Bitcoin’s nosedive that started earlier this morning continued in the past hour or so as the asset plunged to a two-week low of just over $105,000.
The altcoins were obliterated once again, with BNB slumping below $1,000, ETH dropping by over 6%, and SOL plunging by over 8% daily.
CryptoPotato reported the first wave of BTC declines that transpired earlier today when the cryptocurrency was rejected at $111,000 and slumped by roughly four grand to $107,000. It managed to stabilize there at first and even tapped $108,000 before the bears initiated another leg down an hour ago, pushing the asset south to $105,300 (on Bitstamp).
This multi-week low harmed over-leveraged traders, as the total longs liquidated for BTC alone are worth over $300 million on a daily scale.
Even whales with impeccable records up to this point were wrecked. Lookonchain reported that Machi Big Brother has been fully liquidated, marking a total loss of over $15 million. Another trader – 0xc2a3 – that had a 100% win streak until today has “surrendered,” closing BTC, ETH, and SOL longs at a loss. Their total P&L went from over $33 million to -$17.6 million.
The 100% win streak is over — trader 0xc2a3 has surrendered.
He closed all his $BTC longs and part of his $ETH and $SOL longs at a loss.
His total P&L has flipped from +$33M to –$17.6M.https://t.co/2I4Jrb3MUA pic.twitter.com/3bSIXFG9JV
— Lookonchain (@lookonchain) November 3, 2025
Most altcoins have suffered even more in the past 24 hours, led by double-digit declines by ASTER (-20%), WLFI (-12%), APT (-12%), PEPE (-11.3%), WLD (-11%), ARB (-11%), and several others.
Even the larger caps were not spared. Ethereum slipped below $3,600 earlier today, BNB trades below $1,000 as of press time, XRP has lost the $2.40 support, while SOL has dumped below $170 after an 8% drop.
The total value of wrecked positions has skyrocketed to more than $1.1 billion, according to CoinGlass data. In total, more than 300,000 traders have been liquidated, with the single-largest position taking place on HTX, which was worth almost $34 million.
The post Crypto Carnage Continues: BTC, ETH, XRP Plunge Further as Liquidations Top $1.1B appeared first on CryptoPotato.
Two whales with impressive track records were also wrecked. AA News, Crypto News, Bitcoin (BTC) Price, Ethereum (ETH) Price, Ripple (XRP) Price
This articles is written by : Nermeen Nabil Khear Abdelmalak
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