Binance pins crypto's worst-ever liquidation day on macro risks, not exchange failure

Binance says October 10’s crypto flash crash was driven by a macro risk-off shock, cascading liquidations and thin liquidity, while acknowledging two platform-specific issues that occurred after most losses had already hit.

source https://www.coindesk.com/markets/2026/01/31/binance-pins-crypto-s-worst-ever-liquidation-day-on-macro-risks-not-exchange-failure