- Bitcoin plunged to $112K in a flash crash, its lowest since Sept. 10.
- $1.7B in liquidations hit the market, wrecking over 400,000 traders.
- Altcoins followed BTC’s drop, with ETH sliding under $4,050 before a small rebound.
Bitcoin just joined the ongoing altcoin bloodbath with a violent flash crash, plunging to $112,000 in a matter of minutes. The move marked BTC’s lowest point since September 10, leaving traders stunned as billions evaporated across the market.
Flash Crash Wipes Out $1.7B
Earlier today, liquidations across crypto stood near $600M. But after Bitcoin’s sudden drop, that figure skyrocketed to $1.7B on the daily scale, according to CoinGlass. More than 400,000 traders were liquidated, with the largest single position worth nearly $13M.
Ethereum and XRP, already leading losses among large caps, slid further, with ETH dropping under $4,050 before bouncing back to $4,200. Altcoins like CRO and HYPE also dumped between 7%–8%, deepening the selloff.
Bitcoin Sheds $5,500 in Hours
Bitcoin had been holding relatively steady earlier in the day, trading around $114,500 despite broader market weakness. But the resilience broke fast, with BTC tumbling $5,500 from Sunday’s $115,600 level. The flash crash erased short-term support and reignited fears of another leg down.
What’s Next for BTC?
With volatility spiking and liquidations piling up, traders are now eyeing whether Bitcoin can stabilize above $112K or if more downside pressure will drag it lower. Historically, such sudden flush-outs sometimes mark local bottoms—but with the market still shaky, caution is the name of the game.
