Not Binance: Bitcoin Analyst Who Bought At $1 Revealed What Really Caused The October 10 Crash
A veteran Bitcoin evangelist who entered the market when most individuals had by no means heard the phrase “blockchain” is now pointing the finger on the Trump household, not a crypto alternate, as many assume, for the liquidation chaos that shook the crypto trade final October.
Davinci Jeremie, one of many earliest recognized Bitcoin adopters, just lately shared his unfiltered tackle what he believes caused the October 10, 2025, crash.
What Davinci Jeremie Actually Believes
The October 10, 2025, crypto market crash is one of the most debated occasions of the present cycle, with merchants nonetheless break up over what actually triggered the sudden collapse in worth. In the months since, a number of theories have surfaced, starting from Binance-led liquidations to (*10*)
Speaking on The Sujal Show, Jeremie offered a perspective that was politically charged. In his view, the Trump family’s financial interests present an easier rationalization for what occurred to the crypto market on that day.
“I feel clearly the Trump household. It’s clear proper now that the Trump household desires to push crypto down in order that they will get as a lot as they need,” Jeremie mentioned.
According to the early Bitcoin believer, rich members strategy markets in a different way. In his phrases, short-term pondering dominates retail habits, with many on the lookout for fast positive factors or speedy wealth creation. Large gamers, nevertheless, function on prolonged timelines, typically spanning 5 to 10 years. “If you’re rich, you don’t assume briefly phrases as most individuals do; you assume in lengthy phrases,” he mentioned.
The Binance Theory That Took Over Crypto
Jeremie’s take stands in opposition to the reason that dominated trade discourse within the months following October 10.
The October 2025 crypto crash, totally on October 10, noticed over $19 billion in leveraged positions liquidated inside 24 hours. The sell-off started shortly after Donald Trump signaled plans to impose an additional 100% tariff on Chinese imports. That prompted merchants to dump dangerous investments, from shares to Bitcoin. However, that crash was rather more pronounced on the crypto market than anticipated.
After the immediate aftermath of the crash, a lot of the eye was directed to crypto alternate Binance. The alternate shortly turned the focus of hypothesis, with many pointing to liquidation cascades on its derivatives platform as the first motive for the crash.
The principle was amplified after OKX CEO Star Xu went public with his criticisms, which had been primarily based on Binance’s promotional marketing campaign that supplied 12% APY on USDe.
According to Star Xu, the marketing campaign by Binance blurred the road between USDe and stablecoins like USDT and USDC, and retail buyers weren’t conscious of the systemic dangers referring to the artificial stablecoin ecosystem.
Davinci Jeremie is called one of the earliest Bitcoin adopters, having entered the market when BTC was buying and selling round $1. His popularity grew considerably years later when an previous YouTube video resurfaced of him urging viewers to purchase not less than $1 value of Bitcoin. The clip has since develop into one of the crucial referenced moments in crypto historical past.
