The post Cathie Wood Blames Binance for Bitcoin’s October Crash appeared on BitcoinEthereumNews.com.

Cathie Wood believes that the worst of Bitcoin is now behind it, following the Binance liquidation process of up to 28B on Oct. 10. The industry stakeholders question the role of the exchange in the market mayhem.  ARK Invest CEO Cathie Wood thinks that Bitcoin has passed its storm.  The fund manager attributes the recent turbulence to the technical failure of Binance on October 10.  CryptosR_Us on X claims that Wood stated that the crash caused about 28 billion forced deleverage.   CATHIE WOOD: THE WORST IS LIKELY OVER FOR BITCOIN Cathie just laid it out pretty clearly and says the last 2–3 months were basically the aftershock from the Oct 10 flash crash — a Binance software glitch that forced ~$28B of deleveraging across crypto. Bitcoin took the hardest… pic.twitter.com/iOuLCzOHaG — CryptosRus (@CryptosR_Us) January 27, 2026 Source: CryptosR_Us  Bitcoin suffered the greatest blow in the incident. The reason it was the first target was because of the high liquidity of the digital asset. Wood believes that BTC will form a foundation between 80,000 and 90,000 and then proceed to climb.   Binance Software Glitch Triggers Industry-Wide Panic The incident on October 10 was a result of the failure of a Binance oracle. On the exchange, as StarPlatinum_ confirmed on X, on Oct 6, the exchange announced pricing adjustments of BNSOL and wBETH. It was to be implemented on Oct 14.   This opened a four-day gap. Chaos occurred between 21:36 and 22:16 UTC on the 10th of October. USDe fell to $0.6567 on Binance, and other exchanges maintained it at 0.90 to 0.95. wBETH fell 88% to about $430. BNSOL fell 82 % to $34.90.   Binance hurried its oracle repair to Oct 11. Users were later compensated by the exchange to the tune of about 283M. On-chain data indicated a transfer of over…

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Filed under: News - @ January 29, 2026 8:29 pm