Crypto: The weekend when everything collapsed

Crypto: The weekend when everything collapsed
Ask AI TO SUMMARIZE ThIS ARTICLE

In 24 hours, the crypto market suffered the biggest shock in its history. More than $19 billion in positions were liquidated, Bitcoin dropped 15% in twenty minutes, and some platforms buckled. In the background: a decision by Donald Trump on China, a market saturated with leverage, and a mechanical chain reaction that became uncontrollable.

Your 2 free articles this month are up

The research your peers are already leveraging

The Big Whale gives financial institutions the market intelligence, network, and platform to move with confidence in digital assets. Trusted by 150+ firms.
Format
News
Grégory Raymond

Grégory Raymond is Head of Research and co-founder of The Big Whale. A specialist at the intersection of traditional finance and digital assets, he has been covering the regulatory, institutional and technological developments of the sector since 2017 for an audience of decision-makers: ,banks, asset managers and fintechs. He is also the author of Bitcoin & Cryptos: L'enjeu du siècle (Talent Éditions, 2025), a book built around interviews with key figures from the ecosystem.

See all articles ↗
Subscribe to The Drop
The leading weekly briefing on digital assets for financial institutions: independent analysis, reports, benchmarks and exclusive events, delivered to your inbox.
Read by 30,000 professionals
November 12–13, 2026

The Geneva Summit

The Corporate Gateway: where the future of onchain finance is decided. 300 handpicked decision-makers. One shared mandate.
300
Decision-makers
2 days
Intensive program