According to @ai_9684xtpa (X, Dec 5, 2025), after direct confirmation with @0xPickleCati, the trader did not profit from shorting during the 10/11 flash crash; sufficient margin allowed him to carry the drawdown into the rebound, resulting in no material realized loss (source: @ai_9684xtpa on X; source: @0xPickleCati on X). @0xPickleCati stated his Binance coin-margined account showed about $3 million USDT unrealized loss during the event while positions remained open (source: @0xPickleCati on X). This correction removes earlier claims of short-side gains and underscores the role of margin buffers in withstanding intraday volatility on Binance during the 10/11 selloff (source: @ai_9684xtpa and @0xPickleCati on X).

According to @MilkRoadDaily, crypto just experienced its biggest liquidation event on record, with ATOM printing a 0.001 flash crash on Binance, ZEC dumping then snapping back, and BTC posting its first ever 20,000-dollar single-candle drop. source: @MilkRoadDaily. This underscores how fast the market can move and highlights venue-specific price dislocations that can trigger cascading wicks and forced liquidations. source: @MilkRoadDaily. The source notes its analysts are mapping the next risks and upside and how to position for a potential rebound. source: @MilkRoadDaily. For traders, immediate focus is managing volatility and venue risk after the reported dislocations by using conservative position sizing, lower leverage, and patient limit orders until liquidity normalizes. source: @MilkRoadDaily.