# Understanding the 10/11 Crypto Market Crash
## Introduction
On October 11, the crypto market experienced its largest-ever crash, resulting in the loss of over $500 billion in total market capitalization and triggering liquidations amounting to nearly $20 billion. This event sent shockwaves through the crypto community and raised concerns about the underlying causes of the crash.
## The Market Crash Details
Lower timeframes charts depicted Bitcoin plummeting to a low of $104,582, while Ethereum saw a dip to $3,460. These sharp declines shook the confidence of investors and traders, leading to widespread panic within the crypto market.
## Alleged Culprits
The crypto community has pointed fingers at several entities as being responsible for the crash. Among them are:
### 1. Binance:
The popular crypto exchange, Binance, has come under scrutiny for its role in exacerbating the market crash. Traders and analysts have raised concerns about the platform’s impact on price movements and its influence on market dynamics.
### 2. Wintermute:
Wintermute, a prominent market maker in the crypto space, has also been singled out for its alleged involvement in the crash. Questions have been raised about the firm’s trading activities and its potential contributions to the market instability.
### 3. Trump:
Surprisingly, even former US President Donald Trump has been mentioned in connection with the market crash. Speculations about his statements or actions impacting market sentiment have added another layer of complexity to the situation.
## Conclusion
The aftermath of the 10/11 market crash has left the crypto community searching for answers and accountability. As discussions and investigations continue, the industry remains on high alert for any signs of further instability. Only time will tell how the market will recover and whether the alleged culprits will face any consequences for their perceived roles in the crash.