$1B Liquidated as Bitcoin Hits 12-Day Lows, Casting Doubt on ‘Uptober’ Rally – is BTC Dead?

Bitcoin crashed to 12-day lows below $115,000 on Monday, triggering over $1 billion in liquidations within 20 minutes and marking the largest liquidation cascade of 2025, as the sudden price drop generated $1.7 billion in total liquidations over 60 minutes with 95% coming from long positions.

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