Indian crypto investors rush to buy the dip amid a major market crash
Indian cryptocurrency traders are flocking back to their exchanges, snapping up assets during a sharp market dip after a global liquidation event wiped out over $19 billion in crypto bets. The catalyst appeared to be a confluence of international market pressures and a new round of trade tensions, with US tariffs on Chinese goods fueling risk-off sentiment. In India, top exchanges report a surge in deposits and a dramatic rise in spot trading activity as retail investors take advantage of lower prices and re-enter positions with a long-term horizon.
What Indian exchanges report about the surge
CoinSwitch, CoinDCX, and Mudrex—among India’s leading crypto platforms—have all indicated a robust uptick in user activity. CoinSwitch said inflows surged in the most volatile hours, with spot trading volumes leaping more than 50X. “Investors are actively buying the dip, which indicates growing conviction among users who see these corrections as long-term buying opportunities rather than moments of panic,” said Balaji Srihari, VP, Business at CoinSwitch.
CoinDCX data show that while some profit booking has occurred, a substantial portion of users continues to hold or add to their positions, particularly in top-performing tokens like Bitcoin and Ethereum. Sumit Gupta, Co-founder of CoinDCX, noted, “Over the past week, total trading volumes on the platform have risen from about $11.7 million on October 1 to $31 million on October 10, signaling renewed participation during the market dip.”
Mudrex also reported a surge in activity across both spot and derivatives. Deposits reached an all-time high, and trading volumes since the morning of October 11 were up roughly 120 percent, according to Edul Patel, Mudrex Co-founder. He observed two-way market movement, with a 60:40 long-to-short ratio reflecting expectations of a relief rally rather than a full-scale breakdown.
Global context: how the dip fits into the wider market
Globally, more than 1.6 million traders faced losses from the day’s crypto sell-off, with over $19 billion in liquidations. A Bloomberg report noted that more than $7 billion of positions were closed within an hour, underscoring the speed of the downturn. The surge in trading activity coincided with a temporary disruption at Binance, the world’s largest crypto exchange, which faced high-load delays that were later resolved as systems stabilized.
The political backdrop
The decline followed President Donald Trump’s decision to impose 100 percent tariffs on Chinese goods from November 1, in retaliation for China’s export controls on rare-earth minerals. While tensions fluctuated in the lead-up to a scheduled meeting with Chinese President Xi Jinping, the tariffs added a fresh layer of uncertainty to global markets and contributed to risk-off behaviour among crypto traders.
Crypto founders urge discipline and long-term thinking
Industry leaders in India are advising investors to stay focused on fundamentals and adopt disciplined strategies. Gupta urged retail participants to continue systematic investment plans, conduct thorough research, and prioritize tokens with solid fundamentals traded on compliant platforms. Patel echoed this sentiment, noting that accumulation rather than capitulation could position traders for a later rally as global markets stabilize and new liquidity enters the scene.
As the market cycles through corrections, experts emphasize diversification, prudent budgeting, and avoiding panic selling. CoinSwitch’s Srihari summed it up: the dip offers opportunity, but success hinges on sticking to a well-thought-out plan and trading only through transparent, secure exchanges that protect user funds.
