This Day in History: 1 Year Since the Epic $20 Billion Liquidation of '1011'

BlockBeats news, at around 5 AM on October 11, 2025, the epic "1011" crash officially began. Bitcoin fell continuously without resistance over 30 minutes, with an average decline of nearly 1% per minute. The most extreme market movement occurred at 5:19 AM, when Bitcoin plunged over 4% in that single minute, dropping nearly $5,000, ultimately wicking down to $102,000.

Bitcoin plummeted 12% overnight that day. On the news front, Trump announced the restart of a trade war that day. Altcoins subsequently suffered a bloodbath, with over $19.156 billion in liquidations across the cryptocurrency industry within 24 hours and over 1.6 million people liquidated. Every single figure set a 10-year historical record for cryptocurrency contract trading.