Bitcoin price big dump flash crash to 101,000! 7 billion USD liquidated, DOGE 50% Slump.

On October 10, [Bitcoin] ( / buy-bitcoin-btc) price plummeted over 10% in a flash crash to $101,500, triggering over $7 billion in leveraged positions for Forced Liquidation. Ethereum simultaneously fell over 10%, alts suffered catastrophic hits, Solana plummeted over 30%, and DOGE experienced a 50% Slump. The geopolitical tensions between the US and China led to a massive dumping of orders in the futures market, causing liquidity to evaporate instantly and revealing structural vulnerabilities in the crypto market. BTC rebounded to $112,500, but the $110,000 support became a lifeline.

Complete Timeline of Bitcoin Price Big Dump Flash Crash Incident

(Source: Trading View)

On October 10, a sudden flash crash shook the entire crypto market. Bitcoin, Ethereum, and other major tokens fell sharply in a short time, with billions of dollars in leveraged positions wiped out in an instant, followed by a partial technical rebound.

· Core Data on Bitcoin Price Big Dump

Bitcoin (BTC) crash path:

Price before the crash: approximately $113,000-$115,000

Lowest point: $101,500

Fall: Over 10%

Rebound price: around $112,500 (as of the time of writing)

Key support: $110,000-$111,000 range

This big dump is one of the largest single-day falls of the year, with prices swinging more than $11,000 from high to low, catching high leverage traders off guard. Falling below the psychological barrier of $100,000 triggered a chain reaction of panic, with a large number of stop-loss orders being triggered, further intensifying the dumping pressure.

· Trigger Factors: Geopolitics and Market Structure

The recent fall was triggered by a large number of sell orders in the futures market, which forced the already fragile market into a massive liquidation following the escalation of geopolitical tensions between the United States and China. The Trump administration's tariff threats against China served as the catalyst, resulting in a synchronized dumping of global risk assets.

This wave of Forced Liquidation intensified market volatility, with the liquidity of major trading pairs evaporating within minutes. The order book for Bitcoin rapidly diminished, leading to a spiral fall in price until large buyers intervened to absorb this extreme volatility.

Mainstream Coins and Altcoins Casualty Statistics

· Ethereum Sync Plummets

Ether (ETH) also dropped over 10% during the session, before stabilizing above $3,800. As the second largest cryptocurrency by market capitalization, the crash of ETH further amplified the market's panic sentiment.

ETH Key Price Level:

Intraday low point: about $3,600-3,700

Current stable price: above $3,800

Key support range: $3,800-$4,000

Technical analysis judgment: This range must be maintained to avoid further downward pressure.

Although Ethereum's spot trading volume surpassed BTC for the first time in the past few days, during the flash crash event, the selling pressure was equally intense, indicating that market sentiment is extremely fragile.

· Alts Bloodbath: SOL and DOGE Catastrophic Big Dump

The main altcoins have seen significant declines, with Solana and DOGE suffering catastrophic hits.

Solana (SOL) plight:

Decline: Over 30%

Current status: The trading price continues to be below the key $200 threshold.

Technical breakdown: Important support level lost, short-term rebound difficult.

DOGE 50% Slump:

Fall: Over 50% (almost 50% Slump)

Panic selling: The characteristics of meme coins amplify their volatility.

Quick Recovery: As of the time of writing, the trading price has risen above the 0.18 USD support level.

DOGE has experienced a rapid rebound, showing that some speculative funds are bottom-fishing at extreme lows. However, the sustainability of this V-shaped rebound is questionable, as the fundamentals have not improved; it is purely a technical oversold rebound.

Traders of alts using high leverage suffered the heaviest losses in this event. When BTC fell by 10%, alts generally saw declines between 20-50%. This amplification effect led to a large number of traders being forcibly liquidated within minutes, and even instances of negative balance occurred.

Structural Vulnerabilities Behind 7 Billion Dollar Liquidation

As of the time of writing, over 7 billion dollars in long and short positions have been liquidated amid severe price fluctuations. This is the highest single-day liquidation amount on record, far exceeding the previous event of 600 million dollars liquidated in 4 hours.

· Liquidation Data Depth Analysis

Liquidation Scale Statistics:

Total liquidation amount: over 7 billion USD

Long liquidations account for approximately 85-90% (the vast majority are long positions)

Main liquidation trading pairs: BTC/USDT, ETH/USDT, SOL/USDT

Average leverage multiple: estimated between 10-20 times

This big dump highlights the structural fragility of the crypto market: high leverage and concentrated liquidity amplify sudden price shocks. When prices fall rapidly, the chain liquidation effect creates a panic spiral of long liquidations.

· Liquidity Crisis Reveals Systemic Risks

The order book depth of major exchanges sharply decreased during the flash crash, with large sell orders unable to find counterparties, leading to prices gapping down hundreds or even thousands of dollars in a matter of seconds. This phenomenon of liquidity exhaustion revealed the retreat behavior of market makers during extreme volatility.

Liquidity evaporation characteristics:

Order book depth: The buy order depth of major trading pairs has decreased by 60-80%.

Slippage Widening: Large transaction slippage surged from a normal 0.1% to over 5%.

Exchange Suspension: Some small exchanges temporarily suspend trading to protect the system.

The flash crash reminds us how quickly the sentiment in the digital asset market can reverse, and how algorithmic trading and leverage can turn regular adjustments into rapid, systemic dumping.

Technical Key Support and Rebound Path Analysis

Despite the rebound, traders remain cautious. Whether the rebound in Bitcoin prices after the big dump is sustainable depends on whether it can hold the key technical support level.

· BTC Key Price Level Determination

Current price structure:

Current Price: Around $112,500

Key support: $110,000-$111,000

Secondary support: $105,000-$107,000

Rebound resistance: $115,000-$117,000

Bitcoin is facing a key support level around $110,000. If it falls below this level, it will trigger further technical adjustments and may retest the $105,000-$107,000 range. Conversely, if it can hold and break above $115,000, it will confirm that this flash crash is a short-term washout rather than a trend reversal.

· ETH Defense Line

Ethereum must hold the range of $3,800-$4,000 to avoid further downside pressure. If it falls below $3,800, the next support level is around $3,500, which would represent a correction of more than 20% from the high, entering a technical bear market.

Market Sentiment Indicator Observation

Traders' Focus Points:

Open Interest Level: Monitor whether leverage is being re-accumulated

Whale Activity: Are large addresses accumulating at low prices or continuously dumping?

Funding Rate: Futures Market Long-Short Balance State

Fear and Greed Index: The speed of the shift from greed to fear

Market participants are closely monitoring these indicators for signs of stabilization or additional pressure. If the open contracts quickly rebound, indicating that speculators have not learned their lesson, it may lay the groundwork for the next liquidation.

The Double Meaning of Flash Crash: Cleaning or Warning?

This event is a dramatic yet potentially beneficial adjustment that washed away excess leverage after months of speculative accumulation. From a healthy market perspective, the $7 billion in liquidations cleared out weak long positions, making room for subsequent upward movement.

However, the big dump in Bitcoin prices is also a severe warning:

Leverage Risk: Excessive leverage can destroy wealth in extreme volatility.

Liquidity Illusion: Liquidity during normal times vanishes in a crisis.

Geopolitical Sensitivity: The crypto market remains highly affected by macro risks.

Vulnerability of altcoins: The fall of low market cap coins is magnified during a crash.

Investors should reassess their risk management strategies, reduce leverage, diversify exchange risks, and set aside cash reserves for similar events.