During the "1011" epic crash in the cryptocurrency market, Bitcoin briefly fell below $102,000 and Ethereum dropped to $3,373. The total liquidation amount across the network reached a staggering $19.1 billion, with over 1.6 million people liquidated. However, this extreme volatility also created three major wealth-making opportunities:

* Direct Shorting: A whale profited over $72.33 million in a single day by shorting BTC and ETH.

* Bottom Fishing: Many altcoins plummeted over 80%. WBETH dropped to $430 and BNSOL hit $34.9 at one point. Some investors profited by placing buy orders for these low-priced assets, with one KOL making approximately $8 million overnight.

* Stablecoin De-pegging: USDe lost its peg due to liquidity pressures, falling to $0.62. Those who bought the dip reaped high returns after its peg was restored.

While a small minority seized these opportunities to make fortunes, the vast majority of users faced severe losses. The market serves as a reminder for investors to control risks and preserve capital.

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Following 312 and 519, 1011 is destined to be another date written into cryptocurrency history.

Last night, triggered by Trump's sudden tariff remarks, global financial markets plummeted, and the cryptocurrency market suffered heavy losses—BTC briefly fell to 101,500 USDT, ETH to 3,373.67 USDT, SOL to 144.82 USDT, and BNB to 860 USDT.

Even more dramatic were the altcoins with smaller market caps. Possibly due to cascading liquidations, several altcoins saw short-term drops exceeding 80% or even 90%. Having personally experienced 312 and 519, I don't recall seeing such exaggerated single-day declines across the altcoin market before.

Note from Odaily: A screenshot of the Binance top losers list from the early morning—this wasn't even the lowest point.

Epic Liquidations: $19.1 Billion Wiped Out

Coinglass data shows that as of around 7:40 this morning, the total liquidation amount across the network in the past 24 hours was $19.133 billion, involving 1,618,240 liquidated traders. The largest single liquidation order was an ETH long position worth $203 million on the Hyperliquid platform.

In these extreme market conditions, while the vast majority of users saw their positions severely damaged (for example, Machi Big Brother faced multiple liquidations overnight), some managed to "snatch victory from the jaws of danger" and capture wealth-making opportunities.

Wealth Opportunity 1: Direct Shorting

The simplest opportunity was direct shorting, which requires little elaboration.

To give a brief example, Hypurrsan data showed that a whale address starting with 0x2ea18 profited $72.33 million in the past 24 hours by shorting BTC and ETH. This whale has withdrawn $60 million USDC back to Arbitrum, securing the profits.

Wealth Opportunity 2: Bottom Fishing

For spot traders, the biggest opportunity was undoubtedly buying the dip. If you had placed limit buy orders at low levels last night or stayed up all night, you had the chance to buy:

* XRP at $1.25

* DOGE at $0.095

* SUI at $0.55

* IP at $1

* XPL at $0.25 (This was at $2.7 just days ago!)

* ARB at $0.1

* AAVE at $79

* PENDLE at $1.65

* JUP at $0.05

* ENA at $0.13

* UNI at $2

* TRUMP at $1.5

* ATOM at $0.001 (Yes, you read that right!)

* IOTX at $0.00000 (Yes, you still read that right! Picture below ↓)

Beyond small-cap altcoins, major coins like ETH and SOL, while seemingly not dropping as drastically, also presented excellent buying opportunities. Due to liquidity constraints, the prices of some liquidity staking tokens experienced significant volatility. WBETH once dropped to $430, and BNSOL plunged to $34.9. Who would have imagined seeing ETH at $400 and SOL at $30 before bed last night?

After the market somewhat recovered, many KOLs began openly sharing their profit statements on X. For instance, Vida (@Vida_BWE) directly disclosed an overnight profit of roughly $8 million.

Wealth Opportunity 3: Stablecoin De-pegging

Aside from the uncertain altcoins, the short-term de-pegging of USDe was another major buying opportunity last night.

Likely due to market liquidity issues (some users needed to swap USDe for USDT to top up margin), USDe temporarily lost its peg. Amid panic and cascading liquidations, it dropped as low as $0.6268. Some users seized this chance to buy the dip, making a hefty profit after its peg was restored.

Subsequently, Ethena officially posted on X, confirming USDe's safety and even stating the protocol profited more from the extreme conditions: "Due to market volatility and large-scale liquidations, USDe's secondary market price experienced fluctuations. We can confirm that USDe's minting and redemption functions remained operational without any downtime, and USDe remains over-collateralized. Affected by liquidations, perpetual swap prices have been trading below spot prices and continued to do so. As Ethena holds spot and shorts perpetuals, this unexpectedly generated additional yield for USDe. Consequently, due to the突发事件 impact, USDe's over-collateralization ratio will be higher than yesterday."

No Need for Anxiety: Profiteers Were Few, Missing Out is Fate

For those who missed last night's opportunities (including myself), watching these chances slip away might bring some envy or anxiety. But the reality is that probably less than 1% of users managed to make fortunes from this, while over 99% woke up to face losses in their accounts.

Overnight, nearly $20 billion vanished from the futures market. It was a night of massive wealth transfer and a night where many users lost everything... In times of such extreme volatility, all we can do is reduce risk and preserve our capital—after all, you must stay at the table to remain in the game.

During the "1011" epic crash in the cryptocurrency market, Bitcoin briefly fell below $102,000 and Ethereum dropped to $3,373. The total liquidation amount across the network reached a staggering $19.1 billion, with over 1.6 million people liquidated. However, this extreme volatility also created three major wealth-making opportunities:

* Direct Shorting: A whale profited over $72.33 million in a single day by shorting BTC and ETH.

* Bottom Fishing: Many altcoins plummeted over 80%. WBETH dropped to $430 and BNSOL hit $34.9 at one point. Some investors profited by placing buy orders for these low-priced assets, with one KOL making approximately $8 million overnight.

* Stablecoin De-pegging: USDe lost its peg due to liquidity pressures, falling to $0.62. Those who bought the dip reaped high returns after its peg was restored.

While a small minority seized these opportunities to make fortunes, the vast majority of users faced severe losses. The market serves as a reminder for investors to control risks and preserve capital.

---

Following 312 and 519, 1011 is destined to be another date written into cryptocurrency history.

Last night, triggered by Trump's sudden tariff remarks, global financial markets plummeted, and the cryptocurrency market suffered heavy losses—BTC briefly fell to 101,500 USDT, ETH to 3,373.67 USDT, SOL to 144.82 USDT, and BNB to 860 USDT.

Even more dramatic were the altcoins with smaller market caps. Possibly due to cascading liquidations, several altcoins saw short-term drops exceeding 80% or even 90%. Having personally experienced 312 and 519, I don't recall seeing such exaggerated single-day declines across the altcoin market before.

Note from Odaily: A screenshot of the Binance top losers list from the early morning—this wasn't even the lowest point.

Epic Liquidations: $19.1 Billion Wiped Out

Coinglass data shows that as of around 7:40 this morning, the total liquidation amount across the network in the past 24 hours was $19.133 billion, involving 1,618,240 liquidated traders. The largest single liquidation order was an ETH long position worth $203 million on the Hyperliquid platform.

In these extreme market conditions, while the vast majority of users saw their positions severely damaged (for example, Machi Big Brother faced multiple liquidations overnight), some managed to "snatch victory from the jaws of danger" and capture wealth-making opportunities.

Wealth Opportunity 1: Direct Shorting

The simplest opportunity was direct shorting, which requires little elaboration.

To give a brief example, Hypurrsan data showed that a whale address starting with 0x2ea18 profited $72.33 million in the past 24 hours by shorting BTC and ETH. This whale has withdrawn $60 million USDC back to Arbitrum, securing the profits.

Wealth Opportunity 2: Bottom Fishing

For spot traders, the biggest opportunity was undoubtedly buying the dip. If you had placed limit buy orders at low levels last night or stayed up all night, you had the chance to buy:

* XRP at $1.25

* DOGE at $0.095

* SUI at $0.55

* IP at $1

* XPL at $0.25 (This was at $2.7 just days ago!)

* ARB at $0.1

* AAVE at $79

* PENDLE at $1.65

* JUP at $0.05

* ENA at $0.13

* UNI at $2

* TRUMP at $1.5

* ATOM at $0.001 (Yes, you read that right!)

* IOTX at $0.00000 (Yes, you still read that right! Picture below ↓)

Beyond small-cap altcoins, major coins like ETH and SOL, while seemingly not dropping as drastically, also presented excellent buying opportunities. Due to liquidity constraints, the prices of some liquidity staking tokens experienced significant volatility. WBETH once dropped to $430, and BNSOL plunged to $34.9. Who would have imagined seeing ETH at $400 and SOL at $30 before bed last night?

After the market somewhat recovered, many KOLs began openly sharing their profit statements on X. For instance, Vida (@Vida_BWE) directly disclosed an overnight profit of roughly $8 million.

Wealth Opportunity 3: Stablecoin De-pegging

Aside from the uncertain altcoins, the short-term de-pegging of USDe was another major buying opportunity last night.

Likely due to market liquidity issues (some users needed to swap USDe for USDT to top up margin), USDe temporarily lost its peg. Amid panic and cascading liquidations, it dropped as low as $0.6268. Some users seized this chance to buy the dip, making a hefty profit after its peg was restored.

Subsequently, Ethena officially posted on X, confirming USDe's safety and even stating the protocol profited more from the extreme conditions: "Due to market volatility and large-scale liquidations, USDe's secondary market price experienced fluctuations. We can confirm that USDe's minting and redemption functions remained operational without any downtime, and USDe remains over-collateralized. Affected by liquidations, perpetual swap prices have been trading below spot prices and continued to do so. As Ethena holds spot and shorts perpetuals, this unexpectedly generated additional yield for USDe. Consequently, due to the突发事件 impact, USDe's over-collateralization ratio will be higher than yesterday."

No Need for Anxiety: Profiteers Were Few, Missing Out is Fate

For those who missed last night's opportunities (including myself), watching these chances slip away might bring some envy or anxiety. But the reality is that probably less than 1% of users managed to make fortunes from this, while over 99% woke up to face losses in their accounts.

Overnight, nearly $20 billion vanished from the futures market. It was a night of massive wealth transfer and a night where many users lost everything... In times of such extreme volatility, all we can do is reduce risk and preserve our capital—after all, you must stay at the table to remain in the game.