CryptoPotato reported<\/a> <\/em>the first wave of BTC declines that transpired earlier today when the cryptocurrency was rejected at $111,000 and slumped by roughly four grand to $107,000. It managed to stabilize there at first and even tapped $108,000 before the bears initiated another leg down an hour ago, pushing the asset south to $105,300 (on Bitstamp).<\/p>\n This multi-week low harmed over-leveraged traders, as the total longs liquidated for BTC alone are worth over $300 million on a daily scale.<\/p>\n Even whales with impeccable records up to this point were wrecked. Lookonchain reported<\/a> that Machi Big Brother has been fully liquidated, marking a total loss of over $15 million. Another trader – 0xc2a3 – that had a 100% win streak until today has “surrendered,” closing BTC, ETH, and SOL longs at a loss. Their total P&L went from over $33 million to -$17.6 million.<\/p>\n The 100% win streak is over \u2014 trader 0xc2a3 has surrendered.<\/p>\n He closed all his $BTC<\/a> longs and part of his $ETH<\/a> and $SOL<\/a> longs at a loss.<\/p>\n His total P&L has flipped from +$33M to \u2013$17.6M.https:\/\/t.co\/2I4Jrb3MUA<\/a> pic.twitter.com\/3bSIXFG9JV<\/a><\/p>\n \u2014 Lookonchain (@lookonchain) November 3, 2025<\/a><\/p>\n<\/blockquote>\n Most altcoins have suffered even more in the past 24 hours, led by double-digit declines by ASTER (-20%), WLFI (-12%), APT (-12%), PEPE (-11.3%), WLD (-11%), ARB (-11%), and several others.<\/p>\n Even the larger caps were not spared. Ethereum slipped below $3,600 earlier today, BNB trades below $1,000 as of press time, XRP has lost the $2.40 support, while SOL has dumped below $170 after an 8% drop.<\/p>\n The total value of wrecked positions has skyrocketed to more than $1.1 billion, according to CoinGlass data. In total, more than 300,000 traders have been liquidated, with the single-largest position taking place on HTX, which was worth almost $34 million.<\/p>\n The post Crypto Carnage Continues: BTC, ETH, XRP Plunge Further as Liquidations Top $1.1B<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
![\"Liquidation](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/11\/BTCUSD-4.png\")
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