Bitcoin’s Worst Day Is Returning. The Same October Week Now Has a New Market Threat

One year ago, Bitcoin (BTC) was worth more than ever. Four days later, one post from the White House erased $19 billion in bets.

Traders call that crash 10/10. It turns one on Saturday, and Bitcoin has still not recovered. It trades at $85,558, about 32% below its record.

How One Tariff Post Wiped Out 1.6 Million Traders

On October 6, 2025, Bitcoin hit about $126,200, effectively marking a new all-time high for the pioneer crypto. Four rays later on October 10, President Donald Trump announced a 100% tariff on Chinese goods. Crypto prices fell within hours.

Many traders had bet with borrowed money (leverage). When prices drop far enough, exchanges close those bets automatically. This is called a liquidation.

Data tracker Coinglass counted more than $19 billion in liquidations, its largest ever. About $7 billion vanished in one hour. Reportedly, over 1.6 million traders were hit.

The slide kept going, until the Bitcoin price ultimately bottomed near $58,600 on July 1.

Why Diesel Is the New Threat This October

This year, the danger sits at the pump. The US war with Iran is in its eighth month. Two things have happened this week that highlight growing tensions.

Gulf crude is flowing again, at 91% of pre-war exports in September. Fuels such as diesel reached only 60%, Vortexa data shows.