{"id":36911,"date":"2025-10-16T16:56:57","date_gmt":"2025-10-16T16:56:57","guid":{"rendered":"https:\/\/financialrush.com\/?p=36911"},"modified":"2025-10-16T16:56:57","modified_gmt":"2025-10-16T16:56:57","slug":"bitcoin-crashes-below-109k-as-trump-putin-meeting-triggers-600m-in-liquidations","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=36911","title":{"rendered":"Bitcoin Crashes Below $109K as Trump-Putin Meeting Triggers $600M in Liquidations"},"content":{"rendered":"

\n<\/p>\n

The bears are back in town as bitcoin just tumbled below $109,000, which is a multi-week low on some exchanges \u2013 at least those that didn\u2019t see BTC tumbling to $101,000 last Friday.<\/p>\n

The altcoins have also turned red, with substantial daily losses from the likes of ZEC, ASTER, PUMP, IP, and many others.<\/p>\n

<\/a>
BTCUSD. Source: TradingView<\/figcaption><\/figure>\n

What\u2019s interesting about this correction is the timing, as it might also be related<\/a> in a way to US President Donald Trump. According<\/a> to multiple reports, the POTUS is in a meeting at press time with the Russian leader, Vladimir Putin, just a day before he is visited in the White House by Ukraine\u2019s Volodymyr Zelenskiy.<\/p>\n

BTC had already retraced from the weekly peak of $116,000 to $113,000 yesterday, before it corrected to $110,000 today. That support held initially, and BTC rebounded to $112,000 later during the day. However, it lost more than three grand in less than an hour and dipped to $108,600 (on Bitstamp).<\/p>\n

Most altcoins are in an even worse shape, led by a massive 11% decline by ZEC. ASTER follows suit, while PUMP, IP, TAO, and ENA are next in line. ETH dropped to $3,930, while XRP is well below $2.40. BNB stands close to $1,150 as of now.<\/p>\n

The total value of wrecked positions is on the rise again, nearing $600 million, according to CoinGlassdata. Nearly 200,000 traders have been wrecked on a daily scale. The single-largest liquidated position took place on Hyperliquid and was worth almost $10 million.<\/p>\n

\"Liquidation<\/a>
Liquidation Data on CoinGlass<\/figcaption><\/figure>\n

The post Bitcoin Crashes Below $109K as Trump-Putin Meeting Triggers $600M in Liquidations<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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