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A Year After Crypto’s Fiercest Liquidation Frenzy: Bitcoin Still Lingers Below Its Peaks 🖤🕸️

October’s got this killer rep in crypto as Uptober, that magically green month historically packed with fat gains fr. 💰 Last year’s edition hit different tho. Btc mooned straight to its fresh all time high near $126,000. But then it crashed through the biggest liquidation nightmare ever. This weekend marks one year since that pain train. 🖤

A Spooky Date We Can’t Forget 😈

Right before October 10 Btc was ripping higher earning that Uptober glow up. The record spike landed on October 7 just over $126,000. Analysts and die hard bulls started screaming about $200,000 or even $500,000 targets by year end. The truth hit way harder tho. On October 10 2025 escalating trade drama plus insane leverage sparked a brutal sell off. Total wrecked positions smashed past $19 billion in just one day. Bitcoin nose dived from $122,000 down to $105,000 on most spots and even $101,000 elsewhere. Over 1.6 million traders got rekt outta nowhere. 🕸️ That drop felt extra savage since it came only 48 to 72 hours after the fresh high above $126,000. Today that level feels like total fiction rn.

Still Healing In This Weird Market 🌙

That epic crash kicked off a long bear phase that bottomed out below $58,000 on July 1. Bitcoin slid 53 percent in months after the worst liquidation ever. Now it chills around $82,000 to $83,000 down 34 percent from the 2025 peak. 💸 Things look way better than July but some red flags popped up last week when Btc dipped from $87,000 to $80,400 before bouncing back. On the bright side five key indicators just flipped bullish for the first time since 2025. Still that October 10 2025 moment needs remembering. Maybe it teaches folks not to ape all in during green days or panic sell on reds. Last week’s pullback wiping over $1 billion in leverage proves some traders still haven’t learned lol. 🔥


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Near Climbs Ten Percent Daily As Bitcoin Lurks Toward 83K This Weekend 🖤🌑

Bitcoin’s price is clawing back from that brutal Thursday crash and it’s chilling near 83,000 right now after hitting that ugly multi-week low below 80,500 🖤.
Most bigger alts are still dragging their feet daily tho with ETH stuck under 2,500 and XRP barely holding the 1.40 line. ADA and NEAR are the ones actually popping off rn.

BTC stalking 83k resistance ✨

The week kicked off solid for BTC as it pumped a couple grand Monday morning and tapped 87,000 for the first time since last Friday. But then it got slammed back to 85,000 just like the prior week. Bulls tried pushing again yet bears brought the full army this time and crushed it hard under 84,000 Tuesday. Recovery stalled Wednesday and Thursday the whole thing fell apart. BTC dropped several grand in days straight to that 80,400 low 💀. It bounced back up to 83,400 yesterday only to stall again and now sits right under 83,000 🌑. Market cap slid to 1.660 trillion while dominance spiked to 59.5 percent.

BTCUSD October 10. Source: TradingView
BTCUSD October 10. Source: TradingView

ETH dipped to 2,400 in the bloodbath and crawled back near 2,500 now yet still miles from its 2,800 local high 🕷️. XRP touched 1.34 then edged to 1.41. BNB sits at 750 after tiny gains like DOGE and LINK. SOL TRX and HYPE are the slight losers. Cardano’s ADA jumped 7 percent reclaiming 0.255 while NEAR’s token mooned over 10 percent to 5.25 🦇. DOT WLD and a few others also printed nice moves. Total market cap lost 200 billion before recovering to 2.8 trillion.

Cryptocurrency Market Overview October 10. Source: QuantifyCrypto
Cryptocurrency Market Overview October 10. Source: QuantifyCrypto

Weekend vibes feel extra chaotic with BTC eyeing that 83k mark again while alts like NEAR go feral 🌙.


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Ledger Digs Into The $86M Crypto Drain As Reseller Supply Worries Creep Up 🕸️🦇

Omggg you guys on-chain researchers are estimating $72 million to $86 million could be missing rn as Ledger digs into reports of huge crypto losses from peeps who grabbed hardware wallets via an authorized Southeast Asian reseller 💀. The hardware wallet maker stated no sign their own systems got hit yet users are flooding X to vent about big drains 😈.

How Much Was Stolen? 💸

Ledgers official support crew on X confirmed they are checking user reports from CryptoBilis buyers in Indonesia Malaysia and the Philippines while telling that reseller to pause sales and shipments for now 🖤. Anyone who bought from them in the last 90 days and skipped setup should not start rn tho 💀. Already using one of those? Consider moving assets to a fresh Ledger with a new seed phrase 👀. On-chain sleuth tanuki42 traced over $72 million to shady theft wallets while Specter put losses past $86 million across BTC ETH and TRX 🔍. Ledger hasnt confirmed those numbers and overlap stays unclear ⚠️. MistTrack thinks it could hit closer to $90 million while Tether froze some USDT in connected wallets 🕵️‍♀️.

What Happened? 😱

Details stay scarce but CZ dropped that it looks like a localized supply chain attack on one vendor where a few customers maybe got fake or tampered devices 🔥. Former Mt Gox CEO Mark Karpeles noted he already checked modified Ledgers with hidden implants and asked CryptoBilis to inspect their stock for similar parts 😭. He said the implant could watch internal comms to snag recovery words even if the real secure element stayed untouched. Ledger insists reports tie only to CryptoBilis products with zero compromise to their core setup. One user Edward Winz publicly shared he lost $1 million in this mess. This hits just a month after Trezor had its own breach exposing over 80,000 US users data.
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UK Sanctions Three Crypto Firms Over Russia Ties 🦇🌑

Omg the UK just dropped sanctions on crypto payment processors Cryptomus and Heleket plus the Kyrgyzstani exchange TokenSpot back on October 8 after Chainalysis traced them straight into illicit money flows tied to Russia’s sanctions dodging scene 😈 The hits target key pieces of the infrastructure pumping cash through crypto with payment services pulling in funds from thousands of shady counterparties and exchanges hooked to that ruble backed token web 💀

Chainalysis Sniffs Out Dirty Flows Via Three Hot Crypto Plays 🖤

In a fresh breakdown dropped alongside the announcement Chainalysis showed that Cryptomus and Heleket both run by Xeltox Enterprises Ltd had slurped funds from over 15,000 distinct illicit sources spanning every crime category they track 🕷️ In spots like scams sanctioned zones and terror financing their bad inflows actually beat out all mixing services in the dataset combined 🌑 Illicit links to those two processors spiked past 900 in just one month late 2025 and Chainalysis figured the Garantex shutdown might’ve pushed users over since some already had accounts there 💉 The firm also warned new sanctions can flip old txns into illicit territory lol Cryptomus even promoted no KYC no KYB crypto payments on Russian cybercrime forums like BHF and Nulled and Canada slapped them with a CAD 177 million fine for AML CTF fails in October 2025 🪦 TokenSpot took a sneakier path where Chainalysis followed the money from that exchange plus Grinex and Meer into a shared HTX deposit address that soaked up more than $308 million 🕸️ They spotted ties to Moldovan biz guy Ilan Shor and the A7A5 swapper turning ruble tokens into dollar stablecoins fr

Old Plays And The Bigger Sanctions Wave ✨

Grinex got spun up in Kyrgyzstan during December 2024 as a quick Garantex replacement that once handled over $100 billion while already under the hammer It paused ops in April after a hack drained more than 1 billion rubles around 13.74 USDT and TokenSpot dipped offline too at the same time HTX caught UK sanctions in May for routing over $1.5 billion straight to Russia The UK also tagged oil firms Zarubezhneft and INK Capital so now they cover more than 90% of Russia’s oil output capacity plus the bank Stolichny Kredit and twelve shadow tankers Seventeen more folks and groups importing machine tools electronics and materials for ballistic missiles and drones got named as well 🔪
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