Amberdata Links WLFI Selloff to $6.93B Crypto Liquidation Wave on 10 October 2025

On 10 October 2025, around $6.93 billion in leveraged crypto positions were wiped out within an hour, with Bitcoin sliding about 15% from near $121,000 and Ethereum dropping roughly 20%. According to Amberdata, trading in World Liberty Financial Token (WLFI) turned highly volatile more than five hours before the crash, with volume jumping 21.7 times normal levels and funding rates hitting 2.87% per eight hours. The firm views WLFI's move as a case study in how structurally leveraged tokens can reflect systemic stress, but stresses this is based on a single observation rather than proof of predictive power.