Crypto investors lost $16.8 billion as prices plunged, raising questions about potential market manipulation or the impact of threatened tariffs.

Bitcoin Price Drop and Liquidations

On October 10th, bitcoin experienced a sharp decline, falling below $110,000.

Liquidation Impact

This price drop resulted in approximately $19.31 billion in liquidations, affecting more than 1.6 million traders.

Previous Positive Trend

The week began with a positive outlook for bitcoin, as it achieved new record highs on two separate occasions.

Dramatic Price Correction

The initial promising week concluded with a dramatic and significant price correction, according to Bitstamp data.