A crypto selloff triggered by macro tensions wiped out $19.37 billion in leveraged trades in just 24 hours. However, now that the storm has passed and the chips have fallen where they did, let’s look at how the two biggest cryptocurrencies are faring at the moment. But first, a precursor. On 10 October, 2025, US …
[LIVE]Can BTC And ETH Rebound After A $19B Liquidation Storm?
A crypto selloff triggered by macro tensions wiped out $19.37 billion in leveraged trades in just 24 hours. However, now that the storm has passed and the chips have fallen where they did, let’s look at how the two biggest cryptocurrencies are faring at the moment.
But first, a precursor. On 10 October, 2025, US President Trump announced his trade war against China in a response to China restricting rate earth mineral exports.
(Source: CoinGecko)
He said, “Based on the fact that China has taken this unprecedented position, and speaking only for the U.S.A., and not other Nations who were similarly threatened, starting November 1st, 2025 (or sooner, depending on any further actions or changes taken by China), the United States of America will impose a Tariff of 100% on China, over and above any Tariff that they are currently paying.”
lol WHAT DID CHINA THINK TRUMP WOULD DO?!?!
100% tariffs on top of all the other tariffs. pic.twitter.com/gcPhIbl4C5
— China Uncensored (@ChinaUncensored) October 10, 2025
Additionally, he announced export control of critical software, that drove the speculation of a full blown tariff war between the two countries, crashing the crypto market.
Bitcoin
0.74%
Bitcoin
BTC
Price
$111,792.91
0.74% /24h
Volume in 24h
$62.31B
Price 7d
dropped to $107,468 on Friday, before bouncing back to close at $114,559 down nearly 6% for the day. The price action saw a brief uptick and touched $110,000 again, before slipping by 1.82% on Saturday to end at $112,69.
Market Cap
For now, BTC is trading below its 50-day EMA, but has maintained its position above the 200 EMA, signaling a bearish short-term but the long-term bullish sentiment is intact.
Source: TradingView
If it breaches through $115,000 it would bring its 50-day EMA into play. If it manages to hold and sustain above that level, it is possible for BTC’s price to move towards the $125,761 level.
$BTC update
BTC hit new ATHs, then flash-crashed through all liquidity boxes down to $102K.
A quick recovery from $108K shows strong absorption, but $116K (Oracle line) must flip to support for upside continuation.This wasn’t a normal correction, it was a liquidity flush.… pic.twitter.com/CoTZ5Z80y5
— Pirow (@DanielPirow) October 12, 2025
On the flipside, if BTC falls below $110k, the next major support is at $100,000.
EXPLORE: Top 20 Crypto to Buy in 2025
ETH Stable At $3,825 After Huge Crypto Selloff
Panic liquidations saw ETH price slip briefly to around $3,500. Since then however, ETH has bounced back to reclaim the support level at $3,825. It is currently trading at
.
Market Cap
A whale shorted $600 million in Bitcoin and $300 million in ETH, contributing to nearly $19 billion in a crypto selloff, one of the biggest in recent history.
BREAKING:
WHALE JUST OPENED A MASSIVE $330M $ETH SHORT
IS THE DUMP COMING? pic.twitter.com/f49YjKhGmE
— AlΞx Wacy
(@wacy_time1) October 10, 2025
Analysis Donald Dean noted that $3,825 is now the key short-term support level. However, this depends as macro developments could lead to more downsides the coming week.
$ETH $ETHUSD Ethereum – Big Drop, What’s Next
As mentioned, $3825 appears to be our short-term support after the huge move down from a whale shorting BTC along with mass liquidations. $19 Billion Impact for crypto, unreal.
Monday could show additional weakness, but long-term… https://t.co/unr786Qx7A pic.twitter.com/f6lYzt3mC3
— Donald Dean (@donaldjdean) October 11, 2025
Despite the recent shakedown, ETH’s technical setup is still promising. Dean pointed out to a bull flag pattern forming on the daily chart, which signals a potential rebound if ETH maintains about $3,875.
If the support holds, ETH can potentially target resistance levels between $4,500 and 5,766. On the flipside, a drop below $3,500 could lead to deeper support zones.
(Source: TradingView)
Market analyst Alex Wacy stated that the recent shakedown has cleared excess leverage and weak hands, setting the stage for a strong rally and that ETH could reach a new ATH in the coming weeks.
Funny how so many “experts” are suddenly calling for a BEAR MARKET.
Leverage wiped. Liquidity cleared. Weak hands capitulated.
This is exactly when MASSIVE RALLIES are born.
All signs to me point to a new $ETH ATH in the coming weeks. pic.twitter.com/E5xOoqTh21
— AlΞx Wacy
According to Wacy, ETH could reach somewhere between $4,300 and $5,175 in October and around $12000 in the long term by late 2025.
EXPLORE: Best New Cryptocurrencies to Invest in 2025
There are no live updates available yet. Please check back soon!
The post [LIVE]Can BTC And ETH Rebound After A $19B Liquidation Storm? appeared first on 99Bitcoins.
Ethan Wallwork
Ethan Wallwork is a technology journalist turned crypto enthusiast who covers the intersection of blockchain, AI, and global finance. With a background in data analytics, he specializes in uncovering patterns in market behavior and forecasting trends in digital asset adoption. Ethan’s articles often highlight how African startups are leveraging blockchain for real-world impact.
