Day: October 11, 2025

Three Bitcoin Price Charts to Watch After Record $5.39B BTC Liquidation

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Key takeaways: Bitcoin’s broader uptrend and on-chain data suggest the market remains in an expansion phase. Strong dip-buying by “sharks,” and key trendline support point to another BTC rebound. Bitcoin (BTC) attempted to recover a day after traders witnessed the biggest single-day wipeout on record, with over $5.39 billion in leveraged positions liquidated in 24 hours, which is twice as large as the “COVID-19 crash” in 2020. BTC total liquidations chart. Source: DefiLlama As of Saturday, BTC’s price had rebounded by 8.50% after dropping to its local low at around…

Binance co-founder advises users with losses to contact customer service

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Key Takeaways Binance experienced transaction issues due to heavy market volatility and high user activity. Yi He, Binance co-founder, advised affected users to contact customer service for loss claims. Share this article Binance co-founder Yi He directed users experiencing losses to contact customer service today. She acknowledged transaction issues stemming from intense market fluctuations and emphasized the need for users to verify details before trading. The cryptocurrency exchange has been managing user transaction disruptions caused by recent market volatility and high user activity. Binance maintains a customer service process for…

Hackers Sell, Whales Buy as ETH Plunged to $3.5K

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Investors withdrew 230,000 ETH from exchanges in just 48 hours Ethereum joined the rest of the market in the past day by plummeting to a multi-month low of $3,500 before recovering slightly to $3,850 as of now. During this harrowing crash, different investors showed various behavior types, from mass selling to buying the dip. The ETH flash crash in the summer of 2017 is the closest event I can think of in comparison to what happened yesterday. Even during the Covid crash I can’t remember so many major alts…

Galaxy Digital Raises $460M to Build Texas AI Data Center

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Mike Novogratz’s Galaxy Digital has secured a $460 million private investment from one of the world’s “largest asset managers” to accelerate the transformation of its former Bitcoin mining site in Texas into an AI data center. The deal involves the purchase of 12.77 million Class A shares at $36 per share, with the proceeds earmarked for general corporate use and the expansion of its Helios campus, expected to deliver 133 megawatts of IT capacity in early 2026, the company announced Friday. “Having one of the world’s largest and most sophisticated…

Bitcoin Crash Sparks Largest Liquidation in Crypto History

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More than 1.6 million traders have been wrecked daily. There’s no way to sugarcoat what happened in the cryptocurrency markets since Friday evening. Bitcoin’s price, for example, took one of its most painful nosedives in recent history, dumping from over $122,000 to $105,000 on some exchanges and even to as low as $101,000 on others. The altcoins were obliterated as well, with massive double-digit price drops from the majority of them. Here’s what we know so far. Valuermarket’s report classified the event as the “largest single-day liquidation in the…

Bitcoin and Altcoins Will Fall Further, Warns New Crypto Price Prediction

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Key points: Bitcoin and altcoins reel from the biggest liquidation event in crypto history. BTC price action fails to stage a rebound from multi-week lows, with $100,000 getting closer. Crypto is beginning a “cleanse” of bull-market euphoria, a trader says. Bitcoin (BTC) pressured $110,000 support on Saturday as the dust settled on a record $20 billion liquidation event. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Trader sees start of “crypto cleanse” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD struggling to rebound after falling to three-week lows on Bitstamp. Fresh market…

What We Know and What’s Next

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The liquidations are through the roof, prices are collapsing, and here’s what we know so far. The events that transpired in the past day or so are not unusual in the ever-volatile cryptocurrency market, but they tend to harm certain traders more than others. While many felt the pain of being liquidated, others seem to profit. In the span of just 12 hours or so, the entire market went from a capitalization worth $4.120 trillion on TradingView to $3.3 trillion, which meant a wipe-out of almost $900 billion. This…

Bitcoin ETFs Add $2.7B in ‘Uptober’ Despite Tariff Fears

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US spot Bitcoin exchange-traded funds (ETFs) continued their strong “Uptober” performance with $2.71 billion in weekly inflows, marking another strong week for institutional demand. According to data from SoSoValue, total assets under management for Bitcoin ETFs climbed to $158.96 billion as of Friday, representing nearly 7% of Bitcoin’s total market capitalization. “Capital keeps flowing into BTC as allocators double down on the digital gold conviction trade. Liquidity is building now as the market momentum takes shape,” Vincent Liu, chief investment officer at quantitative trading firm Kronos Research, told Cointelegraph. The…

BlackRock clients sell $80.2M in Ether

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Key Takeaways BlackRock clients sold $80.2 million worth of Ether on Oct. 10, indicating significant outflows from its spot Ethereum ETFs. Ethereum ETFs have experienced both inflows and outflows, with institutions actively rebalancing portfolios. Share this article BlackRock clients sold $80.2 million worth of Ether today, marking significant outflow activity from the asset management firm’s spot Ethereum ETF products. Ethereum ETFs have facilitated active trading adjustments as institutions respond to market volatility. The selling activity underscores how traditional finance players are using these products to manage exposure to the blockchain…

Why is the Ripple (XRP) Price Down Today?

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XRP’s price experienced a massive crash, leaving over $700 million liquidated. But why? The broader cryptocurrency market saw its worst deleveraging events in history throughout the past 24 hours. Ripple’s XRP didn’t go unscathed. In fact, it was one of the altcoins that painted massive red wicks, dropping to as low as $1.2 on the Binance perpetual contracts charts. That’s a 60% drawdown, which, not surprisingly, had a lot of traders liquidated. So much so that, in fact, almost $1 billion worth of leveraged positions were wiped out in…