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Bitcoin accounted for roughly $344 million in losses, followed by Ether at $201 million, and Solana (SOL) at $97 million.Bitcoin fell below $106,000 as leveraged traders faced significant losses, with $1.2 billion in crypto positions liquidated.Nearly 79% of liquidations were long trades, with the largest single loss being a $20.4 million ETH-USD long on Hyperliquid.The decline was influenced by macroeconomic tensions, including U.S.-China friction and currency fluctuations.Bitcoin dropped below $106,000 in early European hours Friday as leveraged traders once again faced heavy losses, with nearly $1.2 billion in crypto positions wiped out over the past 24 hours.Data shows that most of the damage came from long positions, reflecting how aggressively traders had positioned for a bounce earlier in the week.According to CoinGlass, almost 79% of total liquidations were long trades, affecting more than 307,000 accounts. The largest single hit was a $20.4 million ETH-USD long on Hyperliquid, a decentralized derivatives exchange that has quietly become one of the main engines of leveraged trading in crypto.Bitcoin accounted for roughly $344 million in losses, followed by Ether at $201 million, and Solana (SOL) at $97 million. XRP, dogecoin (DOGE) and other high-beta tokens each saw tens of millions more cleared from open interest.Across exchanges, Hyperliquid saw the most activity at $391 million, followed by Bybit at $300 million, Binance at $259 million, and OKX at $99 million. That mix shows how on-chain venues are now sitting side by side with traditional trading platforms during major market resets.Liquidations occur when traders using borrowed money to amplify positions can no longer meet margin requirements. In simple terms, if the market moves too far against a leveraged bet, the position is forcibly closed to prevent further losses.These events can turn into cascading sell-offs when large clusters of stop orders trigger at once, creating what traders call a “liquidation loop.”Such loops are often tracked through liquidation heatmaps and open interest data, which can show where large concentrations of leverage sit in the market. When price approaches these zones, traders watch closely for potential squeeze or unwind events that can define the next directional move.Bitcoin’s decline began late Thursday as prices slipped through the $107,000 level, setting off a chain of forced closures that rippled through derivatives markets.The move comes against a tense macro backdrop. Renewed friction between the U.S. and China has dented risk appetite, while a stronger yen and weaker gold prices have added to the uncertainty. Bitcoin has now given back most of its early-week gains, while ether trades just below $3,900, down about 4% on the day.

Traders are watching the $2.31–$2.35 support zone and $2.47 resistance for signs of market direction.XRP experienced a 2% decline amid institutional liquidation, stabilising near key support levels.Open interest rebounded to $1.36 billion, indicating renewed derivative trading activity.Traders are watching the $2.31–$2.35 support zone and $2.47 resistance for signs of market direction.Heavy selling pressure drives XRP 2% lower before stabilization near key support. Institutional positioning and fresh open interest suggest accumulation at current levels.XRP extended its decline through the October 16–17 session, sliding 2% from $2.41 to $2.36 amid ongoing institutional liquidation. Market data show more than 150M in daily volume as long-term holders trimmed positions by 34% over the past two weeks.The Hodler Net Position Change metric fell from 163.7M to 107.8M tokens — a clear sign of divestment rotation following the mid-month volatility spike.Despite the drawdown, open interest rebounded to $1.36B as derivative traders began rebuilding exposure after the weekend washout.Market desks say the renewed activity could mark the start of tactical long positioning into quarter-end ETF speculation and macro easing signals.XRP’s price structure is stabilizing inside the $2.31–$2.47 channel, with the $2.35 pivot acting as a short-term anchor. Volume clusters around this zone indicate institutional accumulation despite the broader risk-off tone.A clean reclaim of $2.47 would invalidate the near-term bearish setup and open a path toward $2.55.Momentum indicators remain neutral-to-oversold, while funding rates turned slightly positive — a sign that short-covering has slowed. Analysts expect continued choppy consolidation until macro risk recedes or ETF-related flows accelerate.What Traders Are Watching$2.31–$2.35 support zone — base defense levels signaling buyer absorption.$2.47 resistance reclaim — first confirmation trigger for reversal momentum.Open interest and funding normalization — evidence of re-leveraging after flush.ETF timeline and Fed commentary as catalysts for Q4 crypto flow rotation. $XRP $SOL #MarketPullback #BinanceHODLerZBT #Ripple1BXRPReserve #PowellRemarks #BinanceHODLerENSO