Bitcoin Still Down 34% a Year After Record $19 Billion Crypto Liquidation
Bitcoin remains more than 34% below the peak of its major weekly sell-off candle one year after the October 10, 2025, cryptocurrency market crash triggered a record liquidation event involving more than $19 billion in leveraged positions across 1.6 million traders, according to Coin Bureau.
The market shock came just four days after Bitcoin (BTC) reached an all-time high above $126,200 on October 6, 2025. The subsequent liquidation wave became the largest on record, wiping out leveraged positions across the cryptocurrency market and marking a significant turning point in Bitcoin's price performance, Coin Bureau said in a post on X.
Bitcoin's Record High Preceded the October 10 Crash
Bitcoin's rally to an all-time high above $126,200 on October 6, 2025, preceded the liquidation event by four days. On October 10, the market experienced an unprecedented wave of forced position closures, with more than $19 billion in leveraged positions liquidated across 1.6 million traders.
The scale of the event made October 10 a notable date in cryptocurrency market history. Liquidations occur when leveraged positions are forcibly closed after traders can no longer meet the required margin conditions. When large numbers of positions are liquidated during a sharp market move, the process can intensify market volatility. Coin Bureau described the October 10 episode as the largest liquidation event on record.
The post characterized the crash as a turning point for the market, with Bitcoin's subsequent price performance showing that the effects had persisted well beyond the initial sell-off.
BTC Has Yet to Recover Its Pre-Crash Levels
Despite a rebound from June lows near $58,000, Bitcoin had not recovered its pre-crash levels by the time of Coin Bureau's one-year assessment. The cryptocurrency also remained more than 34% below the top of the large red weekly candle associated with the sell-off.
The distinction between a rebound from a low and a full recovery is important in assessing Bitcoin's performance since the crash. Although BTC moved higher from levels near $58,000 recorded in June, Coin Bureau's comparison indicates that the recovery had not been sufficient to return the asset to its position before the October 10 liquidation event.
The post did not provide a precise current Bitcoin price or specify the exact date of the June low beyond identifying it as near $58,000. Its central comparison instead focused on the gap between Bitcoin's prior peak and its price performance one year after the crash.
One Year Later, the Sell-Off Remains Visible
Coin Bureau's retrospective linked Bitcoin's current position to the sequence of events that began with its record high on October 6, 2025, and culminated in the October 10 liquidation wave. The event erased more than $19 billion in leveraged positions and affected 1.6 million traders, according to the account.
One year later, Bitcoin had rebounded from its June markets lows but had still not reclaimed its pre-crash levels. Coin Bureau said the impact of the October 10 sell-off remained visible on Bitcoin's price chart, with BTC more than 34% below the top of the major red weekly candle.
Writer: Victoria HaleTechnology & Blockchain WriterVictoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.She prioritises clarity and accuracy when explaining technical developments to a general audience.
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