MARKET CARNAGE! đ€Ż $19 BILLION Liquidated in a Wild Crypto Week!
âIf you felt the heat this week, you weren't alone. The crypto market just went through one of its most intense stress tests, reminding us all that volatility is still the name of the game.
âHereâs the quick breakdown of what just happened:
âđ„ Record Wipeout: A jaw-dropping $19 BILLION in leveraged positions were liquidated between Oct 1-10. At the peak of the madness, over $7 Billion was wiped out in a single hour!
âđ Bitcoin's Wild Ride: We saw BTC take a nosedive to the $102K-$105K support zone before bulls charged back in, pushing the price to $114K. A classic shakeout!
âđ„ BNB Under Pressure: BNB felt the burn, dipping below $980 and marking a 21% weekly decline. The bears are growling, with key support now at $900.
âđ§ Ethereum's Cascade: ETH long traders took a massive hit with $490M in liquidationsânearly DOUBLE the amount seen on Bitcoin.
âWhy the Chaos?
Geopolitical tensions and Trump's new tariff threats exposed just how much risky, high-leverage trading was in the system. When panic hit, it created a massive domino effect.
âWhat To Watch Now (Trading Strategy):
âFor BTC: That ~$105K level proved to be a critical support line. The next big test is breaking resistance at the $118K-$122K range.
âFor BNB: The outlook is cautious. Immediate support is at $900, with resistance at $1,050.
âSmart Moves: The lesson is clearâreduce high-leverage exposure and consider increasing your stablecoin reserves. Itâs a time to be cautious until the dust settles.
âThis is a powerful reminder that risk management is KING. Don't get caught in the storm.
âHow did you handle the volatility? Did you buy the dip, HODL, or take cover? đ Let's talk in the comments!
â#CryptoNews #MarketUpdate #Bitcoin #BNB$BTC
