{"id":61577,"date":"2025-10-22T12:27:33","date_gmt":"2025-10-22T12:27:33","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/nearly-300m-wiped-out-as-bitcoin-retreats-to-108k\/"},"modified":"2025-10-22T12:27:33","modified_gmt":"2025-10-22T12:27:33","slug":"nearly-300m-wiped-out-as-bitcoin-retreats-to-108k","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/nearly-300m-wiped-out-as-bitcoin-retreats-to-108k\/","title":{"rendered":"Nearly $300M wiped out as Bitcoin retreats to $108K"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-price-fall-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-price-fall-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-price-fall-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-price-fall-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Bitcoin price jumped to near $114,000 before falling sharply to under $108,000.<\/li>\n<li>The dip saw nearly $300 million in BTC positions wiped out.<\/li>\n<li>BTC price hovered above $108,200 as bulls looked to bounce higher.<\/li>\n<\/ul>\n<p>Bitcoin\u2019s latest rally faltered early Wednesday, with top altcoins also dumping.<\/p>\n<p>The dip to lows of $107,534 erases gains accumulated as prices jumped to near $114,000.<\/p>\n<p>Notably, the dip triggered a cascade of leveraged-position liquidations across Bitcoin and the broader cryptocurrency market.<\/p>\n<h2>Bitcoin pullback to under $108k sees nearly $300m liquidated<\/h2>\n<p>After touching an intraday high near $114,000 on October 21, <a href=\"https:\/\/coinjournal.net\/news\/crypto-slump-worsens-as-bitcoin-slips-amid-a-broad-market-sell-off\/\">Bitcoin reversed<\/a> sharply as selling pressure overwhelmed bullish momentum.<\/p>\n<p>The flagship cryptocurrency fell to below $108,000, touching lows of $107,534 across leading crypto exchanges.<\/p>\n<p>The dip saw 24-hour BTC liquidations hit nearly $300 million, while the broader crypto market had over $650 million in leveraged positions liquidated.<\/p>\n<p>Like Bitcoin, the liquidations across the wider market impacted both longs and shorts.<\/p>\n<p>Per <a href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\" rel=\"noopener\">data from Coinglass<\/a>, bets getting rekt in the past 12 hours reached over $280 million, of which $128 million accounted for longs and $152 million for liquidated shorts in this period.<\/p>\n<p>Bulls who anticipated a sustained breakout were caught off-guard. Likewise, bears betting on an immediate collapse also suffered as the price quickly stabilised above $107,500.<\/p>\n<p>The benchmark crypto looks to have hit support and is currently eyeing more room for upside movement above the $108k mark.<\/p>\n<p>Gains are crucial for bulls as data shows new BTC whales are currently underwater.<\/p>\n<p>Crypto market data and analytics platform CryptoQuant says that as Bitcoin trades below its average cost basis of roughly $113k, weakness is notable.<\/p>\n<p>Whales currently face $6.95 billion in unrealised losses, which is the largest mark for the metric since Oct. 2023.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">New Whales are underwater.<\/p>\n<p>Bitcoin is trading below its average cost basis of ~$113K, leaving it with $6.95B in unrealized losses, the largest since Oct 2023.<\/p>\n<p>This cohort holds ~45% of the total Whale Realized Cap. <a href=\"https:\/\/t.co\/EyVqWjhzdm\">pic.twitter.com\/EyVqWjhzdm<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/1980632970634633642?ref_src=twsrc%5Etfw\">October 21, 2025<\/a><\/p>\n<\/blockquote>\n<h2>Bitcoin price outlook<\/h2>\n<p>As of press time, Bitcoin traded near $108,262, up about 1% over the past 24 hours.<\/p>\n<p>However, BTC is down nearly 5% in the past week, and the paring of gains seen as gold dumped on Tuesday suggests indecisiveness remains.<\/p>\n<p>While traders now await fresh catalysts, including quarterly earnings from technology giants and the Federal Reserve\u2019s next policy meeting, the immediate outlook has Bitcoin price hovering in the $107k-$115k region.<\/p>\n<p>Positive developments on the macro front could influence risk appetite across risk assets and correlated markets.<\/p>\n<p>Analysts see the current BTC price movement as one to watch, particularly as smart money positions.<\/p>\n<p>Captain Faibik shared the comment below on X.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> price action clearly shows signs of market manipulation..\ud83e\uddd0<\/p>\n<p>Smart Money is trapping both sides.. liquidating late longs and shorts before the Real move starts.<\/p>\n<p>Remember: Manipulation creates liquidity, and liquidity fuels Smart Money..<a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> <a href=\"https:\/\/t.co\/muxnstjFAg\">pic.twitter.com\/muxnstjFAg<\/a><\/p>\n<p>\u2014 Captain Faibik \ud83d\udc3a (@CryptoFaibik) <a href=\"https:\/\/twitter.com\/CryptoFaibik\/status\/1980861770924175795?ref_src=twsrc%5Etfw\">October 22, 2025<\/a><\/p>\n<\/blockquote>\n<p>Despite the path of least resistance appearing to be range-bound, buyers taking out the $115,000 level amid bullish sentiment will be a big plus.<\/p>\n<p>On the downside, the key price levels to defend are in the $105,000\u2013$108,000 zone.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/nearly-300m-wiped-out-as-bitcoin-retreats-to-108k\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin price jumped to near $114,000 before falling sharply to under $108,000. The dip saw nearly $300 million in BTC positions wiped out. BTC price hovered above $108,200 as bulls looked to bounce higher. Bitcoin\u2019s latest rally faltered early Wednesday, with [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":61578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/61577"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=61577"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/61577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/61578"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=61577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=61577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=61577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}