Jonathan Man on What Happened and How

October 12, 2025

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1 min read

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CoinDesk

A Bitwise portfolio manager’s account of Friday’s chaos —and why the aftermath may matter more than the drop.

Friday’s sell-off triggered what Bitwise portfolio manager Jonathan Man called the worst liquidation event in crypto history, with more than $20 billion wiped out as liquidity vanished and forced deleveraging took hold, in an article on X published S... [2753 chars]

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Source: CoinDesk

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