faster to sell off there and wait for it to be in real price

So most likely cause by Trump posting he will impose +100% tariffs on China

this crash is real

The recent sell-off saw over 1,000 wallets on Hyperliquid get completely liquidated, while 6,300 wallets are now in the red, with 205 losing over $1 million each.

The sell-off, triggered by U.S. President Donald Trump's announcement of additional tariffs on Chinese imports, erased over $1.23 billion in trader capital on Hyperliquid and $19 billion across the crypto market in a 24 hours.

Of that amount, an extraordinary $7 billion in liquidations took place within just one hour on Friday, representing one of the largest waves of forced selling ever recorded in the crypto market.

https://www.coindesk.com/markets/2025/10/11...-on-hyperliquid

Leverage amplify profits as well as losses. Many thought their skill brought in the win and not their luck and circumstances.

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 👀

https://www.tradingview.com/news/u_today:60...t-before-crash/

Crypto trading is very addictive.

i think ada inside info one

Even if there is inside information; as crypto market is largely unregulated, there is nothing much could be done.

Ever since Trump take over for 2nd time, this shit happens very often. Last time only black swan kind of event like Covid and FTX crash can cause this kind of destruction.

Now the orange clown just need to announce some shit and booom, almost everyone got rekt except him and his close allies.

Crypto price is supposed to immune from gomen action.

The Kobeissi Letter-

The more you learn about the October 10th crypto liquidation, the crazier it gets:

First, crypto began selling off at 9:30 AM ET, well before the first tariff post at 10:57 AM ET.

At this point, many "whales" were already loading shorts in anticipation of a big drop.

Then, at 4:30 PM ET and 4:49 PM ET, a "whale" purchased over $23 MILLION of shorts.

Where it gets even more crazy is that longs were liquidated at a 7:1 ratio to shorts, also historically high.

This means that the vast majority (likely 80%+) of the 1.6 MILLION traders who were liquidated were levered long.

The "whales" then promptly sold shorts into the 5:20 PM ET bottom, just 30 minutes later, as volume crushed longs.

Volume was so strong that it led to the first EVER $20,000 candlestick in Bitcoin, a -$380 BILLION drop in market cap, before a V-shaped bottom as shorts were closed.

Not only was this the largest liquidation ever, it was 9 TIMES the previous record.

This event will be referenced for years to come.

No unhosted crypto wallet is safe from u.s. doj.

Use proper encryption and it's mathematically impossible. 
Brazilian banker's crypto baffles FBI
FBI struggles to seize 600,000 Bitcoins from alleged Silk Road founder

Of course if you willingly give up your private keys to get a better sentence that's a different story.

Your article is over 10 years old, decryption capacity evolve with more powerful computer.

TrueCrypt used AES256 10 years ago, and even if you tried a quintillion keys a second it won't be broken even in a BILLION years.

Your best possibility is a future quantum computer running Glover's algorithm but that hasn't been invented yet.

But forget crypto wallet, if that was invented every transaction on the internet would be cracked.

Algorithms could reduce brute force by a few order of magnitude. this is how most encryption is cracked.

Few order is not enough, and anyway these algorithms do not exist. Other than Grover's algorithm, which is theoretical and requires quantum computers, nothing is known to crack AES256 yet.

u.s nsa don't disclose their algorithms and methods.