{"id":53553,"date":"2025-10-18T08:01:36","date_gmt":"2025-10-18T08:01:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=53553"},"modified":"2025-10-18T08:01:36","modified_gmt":"2025-10-18T08:01:36","slug":"over-1-billion-liquidated-in-24-hours-as-bitcoin-and-altcoins-plunge-amid-market-meltdown","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=53553","title":{"rendered":"Over $1 Billion Liquidated in 24 Hours as Bitcoin and Altcoins Plunge Amid Market Meltdown"},"content":{"rendered":"
\n

More than $1 billion in crypto positions were liquidated in the past 24 hours as a broad sell-off sent Bitcoin from above $109,000 toward $105,000, with intraday prints near $104,700 on some venues.<\/p>\n

CoinGlass<\/a> figures show roughly $717.7 million in perpetual futures liquidations alone, led by $372 million on BTC and $252 million on Ethereum (ETH). In all, almost 290,000 traders were \u201crekt\u201d as cascading margin calls rippled across exchanges, amplifying volatility and slippage in thin order books.<\/p>\n

The move follows a failed attempt by BTC to reclaim the $116,000\u2013$123,000 resistance zone earlier in the week. Technicians now flag $104,000 as first defense and $100,000 as the next major support, while a push back above $112,000\u2013$114,000 could stabilize price action.<\/p>\n

\"bitcoin<\/p>\n

Leverage Unwinds Batter Altcoins; High-Profile Traders Hit<\/strong><\/h2>\n

Altcoins lagged as capital rotated toward Bitcoin and stablecoins during the broader risk-off move. The most significant single liquidation occurred on HYPE, where an ETH-USD position worth $20 million was force-closed amid cascading margin calls.<\/p>\n

BNB fell double digits from recent highs; XRP slid toward $2.20 as open interest fell from $9 billion to $3.5 billion following a $610 million liquidation event, even as Volatility Shares filed for a 5x leveraged XRP ETF. Meme coins were hit hardest as on-chain data show aggressive de-risking and reduced spot depth.<\/p>\n

The rout also claimed well-known degens. James Wynn suffered multiple liquidations on $kPEPE<\/a> longs, including a wipe of 9.79 million kPEPE ($66,000) as he re-levered into subsequent dips.<\/p>\n

Machi Big Brother saw a string of ETH long liquidations (one block of 206 ETH, $787,000) as price slipped below $3,800. Tracking services note Machi\u2019s cumulative drawdowns now far exceed earlier gains, an object lesson in the dangers of high leverage during volatility spikes.<\/p>\n

What to Watch Next: Levels, Flows, and Volatility<\/strong><\/h2>\n

Short term, traders are focused on:<\/p>\n

    \n
  • Levels:<\/strong> BTC support at $104,000 then $100,000; resistance $112,000\u2013$114,000 and $116,000. For ETH, support $3,800\u2013$3,900, resistance $4,200\u2013$4,400.<\/li>\n
  • Flows:<\/strong> ETF net flows, stablecoin liquidity, and exchange balances, renewed inflows would validate buy-the-dip behavior and rebuild depth.<\/li>\n
  • Derivatives:<\/strong> Open interest, funding, and skew. After the purge, cleaner positioning could reduce tail risk but options activity implies elevated implied vol ahead.<\/li>\n<\/ul>\n

    Macro headlines (tariff rhetoric, growth data, and the U.S. government shutdown\u2019s knock-on effects) remain the wild card.<\/p>\n

    If BTC holds $104,000 and ETFs flip back to net inflows, a range rebuild is likely; lose it, and the market\u2019s gaze shifts to the psychological $100,000 round number with wider collateral effects across altcoins.<\/p>\n

    Cover image from ChatGPT, BTCUSD chart from Tradingview<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    More than $1 billion in crypto positions were liquidated in the past 24 hours as a broad sell-off sent Bitcoin from above $109,000 toward $105,000, with intraday prints near $104,700 on some venues. CoinGlass figures show roughly $717.7 million in perpetual futures liquidations alone, led by $372 million on BTC and $252 million on Ethereum […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-53553","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/53553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53553"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/53553\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}