Analysts Warn $110K Breakdown Could Extend As $7B Liquidation Shakes Market
The post Analysts Warn $110K Breakdown Could Extend As $7B Liquidation Shakes Market appeared on BitcoinEthereumNews.com.
Bitcoin trades around $112,450, rebounding after a 10% flash crash that erased over $7 billion in positions. Trump’s 100% tariff on Chinese goods triggered panic selling, pushing BTC into critical $110K support. Exchange outflows above $400M signal accumulation as whales buy the dip despite near-term caution. Bitcoin price today trades near $112,450, recovering slightly after a violent 10% flash crash triggered by renewed U.S.-China trade tensions. The selloff, which erased over $7 billion in leveraged positions, sent BTC tumbling from the $120,000 zone to as low as $111,100 before buyers stepped in. The drop marks one of the steepest intraday declines of 2025, pushing Bitcoin toward its key ascending trendline support. Bitcoin Price Faces Major Technical Breakdown BTC Price Analysis (Source: TradingView) The daily chart shows Bitcoin breaking decisively below the 20-day and 50-day exponential moving averages (EMAs), which now act as short-term resistance near $115,800 and $117,500. Price briefly pierced the ascending trendline that has guided the rally since May but closed just above it, preserving structural integrity for now. If BTC fails to reclaim $113,500–$115,000, momentum could deteriorate quickly toward the 200-day EMA near $107,800 — the next critical defense zone. The on-balance volume (OBV) indicator remains elevated at 1.74 million, showing that while selling was intense, longer-term holders have not yet capitulated. Trump’s Tariff Shock Triggers Flash Crash Friday’s market meltdown followed U.S. President Trump’s announcement of a 100% tariff on Chinese goods, reigniting fears of a global trade war. Crypto assets plunged instantly, with Bitcoin falling over $12,000 in hours. The announcement came after markets had already weakened on reports of new export controls from China on rare earth metals. Trump’s late-afternoon post on Truth Social, confirming the additional tariff from November 1, triggered panic selling across both spot and derivatives markets. Analyst Bob Loukas described…
Filed under: News - @ October 11, 2025 10:24 am