Description
Two red candles, nearly $1 billion in leveraged bets wiped out, and the "Bitcoin is finished" posts are back. If you're turning bearish right here, watch this first.
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Bitcoin dropped below $81,000 this week, briefly dipping under $80,000, and about $950 million of positions were liquidated in 24 hours (CoinGlass). I wasn't one of them, because I don't use leverage. On 10 October 2025, just over a year ago, more than $19 billion was liquidated in a single day, the biggest wipe-out on record, and people on 2x leverage got caught. Meanwhile the Bitcoin hash rate jumped over the past few days, right as the obituaries came out. In this video I cover why I own rather than trade, why my biggest position has always been Bitcoin, what the obituaries usually mean, and why you should stay away from celebrity memecoins, including the Mayweather token that collapsed this week.
Learning Crypto
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Learning Crypto is run by Heidi and Toby, who have covered Bitcoin and self-custody on this channel since 2016. We hold Bitcoin. Nothing here is financial advice and we are not licensed advisors. Markets are volatile, do your own research, and never invest more than you can afford to lose. Leverage can wipe out your position in minutes. We will never message you first on any platform; anyone who does is not us.
#Bitcoin #BitcoinCrash #Crypto