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Bitcoin crashes as Trump’s China tariffs shake global markets
Bitcoin plunged below $110,000 after Trump announced 100% tariffs on China. Massive liquidations followed, but on-chain data hints at dip-buying by larger holders.
What we will talk about today...
Bitcoin drops to $102,000 after Trump’s 100% China tariffs
Whale makes $88 million shorting Bitcoin before crash
Three Bitcoin charts hint at possible rebound
Bitcoin holds $110,000, traders warn more pain ahead

Bitcoin fell sharply after Trump imposed full tariffs on Chinese imports, reigniting fears of a trade war.

[Market reaction]: Bitcoin futures on Binance hit $102,000, a three-month low.
[Liquidations]: Over $9.4 billion in crypto positions were wiped out in 24 hours.
[Altcoins]: Ether and Solana lost 12% and 14% respectively.
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“Global 2x leverage on most altcoins was totally wiped out,” said Hyblock Capital.

Whale makes $88 million shorting Bitcoin before crash
An anonymous trader shorted Bitcoin minutes before Trump’s tariff post, earning $88 million and sparking insider trading concerns.
[Timing]: The short position doubled right before Trump’s Truth Social post.
[Impact]: Bitcoin fell 17%, triggering $20 billion in liquidations.
[Behavior]: Long-term holders stayed calm while short-term buyers were hit hardest.
“The crash was more about timing, politically and psychologically,” analysts said.

Three Bitcoin charts hint at possible rebound
Despite record liquidations, Bitcoin’s trend remains inside its long-term uptrend channel.
It's all depending on whether #Bitcoin holds above the 20-Week MA.
If it closes above and we're bouncing back nicely, then this was the final capitulation that we had to witness.
Comparable to the COVID-crash and the FTX-low.
— Michaël van de Poppe (@CryptoMichNL)
7:07 AM • Oct 11, 2025
[Trend]: BTC’s 10% drop is smaller than past pullbacks that led to rebounds.
[Buyers]: “Shark” wallets holding 100–1,000 BTC accumulated heavily during the dip.
[Indicators]: Monthly Bollinger Bands remain tight, suggesting more upside potential.
“Bear markets don’t start when the monthly Bollinger Bands are still squeezing,” said chartist The Great Mattsby.

Bitcoin holds $110,000, traders warn more pain ahead
Bitcoin hovered near three-week lows after $20 billion in liquidations, with traders saying the bottom might not be in yet.
$BTC Here's Binance & Coinbase Spot
6K Price slip on binance spot vs coinbase spot today, although binance did 81.9K BTC in Volume on that 4H candle— Skew Δ (@52kskew)
3:13 AM • Oct 11, 2025
[Market mood]: Short positions rolled off as spot buyers cautiously stepped in.
[Altcoins]: Many small-cap tokens collapsed as part of a broader “crypto cleanse.”
[Risk]: Binance reports only one liquidation per second, suggesting total losses could be higher.
“This isn’t the bottom. The long-awaited crypto cleanse has begun,” said trader Roman.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results