The massive liquidation event of October 10 one year ago, which sent shockwaves through the virtual asset market, is drawing renewed attention.

■ What Happened on October 10 One Year Ago

At the time, the virtual asset market, including Bitcoin (BTC), experienced sharp price swings and large-scale liquidations. Altcoins are also assessed to have suffered steep declines.

■ Market Participants Look Back on an Expensive Lesson

On the 11th, market participant MrTranquility reflected on X about October 10, 2025 — exactly one year prior — describing the events of that day as an expensive lesson that investors should not forget.

He characterized the situation not as a mere downturn, but as an event involving: ▲liquidations worth billions of dollars, ▲significant damage to altcoins, and ▲a re-examination of traders' existing investment strategies. He then raised the question of whether traders are currently losing confidence, or whether whale investors are preparing new moves that retail investors have not anticipated.

■ Merely a Personal View... No Basis for a Repeat This Year

However, these remarks are only a personal opinion of a market participant and do not mean that whale investors' trading plans have been confirmed. There is also no evidence that last year's shock will be repeated around the same time this year.

Ultimately, the memory of October 10 one year ago is serving as a reminder of the risks of sharp price swings and leveraged trading in the virtual asset market.

[This article was written based on publicly available social media posts. Descriptions of the liquidation scale and market conditions reflect the claims of the post's author and have not been independently verified. Virtual assets are high-risk investment assets with high price volatility, and past market conditions do not guarantee future price movements. Investment decisions and their responsibilities lie with the investor. AI assistance was used in the writing of this article.]