Outages hit Binance, Coinbase, and Robinhood as $9.5 billion liquidations hit the market
The post Outages hit Binance, Coinbase, and Robinhood as $9.5 billion liquidations hit the market appeared on BitcoinEthereumNews.com.
Key Takeaway What triggered the exchange outages? A massive wave of sell-offs and liquidations, over $9.5 billion in 24 hours, overwhelmed major trading platforms. How bad was the market crash? Bitcoin and Ethereum fell by nearly 7% and 12%, respectively, while major altcoins like Cardano and Dogecoin plunged by more than 20%. Major crypto exchanges — Binance, Coinbase, and Robinhood — experienced system slowdowns as an intense sell-off swept across digital assets. The sell-off triggered more than $9.5 billion in liquidations within hours. Heavy volatility brings exchanges to a standstill The outages began as Bitcoin and Ethereum led a market-wide decline. This led to traders rushing to manage positions amid one of the sharpest intraday drops of the year. The surge in trading volume overwhelmed exchange infrastructure, causing delays, errors, and intermittent service interruptions across multiple platforms. Binance confirmed that its systems were “under high load due to heavy market activity,” adding that “some users may experience intermittent delays or display issues.” Coinbase issued a similar notice, stating that users might experience “latency or degraded performance,” while assuring them that their funds remain secure. Source: X Robinhood also faced user complaints of trade delays and unresponsive charts during the sell-off. However, it has yet to release an official statement. Market meltdown: billions wiped out in hours According to Coinglass data, over $8 billion in long positions were liquidated compared to $1.5 billion in shorts, as leveraged traders bore the brunt of the sudden downturn. A TradingView heatmap showed red across nearly every major token. Bitcoin dropped 6.88%, Ethereum fell 11.91%, while Solana, XRP, and BNB recorded double-digit declines. Altcoins were hit even harder — Cardano plunged 23.7%, and Dogecoin dropped 22.7%, underscoring how deep the correction ran. Source: TradingView The sharp correction is attributed to a confluence of macro pressures…
Filed under: News - @ October 11, 2025 3:29 am