Can BTC and ETH Recover Following a $19B Liquidation Surge?
A selloff in the trading market due to macroeconomic pressures resulted in a staggering $19.37 billion being eliminated in leveraged positions within a single day. Nevertheless, now that the tumult has subsided and the situation has settled, let’s examine how the two leading cryptocurrencies are currently performing.
To begin with, some background information. On October 10, 2025, U.S. President Trump declared a trade conflict against China in retaliation for China’s limitations on rare earth mineral exports.
(Source: CoinGecko)
He stated, “Due to China taking this unprecedented stance, I am speaking solely for the USA, and not other countries similarly at risk. Beginning November 1, 2025 (or sooner, based on any further measures taken by China), the United States will impose a 100% tariff on Chinese goods, in addition to any tariffs they are currently subject to.”
lol WHAT DID CHINA EXPECT TRUMP TO DO?!?!
100% tariffs added to existing tariffs. pic.twitter.com/gcPhIbl4C5
— China Uncensored (@ChinaUncensored) October 10, 2025
Additionally, he introduced restrictions on exports of vital software, fueling speculation of an all-out tariff conflict between the nations, leading to a plummet in the crypto asset market.
BTC
0.82%
BTC
Bitcoin
Price
$111,593.88
0.82% /24h
Volume in 24h
$60.13B
Price 7d
dipped to $107,468 on Friday, then rebounded to close at $114,559, reflecting a nearly 6% drop for the day. The price saw a temporary increase, touching $110,000 once more, before declining by 1.82% on Saturday to finish at $112,69.
Presently, BTC is trading below its 50-day EMA, yet it remains above the 200 EMA, suggesting a short-term bearish outlook, but the long-term optimistic sentiment remains intact.
Source: TradingView
If it surpasses $115,000, it would position its 50-day EMA for consideration. Should it maintain and stabilize above that mark, BTC’s price might ascend toward the $125,761 point.
$BTC news
BTC reached new all-time highs before a flash crash that pulled it down to $102K.
A swift rebound from $108K indicates strong absorption, but $116K (Oracle line) needs to flip to price floor for upward progression.This wasn’t an ordinary correction; it was a available volume flush.… pic.twitter.com/CoTZ5Z80y5
— Pirow (@DanielPirow) October 12, 2025
Conversely, should BTC dip below $110k, its next significant base level lies at $100,000.
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Ethereum Stays Steady At $3,825 Following Significant Crypto Selloff
The panic liquidations briefly pushed ETH price down to about $3,500. However, Ethereum has since bounced back to regain the support level at $3,825. It is currently trading at
.
A major investor shorted $600 million in BTC and $300 million in Ethereum, contributing to nearly $19 billion wrecked during one of the largest selloffs seen in recent memory.
A BIG INVESTOR JUST OPENED A MASSIVE $330M $ETH SHORT
IS THE PRICE DROP COMING? pic.twitter.com/f49YjKhGmE
— AlΞx Wacy
Analyst Donald Dean emphasized that $3,825 is currently the crucial short-term support zone. However, the macroeconomic conditions may lead to further declines in the upcoming week.
$ETH $ETHUSD Ethereum – Significant Drop, What’s Next
As previously mentioned, $3825 appears to be the short-term price floor following the rapid decline from a whale shorting BTC alongside mass liquidations. The impact on crypto was $19 billion, which is astonishing.
Monday might present additional weaknesses, but long-term… https://t.co/unr786Qx7A pic.twitter.com/f6lYzt3mC3
— Donald Dean (@donaldjdean) October 11, 2025
Despite the recent downturn, ETH’s technical formation remains uptrend. Dean noted a bull flag pattern emerging on the daily chart, which could indicate a rebound if Ethereum stays above $3,875.
If the base level level is maintained, ETH could aim for price ceiling between $4,500 and $5,766. Conversely, a breach below $3,500 could lead to deeper zones of support.
(Source: TradingView)
Crypto market analyst Alex Wacy noted that the recent downturn has eliminated excess leverage and weaker participants, creating a favorable environment for a significant increase, and that ETH could achieve a new all-time high in the near term.
Interesting how numerous “experts” are suddenly predicting a BEAR CRYPTO MARKET.
Leverage has been cleared. Market fluidity has been purged. Weak hands have capitulated.
This is precisely when BIG RALLIES commence.
To me, all signs indicate a new $ETH ATH in the upcoming weeks. pic.twitter.com/E5xOoqTh21
— AlΞx Wacy
Wacy projected that Ethereum could hit between $4,300 and $5,175 in October, aiming for around $12,000 in the long-term by late 2025.
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WLFI, Aster and Sonic Labs Commit to Major Token Buybacks Following Crypto Crash
In the aftermath of one of the most significant crypto crashes in recent times, three altcoin projects have initiated substantial crypto token buybacks aimed at alleviating selling pressure and reinstating confidence among users.
World Liberty Financial (WLFI) announced a $10 million buyback using the USD1 stablecoin. According to distributed record analytics, the buyback was implemented gradually through a TWAP model, designed to spread purchases over time and mitigate sharp price fluctuations.
While others panic, we accumulate.
Today we acquired $10 million worth of $WLFI — and this is just the beginning.
We understand how the game is played.https://t.co/do3wPuiuZc— WLFI (@worldlibertyfi) October 11, 2025
The acquired tokens will be taken out of circulation to base level price stability over time.
Aster relocated 100 million of its ASTR tokens from its treasury to repurchase from the crypto market shortly after the platform launched its Stage 2 Free token distribution Checker.
Sonic Labs allocated $6 million to buy back its native $S tokens, which were added to the treasury.
While most networks struggled to maintain operations, Sonic performed seamlessly. Zero pending transactions, near-instant confirmations, and minimal fees across all DEX and apps.
While others retreated, we advanced by investing $6 million in open-market purchases, enhancing… https://t.co/56bYdob3rN pic.twitter.com/BjlyIkzm7D
— Sonic (@SonicLabs) October 11, 2025
They highlighted that while the crash occurred, their protocol remained stable, with the CEO stating that native assets might yield better long-term returns compared to relying on stablecoins.
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Veteran Crypto holder Peter Brandt Optimistic On BTC, XRP, Ethereum, and XLM
Renowned crypto holder Peter Brandt is uptrend about Bitcoin, ETH, XRP, and Stellar (XLM) potentially gearing up for upward movements.
In a post on X, he indicated that BTC’s chart resembles previous patterns that were precursors to significant rallies.
A few last posts for the weekend, then I will leave you youngsters with your aspirations$XRP – just a minor reaction amidst a larger theme$BTC – bull remains alive and strong$XLM – a bull awakening from slumber$ETH – ready to take off
If I change my mind, I won’t inform you pic.twitter.com/rL1nVETYSn— Peter Brandt (@PeterLBrandt) October 11, 2025
He also noted that Ethereum is holding strong despite the recent market fluctuations.
Regarding XRP and XLM, Brandt pointed out indications of accumulation, suggesting traders may be cautiously buying the dip, which may indicate these coins will follow a similar upward trajectory.
In summary, despite short-term price swings, the long-term outlook for these assets appears promising.
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BitForex CEO Connected To $735M Bitcoin Short
An investigation by crypto analyst “Eye” has linked a shadowy big investor on Hyperliquid controlling over 100,000 Bitcoin to Garett Jin.
Jin is the former CEO of BitForex, an exchange that was shuttered following fraud allegations.
1/ An analysis into the purported identity of the unknown Hyperliquid/Hyperunit large holder, who possesses over 100,000 BTC. Recently, he sold over $4.23B in Bitcoin to acquire Ethereum and is also the individual behind the $735M Bitcoin short order executed on the same platform. pic.twitter.com/WeNvmiYP8v
— Eye (@eyeonchains) October 11, 2025
In his X post, Eye referenced the whale’s main digital wallet, dubbed ereignis.eth. This digital wallet connects to another ENS address, garrettjin.eth, which points to Jin’s verified X account, @GarrettBullish, implying a significant connection between the two.
Eye elaborated, “The ENS name ereignis.eth (‘event’ in German) substantiates his association with this crypto wallet, identifying him as the figure behind extensive operations on Hyperliquid/Hyperunit.”
The wallet’s transaction history aligns with Jin’s business engagements, showcasing transfers to earning yield contracts and wallets funded through exchanges linked to him, such as Huobi (HTX).
Additionally, the crypto wallet received and dispatched funds associated with BitForex-related addresses and Binance deposits, which facilitated massive transactions, including one with $735 million worth of Bitcoin.
However, skepticism remains. Crypto analyst Quinten François expressed concerns that the evidence seems overly convenient for his interpretation.
It doesn’t add up to me.
Why would there be an .eth name leading to your X handle in a wallet directly linked to trading market manipulation wallets and those associated with illicit activities?
I don’t think anyone is foolish enough.
— Quinten | 048.eth (@QuintenFrancois) October 12, 2025
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