Recall that bitcoin had recovered a lot of ground following last week\u2019s calamity and even challenged $116,000 earlier this week. However, it faced an immediate and strong rejection at that point, which pushed<\/a> it south to the crucial resistance at $110,000.<\/p>\n Although that line held at first, the bears were a lot more persistent and drove the asset below<\/a> it yesterday evening. That was just the start of yet another deeper correction, however. In the past several hours, BTC has registered another leg down and is close to breaking below $105,000, which is the first line of defense, according<\/a> to some analysts. The next such buying wall is formed at around $100,000.<\/p>\n Other market observers have turned completely bearish on the asset. Captain Faibik claimed<\/a> that the 2024\/2025 bull run is over, and they expect a 50% correction in the midterm.<\/p>\n Naturally, the altcoins are getting obliterated in such occasions. Binance Coin, for example, which set a new all-time high just days ago, has plunged by over 12% in the past 24 hours to under $1,050 as of press time. ETH is down by more than 6%, XRP\u2019s losses exceed 7%, and the landscape with the lower caps is even more painful.<\/p>\n \u201cAltcoins are under pressure as liquidity continues to rotate back into Bitcoin and stablecoins amid risk-off sentiment. This latest dip reflects declining speculative appetite after last week\u2019s macro data, thin order books amplifying volatility, and renewed uncertainty around regulatory headlines impacting smaller-cap tokens,\u201d said Wenny C, COO at SynFutures, in a statement to CryptoPotato.<\/p>\n<\/blockquote>\n The crash in the past 24 hours has impacted over-leveraged traders once again, with almost 290,000 such market participants getting wrecked. The total value of liquidations is on the rise again, hitting $1.1 billion, according to CoinGlass.<\/p>\n The post Crypto Market Bloodbath: Over $1B in Liquidations as Bitcoin, Altcoins Collapse<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n\n
![\"Crypto](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/BTCUSD-11.png\")
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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The bears are back in the crypto town, which is evident by yet another substantial price correction from…\n","protected":false},"author":2,"featured_media":36963,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-36962","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/36962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36962"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/36962\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/36963"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}