October Crypto Market Crash Results in $20 Billion Loss

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jan 09 2026

BTC+2.436%

XPL-1.07%

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Market Crash Impact: The October crypto market crash resulted in approximately $20 billion in losses, severely damaging market maker positions and highlighting the vulnerabilities of leveraged trading strategies amid extreme volatility.
Liquidity Crisis: Auto-deleveraging triggered by liquidations caused liquidity withdrawals, leaving order books at their lowest levels since 2022, which further exacerbated market volatility.
Shift in Trading Dynamics: Market participants are shifting from traditional platforms to decentralized perpetual swaps, although concerns about manipulation persist, indicating a significant change in the trading environment.
Transparency Issues: The incident exposed flaws in on-chain transparency and emphasized the resilience of trusted exchanges, although high transparency does not always safeguard traders, especially on platforms lacking proven security.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	36453.096	48226.548	61188.846	72962.298	85924.596	97698.048	110660.346
Fibonacci	48226.548	57675.604	63513.241	72962.298	82411.355	88248.991	97698.048

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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