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<\/p>\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 <\/a>Liquidation Data on CoinGlass<\/p>\n The post Bitcoin Crashes Below $109K as Trump-Putin Meeting Triggers $600M in Liquidations<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" 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. The altcoins have also turned red, with substantial daily losses from the likes of ZEC, ASTER, PUMP, IP, and many others. BTCUSD. […]<\/p>\n","protected":false},"author":0,"featured_media":105327,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-105326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/105326"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=105326"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/105326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/105327"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=105326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=105326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=105326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>BTCUSD. Source: TradingView<\/p>\nWhat\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>\nBTC 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>\nMost 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>\nThe 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<\/a>Liquidation Data on CoinGlass<\/p>\nThe post Bitcoin Crashes Below $109K as Trump-Putin Meeting Triggers $600M in Liquidations<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"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. The altcoins have also turned red, with substantial daily losses from the likes of ZEC, ASTER, PUMP, IP, and many others. BTCUSD. […]<\/p>\n","protected":false},"author":0,"featured_media":105327,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-105326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/105326"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=105326"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/105326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/105327"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=105326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=105326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=105326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/BTCUSD-10.png\"){kind=link}
![<\/a>Liquidation Data on CoinGlass<\/p>\nThe post Bitcoin Crashes Below $109K as Trump-Putin Meeting Triggers $600M in Liquidations<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"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. The altcoins have also turned red, with substantial daily losses from the likes of ZEC, ASTER, PUMP, IP, and many others. BTCUSD. […]<\/p>\n","protected":false},"author":0,"featured_media":105327,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-105326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/105326"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=105326"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/105326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/105327"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=105326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=105326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=105326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/Screenshot-2025-10-16-185428.png\"){kind=link}