Lark Davis, founder of Wealth Mastery, advised traders to avoid leverage and risky “revenge trading” amid widespread liquidations and emphasized the importance of protecting capital. The statement was made on X.
“Over $1.2 billion liquidated from the crypto market in the past 24 hours,” said Davis. “This is not the time for over-leveraging. Stop revenge trading and trying to catch falling knives. Your only job right now is to JUST SURVIVE!”
In mid-October 2025, the global crypto derivatives market underwent a significant deleveraging event. According to Reuters, this occurred after geopolitical tensions and thin liquidity led to cascading liquidations. The purge followed Donald Trump’s announcement of 100% tariffs on Chinese imports and export controls, resulting in over US $19 billion in forced liquidations and a sharp decline in major tokens like Bitcoin (~14%) and Ethereum (~12%) within days.
According to CoinDesk citing Coinglass data, within the 24-hour window leading into October 17, 2025, crypto futures liquidations reached approximately US $1.2 billion. Long positions constituted around 79% (approximately US $944 million), while short positions accounted for about US $261 million. Major tokens such as Bitcoin saw losses amounting to US $344 million, while Ethereum registered losses of US $201 million.
Analysts noted that the October 10-11, 2025 liquidation event, totaling over US $19 billion, was nine times larger than the February 2025 purge and 19 times greater than the March 2020 crash or the FTX collapse in November 2022. This indicates a more severe and frequent deleveraging episode in 2025 compared to previous major drawdowns.
Davis is a New Zealand-based crypto educator and influencer who founded Wealth Mastery in 2020 to assist investors with navigating Bitcoin, altcoins, DeFi (Decentralized Finance), and trading. His biography highlights his previous work as an English teacher and reading education assistant before launching his YouTube channel “The Crypto Lark” in 2017 and focusing full-time on crypto market education by 2020.
Wealth Mastery is a crypto-education business established by Davis in 2020. It offers a free newsletter, premium token-analysis reports, DeFi tutorials, and a paid community to “thousands” of weekly readers interested in crypto investing. Its mission is to simplify crypto markets and provide actionable insights rather than personalized advisory services.
