Oct. 10, 2025 Marked Bitcoin's Bear Turn as $19B Wipeout Cut OI by 70,000 BTC

Bitcoin's downturn traces back to Oct. 10, 2025, when a derivatives washout forced roughly $19 billion in futures liquidations as prices fell. CryptoQuant contributor Darkfost says open interest collapsed by about 70,000 BTC that day, resetting months of leverage and leaving speculation subdued amid weaker spot volumes and declining stablecoin liquidity.