Indian Crypto Investors Rush to Buy the Dip After $19 Billion Market Loss

Indian cryptocurrency exchanges are witnessing a massive surge in activity as investors rush to buy the dip following the largest single-day crash in the global crypto market. Over $19 billion was wiped off worldwide crypto values, prompting heightened trading on domestic platforms.

Leading Indian exchanges, including CoinSwitch, CoinDCX, and Mudrex, have reported significant jumps in deposits and spot trading volumes. CoinSwitch saw its trading volumes surge more than 50 times during the most volatile hours, indicating strong interest among Indian investors.

“Investors are actively buying the dip, showing growing conviction among users who view these corrections as long-term opportunities rather than panic moments,” said Balaji Srihari, VP, Business at CoinSwitch.

Indian Exchanges Show Strong Resilience

At CoinDCX, while some profit booking was observed, many users continued to hold or buy crypto assets, particularly top-performing tokens like Bitcoin and Ethereum. Sumit Gupta, Co-founder of CoinDCX, noted that trading volumes increased steadily over the past week, rising from around $11.7 million on October 1 to $31 million on October 10, reflecting robust participation during the market dip.

Mudrex also recorded a surge in both spot and derivatives trading. Co-founder Edul Patel stated, “Deposits have hit an all-time high, and our trading volumes since October 11 morning are up by about 120 percent. Users are showing higher long positions, indicating expectations of a relief rally soon.”

These patterns highlight the growing maturity of retail crypto investors in India, who are increasingly seeing market dips as opportunities to strengthen long-term positions.

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Global Market Turmoil

The global crypto market faced a severe liquidation event, with over 1.6 million traders losing more than $19 billion in bets. Over $7 billion of these positions were liquidated in under an hour. This intense activity temporarily caused glitches on Binance, the world’s largest crypto exchange, affecting some users’ trading experiences. Binance confirmed that all systems were later restored and operations are running smoothly.

US-China Trade War Impact

The crash was linked to global market reactions to US President Donald Trump’s 100% tariffs on Chinese goods, announced to take effect from November 1. The tariffs came after China introduced new export controls on rare-earth minerals, which are vital for semiconductors and advanced technology.

Crypto Founders Urge Calm and Strategic Investing

Indian crypto exchange leaders are advising investors to stay focused on long-term fundamentals and avoid emotionally-driven decisions.

Gupta of CoinDCX said, “We encourage systematic investments, thorough research, and trading through compliant platforms like CoinDCX to ensure safety.” Patel of Mudrex added, “This dip is creating attractive opportunities for accumulation rather than panic selling. Confidence in crypto as an asset class remains strong.”

Balaji Srihari of CoinSwitch emphasized, “Market corrections are normal. Stick to your plan, diversify wisely, and avoid impulsive selling.”

Conclusion

The $19 billion wipeout has created a unique buying opportunity for Indian crypto investors. Exchanges are seeing record inflows, and market participants are demonstrating resilience and maturity. Analysts suggest that such corrections can be strategically used to build long-term positions in fundamentally strong assets like Bitcoin and Ethereum, potentially preparing for the next bullish cycle.

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