🚨Crypto Market Chaos: The October 10th Crash and What’s Next?🚨
Fellow traders, what a wild weekend! Just days after Bitcoin smashed its all-time high above $125K, Trump's 100% tariff bombshell on China triggered the biggest liquidation event in crypto history. Nearly $1T vanished from the market cap in 24 hours, with over $19B in positions wiped out—1.6M traders felt the pain!
BTC plunged to $102K, ETH dipped below $3.5K, and alts like SOL, XRP, and DOGE got obliterated. But here's the silver lining: As of today (Oct 13), BTC's rebounding strong around $115K, showing resilience amid the macro panic. This wasn't a fundamental flaw in crypto more like a leverage purge and liquidity squeeze amplified by thin weekend trading.
Is this a dip to buy or the start of more volatility? With tariffs kicking in Nov 1, keep an eye on US-China tensions. I'm eyeing BTC's support at $110K-113K for a potential bounce to $120K+ if sentiment flips.
What do you think—HODL or sell?
$BTC $ETH $BNB #MarketRebound #MarketRouteToRecovery #CryptoMarketAnalysis