October 2025 will be remembered for extreme market stress, punctuated by a historic liquidation on October 10th that challenged every participant. Episodes like this fuel fear and uncertainty, but they also highlight the strength of disciplined strategies (especially in risk management).

The event, quickly nicknamed Black Friday, was triggered by a mix of geopolitical tensions, rumors of a pre-informed on-chain trader, depegged stablecoins, and forced deleveraging. The result was a violent cross-asset selloff, broken correlations, and a sharp spike in volatility.