Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Solana (SOL) are currently experiencing a gradual bottoming process following a significant liquidation shock that resulted in a staggering $16 billion being wiped from the crypto market. This situation indicates that these major cryptocurrencies are undergoing a period of stabilization as they attempt to recover from the rapid sell-off and volatility that contributed to the large-scale liquidations. Traders and investors are closely monitoring the price movements and market sentiment surrounding these assets as they seek to determine potential entry points and assess the overall health of the cryptocurrency market in the wake of such a dramatic event.
source: https://www.coindesk.com/markets/2025/10/11/v-shaped-rally-or-gradual-reset-btc-eth-xrp-sol-face-slow-bottoming-process-after-usd16b-liquidation-shock