Overview

• Bitcoin slid from a record near $126,000 on Oct. 7 to about $104,000 by Oct. 17 before stabilizing around $105,000–$107,000, with Ethereum down roughly 14% and Solana off about 23% over the period.
• Coinglass reported about $19.3 billion in leveraged crypto positions were liquidated on Oct. 10–11, ranking among the largest unwind events tracked.
• Reports link the market break to renewed U.S.–China trade tensions after President Donald Trump announced 100% tariffs on Chinese goods, though the catalyst remains observational rather than definitive.
• Arkham said a whale earned approximately $192 million by shorting before the drop and has reopened a sizable short position worth roughly $163 million on Hyperliquid.
• Despite the valuation hit, Arkham still places Satoshi around 15th on global wealth lists, ahead of figures such as Alice Walton and Michael Bloomberg.