#bitcoin Market Meltdown Overview

Bitcoin crashed from $126,000 ATH to below $102,000 in 24 hours

• Record $19.13 billion liquidations affected 1.6 million traders across exchanges

• Altcoins experienced disproportionately larger losses compared to Bitcoin

• Market capitalization declined by approximately $200 billion

Key Triggers

• Trump's China tariff announcement created macroeconomic pressure

• USDe stablecoin briefly depegged to $0.65, echoing 2022's stablecoin crises

• Hyperliquid platform saw 1,000 wallets completely liquidated ($1.23B total)

• System issues during peak volatility exacerbated market conditions

Trading Strategy Implications

• Critical BTC support zone established near $100,000 level

• Liquidation heatmaps suggest potential "buying vacuum" for institutional accumulation

• Consider rotating to larger-cap assets until market stabilizes

• Implement strict position sizing and stop-losses during continued volatility

Market Sentiment

• Community discussions highlight concerns about reliability during crashes

• CryptoKerry noted this event contained 2 of Bitcoin's 3 biggest liquidation events of 2025

• October's $594M liquidation follows earlier $248M event on October 2

• Traders reassessing leverage risk after witnessing cascading market-wide failures