CoinDesk Podcast Network Bitcoin Loses $106K After $800M in Liquidations | CoinDesk Daily
Oct 17, 2025
Bitcoin faced a significant plunge, dropping to $105,000 as $1.2 billion in crypto positions were liquidated. This shock was driven by leveraged trading losses after a critical support level broke. Concerns were raised about stablecoins potentially facing runs, as highlighted by a Fed governor’s warning. In other news, Ripple made headlines with its acquisition of G-TREASURY for $1 billion, aiming to enhance payment solutions for corporate treasury teams. The discussion wraps around the evolving landscape of crypto and the pressing need for privacy.
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Support Break Sparks Massive Liquidations
- Bitcoin plunged below $106,000 after breaking key $107,000 support, triggering forced selling and liquidations.
- Nearly $1.2 billion of crypto positions were wiped out as leveraged longs failed to hold the bounce.
Stablecoins Still Vulnerable To Runs
- Fed Governor Michael Barr warned that even high-quality-asset stablecoins carry run risk and potential hazards.
- His comments arrive as firms rush to build stablecoin infrastructure ahead of pending regulation.
Ripple's $1B Treasury Push
- Ripple is acquiring G-TREASURY for $1 billion to expand into corporate finance and treasury services.
- Ripple says the deal will help treasuries use trapped capital and process payments instantly via blockchain.