Market Manipulation or Trump Tariff Threat? Long Positions Suffer $16.8 Billion Loss in Crypto Market Shakeout

**Bitcoin Market Crash Triggers $19.31 Billion in Liquidations as BTC Plunges Below $110K**

The cryptocurrency market experienced a devastating shakeout on October 10, with Bitcoin (BTC) briefly crashing below the $110,000 support level, causing widespread panic among traders and investors. This dramatic price collapse triggered massive liquidations totaling $19.31 billion, affecting over 1.6 million cryptocurrency traders worldwide.

The market turmoil represents one of the most significant crypto liquidation events in recent history, with long positions bearing the brunt of losses estimated at $16.8 billion. The sudden Bitcoin price drop caught many leveraged traders off-guard, forcing automated sell-offs across major cryptocurrency exchanges.

Market analysts are debating whether this massive crypto market correction stems from coordinated market manipulation or external factors like Trump administration tariff threats affecting broader financial markets. The liquidation cascade highlights the volatile nature of cryptocurrency trading and the risks associated with leveraged Bitcoin positions.

This historic crypto market event underscores the importance of risk management in digital asset trading, as blockchain-based investments continue to demonstrate extreme price volatility that can quickly eliminate trader profits and capital.