Bitcoin Falls Below $100K, Wipes Out $1 Trillion from the Crypto Market – Here’s What’s Really Happening
Bitcoin slipped below $100,000 for the first time since June 2025 and officially entered bear market territory with a 20% decline from its October 6 record high as crypto markets wiped out over $1 trillion in total market capitalization.
The sharp downturn, driven primarily by unprecedented leverage levels rather than weakening fundamentals, has left 300,000 traders liquidated daily on average while crypto adoption, deregulation, and technological advancement continue at a record pace.
The massive selloff can be traced back to heightened leverage amplifying market swings, particularly the $20 billion liquidation event on October 10.
“Leverage is a wild ‘drug,’” noted The Kobessi Letter, describing how the market has…
