Биткоин упал до $111 000: массовые ликвидации и макроэкономическая нестабильность Headline: Bitcoin Drops to $111,000: Mass Liquidations and Macroeconomic Instability

The value of Bitcoin, the leading cryptocurrency, has plunged to around $111,000 due to macroeconomic uncertainties.

In the past 24 hours, Bitcoin has dropped by 9.5%. Most of the top altcoins by market capitalization experienced even steeper declines, with Solana and XRP losing about 20% and Dogecoin over 24%.

The total volume of liquidations in the crypto market over the last day exceeded a staggering $19 billion, with nearly $17 billion of closed positions being longs.

The largest single liquidation occurred on the Hyperliquid exchange, amounting to $203 million in the ETH/USDT trading pair.

The total market capitalization of cryptocurrencies has shrunk to approximately $3.8 trillion.

The crash in digital assets was triggered by a statement from U.S. President Donald Trump regarding the potential imposition of 100% tariffs on Chinese imports starting November 1. The president’s harsh measures were sparked by the Chinese government’s introduction of export restrictions on rare earth elements during the same timeframe.

«There is a slight panic in the markets right now—classic macroeconomic shock. Trump and China are exchanging tariff threats, stocks are falling, and traders are trying to mitigate risks,» commented Corey Clipsten, CEO of Swan Bitcoin, for Cointelegraph.

The S&P 500 and Nasdaq 100 indices fell by 2.7% and 3.5%, respectively, over the day.

According to Clipsten, such market downturns typically flush out «leveraged traders and weak hands, then set the stage for positioning for subsequent gains.»

Economist Timothy Peterson noted that Bitcoin has experienced drops exceeding 5% in October at least four times over the past decade, and in three of those instances, prices rebounded confidently within a week.

Data from CoinGlass indicates that historically, Bitcoin exhibits an average growth of about 20% in October. The month ranks second only to November, which has a return of 46%, earning the nickname «Uptober» in the community, a play on the word «up.»

«There’s still 21 days left in Uptober,» reassured investors Samson Mow, CEO of Jan3.

Michael van de Poppe, founder of MN Trading Capital, believes the market may have simply hit a bottom in the current cycle.

Bitwise Invest strategist Juan Leon reminded that dips influenced by overall market movements often present a good buying opportunity.

Investment Director Matt Hougan echoed a similar sentiment but pointed out that some investors hesitate to buy despite their intentions because the market often «feels bad» during these times.

«It’s never ‘nice’ to buy when the market is down. Declines occur when sentiments are low,» he added.

In light of the market slump, the cryptocurrency fear and greed index has dropped from the neutral zone to a score of 37.

It’s worth noting that the overbought zone for Bitcoin is expected to arrive at roughly $180,000, according to analyst Frank Fetter. Trader Peter Brandt believes the cryptocurrency’s potential upward movement in the current cycle could reach at least $185,000.