The cryptocurrency landscape has been shaken by an extraordinary $19 billion liquidation event following a sudden market downturn. Remarkably, one investor managed to earn a staggering $88 million by shorting Bitcoin just half an hour before the U.S. announced new tariffs.
Crypto analyst Vivek Sen revealed that the account responsible for this lucrative trade was established on the same day, sparking widespread speculation and suspicion among industry insiders.
SOMEONE JUST OPENED A #BITCOIN SHORT 30 MINS BEFORE TRUMP’S TARIFF ANNOUNCEMENT AND JUST CLOSED WITH $88,000,000 PROFIT
HE OPENED THIS ACCOUNT TODAY 👀 pic.twitter.com/GZuzLba1Op
— Vivek Sen (@Vivek4real_) October 10, 2025
Allegations of insider trading have surfaced as prominent crypto advocate John Deaton shared the information and demanded a thorough investigation into these activities.
If true, this needs to be investigated. https://t.co/8HDj3Qk6ap
— John E Deaton (@JohnEDeaton1) October 11, 2025
Historic Crypto Liquidation Events
This flash crash represents one of the most significant liquidation events in cryptocurrency history. The market turmoil was instigated by America’s decision to enforce an additional 100% tariff on Chinese imports alongside new software export restrictions.
The announcement reverberated through global financial systems with cryptocurrencies experiencing severe sell-offs as a result.
Bitcoin had recently achieved unprecedented heights above $125,000 but suffered over a 12% drop below $113,000 in response to these developments.
The leading digital currency is currently valued at $112,385.
According to Coinglass data analytics more than $19 billion worth of leveraged positions were liquidated within just one day affecting upwards of 1.6 million traders worldwide.
A remarkable portion totaling around $7 billion occurred within merely sixty minutes on Friday marking it as one of crypto’s largest recorded instances involving forced sales ever documented in history!