US markets suffered their steepest decline in six months with the S&P 500 down 2.7%, Nasdaq 100 plunging 3.5%, and Dow falling 1.9% after President Trump threatened a "massive increase" in tariffs on Chinese goods, sending the VIX above 21 and pushing investors into bonds as the 10-year Treasury yield dropped 11 basis points to 4.03%. Commodities reflected risk-off sentiment with WTI crude falling 4.3% to $58.84/barrel while gold climbed 0.8% to $4,010/oz, as China retaliated with new port fees on US ships and an antitrust probe into Qualcomm ahead of a planned Trump-Xi meeting later this month. European stocks declined 1% with technology falling 3.1% led by ASML, SAP, and Prosus, while automakers dropped 2.2% as Stellantis fell 6.7% and BMW declined 2.3%, though utilities reached their highest levels since 2008 as investors rotated into defensive sectors.
US Spot ETF Flows
Asset
Daily Inflow
Daily Change
Weekly Inflow
Total Assets
Daily Volume
BTC ETFs
$-4.5M
-102.3%
$1.8B
$159.0B
$9.8B
ETH ETFs
$-174.8M
+1946.3%
$483.1M
$27.5B
$4.8B
US BTC Spot ETF Flows
US ETH Spot ETF Flows
Crypto Liquidations Summary
Liquidation Type
Value
% of Total
24h Change
Total Liquidations
$589.39M
-
$+69.60M (+13.39%)
Shorts
$393.94M
66.8%
$+237.75M (+152.22%)
Longs
$195.46M
33.2%
$-168.15M (-46.24%)
BTC
$121.03M
20.5%
$+21.13M (+21.16%)
ETH
$219.24M
37.2%
$+59.58M (+37.32%)
Crypto Liquidations Summary Saturday 11 October 2025
Liquidation Type
Value
% of Total
24h Change
Total Liquidations
$18.62B
-
$+18.08B (+3359.82%)
Shorts
$2.40B
12.9%
$+2.24B (+1441.15%)
Longs
$16.22B
87.1%
$+15.84B (+4139.24%)
BTC
$5.36B
28.8%
$+5.20B (+3177.71%)
ETH
$4.43B
23.8%
$+4.27B (+2780.99%)
Crypto derivatives funding rates have fallen to 2022 bear market levels after billions of dollars in leveraged positions were liquidated, signaling a notable decline in market speculation and investor confidence.
The hyperliquid trader made millions of dollars from short positions placed minutes before Donald Trump's tariff announcement, sparking theories about possible insider information or other factors influencing the trade's timing.
Kalshi, a prediction marketplace and rival to Polymarket, will restrict access to its platform in 38 jurisdictions, including France and the UK, due to regulatory compliance issues.
Nasdaq-listed Aurelion Treasury raised $150 million to launch Nasdaq's first Tether Gold-backed corporate treasury, sending its stock up 19% on Friday despite being down over 94% since its IPO.
A Hyperliquid trader lost $21 million on Thursday after a private key leak enabled an attacker to steal 17.75 million DAI and 3.11 million SyrupUSDC from the platform's Hyperdrive lending protocol before bridging the funds to Ethereum, according to PeckShield, underscoring the need for cold wallet storage and careful management of smart contract approvals.
A crash in the cryptocurrency market on Friday triggered the most severe and rapid liquidations in crypto history, with some altcoins losing over 95% of their value, resulting in substantial financial losses for investors.
Binance Exchange experienced a 'display' issue that incorrectly showed tokens dropping to nearly $0, despite their actual value remaining unchanged, according to the exchange's statement.
