The Leverage Tinderbox: How Geopolitics and Open Interest Fueled the Largest Wipeouts Ever

27-Dec-2025 Bitcoin.com
The Leverage Tinderbox: How Geopolitics and Open Interest Fueled the Largest Wipeouts EverThe start of Trump’s second administration in January 2025 fueled optimism in crypto markets, driving bitcoin to record highs, but each time the euphoria quickly gave way to volatility. The sharp corrections wiped out billions in leveraged positions and left 1.6 million traders liquidated on Oct. 10 alone. The Reality Check: Volatility and the Deleveraging […]
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