🚨 CRYPTO MARKET SHOCKWAVE: BILLIONS WIPED OUT IN 7 MINUTES — NO ONE SAW IT COMING

In what analysts are calling “the fastest market meltdown since FTX,” the global crypto market collapsed in a violent chain reaction early this morning, blindsiding traders around the world and triggering the largest liquidation event of 2025.

Within 7 minutes, over $28.4 billion evaporated.

⚡ What triggered the chaos?

At 3:42 AM UTC, a series of massive sell orders—originating from three unrelated wallets—hit multiple exchanges simultaneously. On-chain analysts are baffled:

The wallets were not linked to any known fund. They had been inactive for months. All three executed within the same 18-second window.

The timing was too perfect to be random.

🌡️ Bitcoin flash-dropped from $96,100 to $82,400

This triggered:

Instant liquidation of $3.2B in BTC longs An ETH crash from $5,210 to $4,380 Solana dropping 17% in one candle Memecoins losing up to 40% in a single minute

Several DEXs temporarily froze price feeds to prevent cascading failures.

🧨 Exchanges Broke Before Traders Could React

Binance, OKX, Bybit, and Coinbase all experienced:

delayed order placements chart desync sudden API freezes temporary wallet congestion

Traders woke up to liquidation emails before their apps even refreshed.

A Singapore trader wrote on X:

“By the time my app loaded, my entire futures account was gone. I didn’t even get to see the crash.”

🕵️ The biggest mystery: Who caused it?

Chain analysis revealed a shocking detail:

The three wallets that triggered the fall were funded years ago…

from a wallet connected to a now-defunct OTC desk that was rumored to serve government-level clients in 2019.

This has sparked wild theories:

Was this a coordinated test attack? A sovereign entity moving funds? A major exchange unwinding hidden liabilities? A black swan liquidation bot gone wrong?

No one has answers yet.

📈 Then — the rebound stunned everyone

Just 40 minutes after bottoming out, Bitcoin bounced to $91,000, recovering nearly half of the loss.

But the damage was done:

Over 312,000 traders liquidated More than $1.1B wiped from altcoin liquidity pools Asia trading desks reporting “unrecoverable losses”

📢 Global crypto community in disbelief

Some traders called it a “market reset.”

Others called it “the engineered rug of the decade.”

A veteran analyst wrote:

“This wasn’t natural. Someone pressed a button. Someone big.”

🌍 Regulators already circling

Japan, Singapore, and the EU requested urgent internal reports from major exchanges.

U.S. officials hinted at “significant irregularities” in liquidity flow that they want investigated.

🔮 What happens next?

Markets are stabilizing, but the fear is palpable.

Memecoins are still bleeding.

Institutional traders are unusually quiet.

But retail investors?

They’re piling in again.

Because if crypto has proven one thing:

Every crash is the start of the next rally —

but this time, nobody knows who’s holding the trigger.