Bitcoin experienced a significant decline of $106,000, leading to a wave of liquidations totaling $800 million as traders with bullish positions faced unexpected challenges in the volatile cryptocurrency market. This drastic drop in Bitcoin's value has prompted a considerable number of investors to close their leveraged positions, reflecting the heightened risks associated with trading in the crypto space. As a result, the market is witnessing a tumultuous shift, with many traders re-evaluating their strategies amidst the ongoing fluctuations in cryptocurrency prices.
source: https://www.coindesk.com/markets/2025/10/17/bitcoin-loses-usd106k-as-bullish-crypto-bets-rack-up-usd800m-in-liquidations