World Liberty Advisor Explains the Real Reason Behind the October 10 Crypto Crash
In an exclusive BeInCrypto podcast, World Liberty Financial advisor and Glue.Net founder dissected the catalysts behind one of the largest single-day collapses in recent crypto history. The sell-off wasn't triggered by a single event but rather a convergence of factors—macroeconomic jitters, liquidity gaps, and over-leveraged positions.
'You don't die from heart disease because you only ate a lot of burgers,' the advisor remarked, drawing parallels to the complex interplay of market forces. Algorithmic trading systems exacerbated the downturn, with Donald Trump's remarks on US-China relations amplifying panic.
Cross-margin systems, which LINK all positions together, proved particularly destructive. 'Over-leveraging in professional exchanges is probably the most important part,' the advisor noted, highlighting a critical design flaw that wiped out entire portfolios.
