,000 before falling from about $122,000 to $105,000, sparking roughly $19 billion in crypto liquidations. Connors said open interest sat near record highs as traders bet on a four-year cycle rally, and the reversal was driven by derivatives rather than on-chain demand.
One Year After ‘1011 Crash,’ Crypto Leverage Risk Persists: Report
Related Coin Charts
AI take
The report's core point is structural: the October 2025 drawdown was a derivatives event, not an on-chain demand shock, and the conditions that produced it — record open interest and consensus positioning around a four-year cycle — have not been unwound. That matters because it implies fragility is still embedded in the market's plumbing rather than resolved by time alone. The open question is whether leverage keeps building into the same crowded trade, or whether positioning finally clears.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
38m ago
Bitcoin Short-Term Holder Cost Basis Climbs to $76K, Testing Conviction
41m ago
Whale Withdraws 44,144 COMP Worth Nearly $900K From Bybit
46m ago
HSBC to set up global AI research institute in Hong Kong in early 2027
49m ago
Binance Restores ETH and BNB Smart Chain Withdrawals
1h ago
Polymarket Odds of GPT Astra 6.1+ Release by Nov 15 Rise to 44%
1h ago
Binance Withdrawals Running Smoothly, Yi He Says, Warns of Possible Congestion