Overview

• Bitcoin slid from midweek highs near $122,000 to an intraday low around $102,000 before stabilizing near $110,000–$115,000, with ether and solana posting steeper percentage drops.
• CoinGlass labeled the episode the largest crypto liquidation on record, estimating roughly $18–$19 billion wiped out within 24 hours, with losses overwhelmingly hitting long positions.
• One of the biggest single liquidations was an ETH-USDT position of about $203 million on Hyperliquid, as derivatives volumes surged and cascading margin calls accelerated price declines.
• U.S. stocks also sold off following the tariff announcement, with major indices logging their worst day in months as risk appetite weakened late Friday.
• Reports noted ongoing institutional interest, including about $2.72 billion in spot bitcoin ETF inflows through Thursday, while a Fed official said tariff-related inflation pressures should be temporary and CPI publication was pushed to October 24.