@bangbnag
On October 10, 2025, a $19B crypto liquidation cascade—triggered by Trump's tariff announcements—plunged Bitcoin from $122,574 to $104,782, erasing leveraged longs amid panic selling and forced closures. The rebound to $115,000 reflects oversold conditions, with bargain hunting and short squeezes restoring confidence.
Leveraged position unwinds amplified volatility: high leverage (up to 100x) created a feedback loop of margin calls, cascading $1.2B more in follow-on liquidations. Factors included thin weekend liquidity, on-chain whale dumps, and FUD from equity market spills.
Next week (Oct 20-26): Expect consolidation around $110K-$118K, with downside risk to $105K if tariffs escalate; upside to $120K on ETF inflows. Overall bearish October tilt.
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