OKX Witnesses Major $5.5M Ethereum Liquidation Amid Market Turbulence
Ethereum experienced significant price volatility on October 17, 2025, tumbling below the $4,000 psychological level to trade at $3,953 after briefly touching $4,204 earlier in the session. This represented a daily decline of 3.8% as the cryptocurrency market faced substantial liquidations exceeding $650 million across various digital assets. Notably, Ethereum-specific liquidations accounted for $115 million of these losses, with a single massive liquidation event of $5.5 million occurring on the OKX exchange platform, highlighting the extreme volatility conditions in the market. The price action triggered a wave of liquidations that ultimately contributed to market stabilization as excess leverage was cleared from the system. Despite the downward pressure, analysts observed strong bid clustering near the $3,800 support level, indicating potential accumulation by long-term investors during the price dip. This support zone aligns with historical demand areas that have previously served as accumulation points for strategic buyers. The market dynamics suggest that while short-term volatility remains elevated, institutional and long-term holders continue to view these price levels as attractive entry points for Ethereum exposure. The substantial liquidation on OKX particularly underscores the platform's significant role in the derivatives market and its vulnerability to large position unwinds during periods of heightened volatility. Market participants are closely monitoring whether the $3,800 support level will hold, as a breach could trigger additional liquidations and further price declines. However, the accumulation behavior observed at these levels provides some optimism for Ethereum's medium-term prospects despite the current bearish pressure. The broader cryptocurrency market continues to navigate complex macroeconomic conditions and regulatory developments that influence price action across all major digital assets.
Ethereum Price Prediction: Crashing Now But $10,000 In Future?
Ethereum's price tumbled below $4,000, marking a 3.8% daily drop to $3,953 after briefly touching $4,204. Market stabilization followed heavy liquidations, with crypto-wide losses exceeding $650 million—$115 million tied to ETH. A single $5.5 million liquidation on OKX underscored the volatility.
Bids clustered NEAR $3,800 as long-term investors accumulated during the dip. Analysts noted this zone aligns with historical demand, though fresh leverage in ETH futures—up 8%—raised concerns. CryptoQuant's Maartunn warned that leverage-driven rebounds often falter, citing persistent funding and liquidation risks.
OKX Partners With Standard Chartered to Bring Bank-Grade Crypto Custody to Europe
OKX, one of the world's largest cryptocurrency exchanges, has forged a strategic partnership with Standard Chartered Bank, marking a significant step in bridging traditional finance with digital assets. The collaboration aims to expand OKX's institutional services across the European Economic Area (EEA) by leveraging Standard Chartered's regulated custody solutions.
The partnership introduces safeguarded collateral mirroring, enabling institutions to custody assets with the bank while trading on OKX's platform. This separation of custody and trading functions enhances security and trust, aligning with Europe's evolving regulatory framework for crypto assets under MiCA.
Erald Ghoos, CEO of OKX Europe, emphasized the MOVE provides institutional investors with safer, compliant access to digital assets. The arrangement is the first of its kind to offer bank-grade custody alongside direct exchange trading.
OKX Expands Institutional Collateral Mirroring Program with Standard Chartered into EEA
OKX is extending its collateral mirroring program with Standard Chartered to the European Economic Area, enabling institutional clients to custody digital assets with the bank while mirroring balances on the exchange for trading. The service bridges traditional finance and crypto markets, offering bank-grade custody alongside access to tokenized assets as off-exchange collateral.
Initially launched in the UAE earlier this year, the expansion follows OKX's strategic push under its MiCA license—though regulatory challenges persist after recent fines in Malta and the Netherlands. The partnership reflects growing institutional demand for hybrid solutions that combine regulatory compliance with crypto market exposure.
OKX Delisting Multiple Trading Pairs on October 23, 2025
OKX will delist several spot trading pairs, including SLERF, ALPHA, BADGER, OAS, MLN, and AIDOGE, effective October 23, 2025. The removal will occur between 08:00 and 16:00 UTC, prompting users to adjust their positions accordingly.
Traders must cancel open orders and manage funds before the deadline to mitigate potential losses. The exchange emphasizes proactive asset management during the transition.
