đ„ Not 19 billion â the actual loss was around 2.3 billion dollars
According to CryptoQuant data, reports of a â19 billion dollar liquidationâ during the sharp drop on October 10 were exaggerated.
Analyst Carmelo AlemĂĄn explains that the 19 billion dollars refers to the value of leveraged (debt-based) positions on exchanges, not the real lost funds.
đč Based on on-chain data, the actual liquidation amount was only about 2.31 billion dollars.