$BTC Everyone wants to blame the crash on fear — but this one was structural.
When the OKX CEO pointed at Binance’s “leverage loop,” it hit a nerve. And honestly, I get why. Excess leverage stacked on top of excess leverage doesn’t create liquidity — it creates a time bomb. Once price slipped, forced liquidations did the rest.
From my POV, the 10/10 meltdown wasn’t random panic. It was math catching up. When too many traders depend on borrowed conviction, the unwind is always brutal and fast.
This is the real lesson most people ignore: markets don’t break when leverage is added — they break when it can’t be sustained. Retail feels the pain, but the structure causes it.
If we don’t respect leverage cycles, we’ll keep repeating this movie.
Do you think this was mismanagement… or just the cost of a hyper-leveraged market?
