Crypto Market Crash Today [ LIVE] Updates October 11th

Bitcoin ($BTC) tumbled from an intraday high of $122,456 to a low of $105,262, dropping 6.83% and currently holding at $112,975. Ethereum (ETH) fell 12.15%, Binance Coin (BNB) dropped 9.87%, and XRP plunged from $2.83 to $1.89, marking a 13.17% loss. The sharp declines across major cryptocurrencies highlight intense selling pressure and ongoing market volatility, leaving traders cautious as the market seeks its next support levels.

The entire crypto market crashed within a single candle. Leverage traders faced massive liquidations as panic spread across exchanges. Bitcoin, Ethereum, and top altcoins turned deep red while liquidity vanished in minutes, leaving order books thin and spreads wide. Trading bots and algorithms amplified the chaos, accelerating the crash. As traders rushed to exit, the market showed no mercy. The plunge was a stark reminder that crypto rewards the brave but punishes the careless.

A massive crypto crash has wiped out nearly 96% of futures traders, triggering widespread panic selling among spot holders. Billions in liquidations swept through the market as prices plunged across major assets. Yet behind the chaos, institutions are quietly accumulating, mirroring the pattern seen after the March 2020 COVID crash, which later sparked one of the biggest altcoin seasons in history. While retail fear dominates, smart money appears to be buying the dip once again.

The October 2025 crypto crash wasn’t just chaos; it looked orchestrated. While retail traders were liquidated, insiders made billions. Hours before Trump announced 100% China tariffs, a 2011 Bitcoin whale opened billion-dollar shorts on BTC and ETH, which were soon mirrored by linked wallets. When markets plunged Bitcoin down 13%, Ethereum down 18%, and altcoins down 90% that whale doubled down, earning around $200 million. Over $1T was erased, 1.4M traders were wiped out, and stablecoins even depegged.

A Bitcoin whale who opened massive short positions on BTC and ETH just before the recent crash is now sitting on over $35.8 million in unrealized profit and still hasn’t closed their trades. The move suggests they expect prices to fall even further. The timing has fueled speculation of insider knowledge, as the market plunged shortly after Trump’s tariff announcement. Once again, it appears the crypto market’s biggest moves favor those in the know.

Gold advocate and Bitcoin critic Peter Schiff has sounded another alarm—this time on Ethereum’s sharp decline. While Bitcoin has dropped about 10% from its all-time high, Ether is down over 21%, now hovering near $3,900. Schiff cautioned that if ETH breaks its key support at $3,350, it could swiftly plunge toward $1,500. Known for his bearish stance on crypto, Schiff urged investors to “get out now,” predicting deeper pain if market sentiment worsens.

The recent crypto crash became the perfect storm for the biggest liquidation event in history, wiping out over $19 billion as hidden leverage across the market unraveled. Traders and funds had shifted from spot to leveraged positions chasing perp DEX airdrops, masking true market risk. When Trump’s 100% tariff announcement hit an already overbought equities market, it triggered a chain reaction. Fragile altcoin liquidity, overexposed leverage, and mismatched valuations caused a violent unwinding, forcing funds to liquidate. A brutal reset yet a setup for the next cycle.

The crypto market just witnessed its largest liquidation event in history, with over $19.16 billion wiped out in hours nearly 20x bigger than the March 2020 Covid crash and far surpassing the $1.6 billion FTX collapse. Triggered by Trump’s 100% tariff announcement on Chinese imports, Bitcoin plunged to $102K, altcoins crashed up to 90%, and over $1 trillion in market cap vanished. The event marks a historic leverage flush, resetting the market for the next potential bull phase.

The crypto market crashed after Trump announced 100% tariffs on Chinese imports starting November 1, shocking global markets. Bitcoin plunged to $102K, altcoins dropped up to 90%, and over $1 trillion in market cap vanished within hours. On-chain data revealed a whale had opened massive shorts on BTC and ETH days before the announcement, profiting $200M from the crash. The event wiped out leverage and weak hands signaling a potential market reset rather than the end of the bull cycle.