2026-01-13 20:49:07

Crypto futures markets experienced a dramatic deleveraging wave on October 10, 2025, affecting multiple platforms including several major exchanges and Hyperliquid. However, the situation stabilized significantly by December, with open interest regaining equilibrium. This stabilization suggests that the acute deleveraging shock from early October has diminished as a driving force for market movements. The contrast between the sharp volatility of that period and December's steadier conditions indicates the market has largely absorbed and adjusted to those initial liquidations.

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Whale_Whisperer

· 21h ago

The October liquidation wave was really intense, almost wiped out everything --- From October to December, this reversal is quite interesting --- Stabilized is good, but I feel the next wave will be even fiercer --- Wait, has the market really digested everything? I have my doubts --- How many people's principal was eaten alive in October? Now pretending nothing happened? --- December isn't as crazy as October, that's true. But who knows when another wave will come --- The opening position interest has stabilized, but it feels a bit fake... --- I've seen even fiercer waves in October, this isn't anything --- Balanced? Why am I still losing then

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GateUser-a180694b

· 01-13 21:19

The October big liquidation now seems a bit childish, haha

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ForkInTheRoad

· 01-13 21:17

October's liquidation wave was really fierce, the entire market was screaming... Now in December, it's actually stabilized a bit, which is a bit strange.

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Rugman_Walking

· 01-13 21:17

The October liquidation wave was really intense. Luckily, December recovered, or it would have been a crash.

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NotFinancialAdviser

· 01-13 21:15

The October liquidation wave was truly incredible, almost wiped out my account. --- Honestly, December's stability makes me a bit uncomfortable; it feels too calm, like something's wrong. --- Suffered three months of liquidation pain to finally reach this balance, I feel for the brothers who got wiped out. --- Rebalancing trading interest? Sounds good, but in reality, it's just cutting the grass and re-cutting it. --- From the madness of October to the silence of December, this V-shaped rebound was truly impressive. --- The market's absorption capacity is still decent, but who can withstand another such decline next time?

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LayerZeroHero

· 01-13 21:12

The liquidation wave in October was really intense, almost lost my pants in the process. --- From the devil of October to stability in December, the contrast is just too big... --- Alright, once the leverage is cleared, it will be stable. What’s meant to come will come. --- So, does that mean October was a round of shark attacks, and only now are we recovering? --- Once the leverage is cleared, the market can breathe a sigh of relief. It’s a pretty normal routine. --- The liquidation in October was like a roller coaster, only in December did it start to recover. --- What stability? The real test is still ahead.

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