Cathie Wood believes that the worst of Bitcoin is now behind it, following the Binance liquidation process of up to 28B on Oct. 10. ARK Invest CEO Cathie Wood thinks that Bitcoin has passed its storm. CryptosR_Us on X claims that Wood stated that the crash caused about 28 billion forced deleverage. CATHIE WOOD: THE WORST IS LIKELY OVER FOR BITCOIN Cathie just laid it out pretty clearly and says the last 2–3 months were basically the aftershock from the Oct 10 flash crash — a Binance software glitch that forced ~$28B of deleveraging across crypto. Binance Software Glitch Triggers Industry-Wide PanicThe incident on October 10 was a result of the failure of a Binance oracle.