Bitcoin May Remain Range-Bound Near $110K After Longs Wiped Out in $270M Crypto Liquidations

• Bitcoin price news: BTC at $111,000 as longs wiped out

• Figure of the day: Ripple CEO slams regulators over banking access

• Chart of the day: XRP suffers 635% liquidation shock as bulls get “rekt”

Bitcoin price news: BTC near $111,700 after $270M+ liquidations hit crypto; read the market outlook and key levels from COINOTAG — stay informed now.

Published: 2025-10-16 | Updated: 2025-10-16 | Author: COINOTAG

• Bitcoin price news: BTC at $111,000 as longs wiped out
• Figure of the day: Ripple CEO slams regulators over banking access
• Chart of the day: XRP suffers 635% liquidation shock as bull get “rekt”
• Ethereum can grab 60% share of $2 trillion stablecoin market
• Evening outlook

The cryptocurrency market just pulled the rug on leverage again, clearing out more than $270 million in forced liquidations in the last 24 hours. Ethereum traders absorbed the hardest hit with $132.8 million erased, Bitcoin followed with $126.2 million, and XRP holders lost $12.4 million.

Federal Reserve Chair Jerome Powell signaled a pause in quantitative tightening, attempting to reintroduce risk appetite, but the market reaction was muted. Prices remain capped, leverage is exaggerated, and each bounce looks vulnerable to headline-driven reversals.

What is the latest Bitcoin price news?

Bitcoin price news shows BTC closing yesterday at $111,706, up on the day but still contained beneath the key $114,000 ceiling. Futures data recorded roughly $126.23 million in Bitcoin liquidations, predominantly long-side, underscoring that leveraged bulls took the brunt of the move.

What drove the recent BTC liquidations and where are the key levels?

Recent liquidations were driven by a sudden downside move that tested the market’s tolerance for leverage. The intraday low hit $110,400 before a partial recovery to $111,706. Market structure now points to $110,000 as the critical floor and $114,500–$118,000 as the upside targets bulls must reclaim to regain momentum. TradingView price data and futures platforms reported the liquidation totals as part of the derivatives flow metrics.

BTC/USD by TradingView

Why is the Ripple CEO challenging regulators on banking access?

At DC Fintech Week, Ripple CEO Brad Garlinghouse said regulators must offer equal access to financial infrastructure if they require crypto firms to meet the same AML, KYC and OFAC standards as traditional banks. Garlinghouse argued that without equal access to master accounts and core banking rails, regulation becomes selective enforcement. Ripple’s pursuit of a U.S. national banking license is ongoing, and the company says major banks are lobbying against its entry.

How does this regulatory dispute affect XRP and market sentiment?

The dispute adds a governance and access layer to XRP’s market narrative. Institutional decisions about banking access influence on-ramps, custody and liquidity for crypto-native firms. With regulatory uncertainty unresolved, investor appetite for XRP and similar digital assets remains sensitive to policy developments as well as derivatives-driven shocks.

Chart of the day: What caused the XRP 635% liquidation spike?

Derivatives metrics show XRP suffered approximately $12.43 million in futures liquidations in a single day, with about $10.74 million stemming from long positions. That represents a dramatic imbalance — a 635% spike compared to typical long/short ratios — and highlights how concentrated one-sided positioning can amplify downside moves when the market turns.

Source: CoinGlass

Market participants cite the combination of overleverage and looming ETF decisions as the primary drivers of heightened volatility for XRP. The recent rebound to $2.43 failed to fully restore confidence after the earlier break below $2, leaving traders exposed to liquidation cascades.

How realistic is the outlook that Ethereum captures 60% of a $2T stablecoin market?

Joe Moglia, former TD Ameritrade CEO, projects stablecoins could reach $2 trillion in five years, with Ethereum capturing around 60% of that market due to its programmable infrastructure. Ethereum’s smart-contract capabilities make it a natural home for tokenized financial instruments, but the market is struggling with price action: ETH saw $132.8 million of futures liquidations in the same 24-hour window and currently trades near support in the $3,300–$3,400 band.

Frequently Asked Questions

How much was liquidated across crypto in the last 24 hours?

More than $270 million in forced liquidations occurred in the past 24 hours: Ethereum ~$132.8M, Bitcoin ~$126.2M, and XRP ~$12.4M. These figures are compiled from derivatives platform liquidation metrics and trade reporting.

Will Powell’s dovish signal stop further liquidations?

Powell’s softer comments have reduced immediate macro pressure but have not removed the short-term liquidation risk. Market structure and heavy leverage mean that price moves remain headline-sensitive and volatile.

Key Takeaways

• Leverage drove the recent move: Forced liquidations exceeded $270M, exposing concentrated long positions across BTC, ETH and XRP.
• Critical BTC levels to watch: $110,000 is key support; a break above $114,500–$118,000 is needed for sustained upside.
• Regulation and events matter: Ripple’s push for banking access and upcoming ETF decisions for XRP add policy-driven catalysts to price action.

Conclusion

The latest Bitcoin price news underscores an environment dominated by leverage, headline risk and uneven demand. While Fed signals have softened macro conditions, derivatives-driven volatility remains the primary market engine. Monitor support around $110,000 for BTC, watch XRP ahead of ETF decisions, and treat any bounce as vulnerable until sustained spot demand returns. For ongoing coverage and analysis, follow COINOTAG updates.