Bitcoin Loses $106K After $800M in Liquidations | CoinDesk Daily

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4.7 • 698 Ratings

🗓️ 17 October 2025

⏱️ 3 minutes

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Summary

Bitcoin fell to $105K with $1.2B in crypto positions liquidated. Bitcoin fell to $105,000 as leveraged traders faced significant losses, with $1.2 billion in crypto positions liquidated. What was the cause of the decline? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit ⁠⁠https://midnight.network/break-free⁠⁠ - Bridge simplifies global money movement. As the leading stablecoin issuance and orchestration platform, Bridge abstracts away blockchain complexity so businesses can seamlessly move between fiat and stablecoins. From payroll providers and remittance companies to neobanks and treasury teams, Bridge powers payments, savings, and stablecoin issuance for thousands – like Shopify, Metamask, Remitly, and more. URL: ⁠⁠⁠https://hubs.ly/Q03KGbRK0⁠⁠ - OwlTing (Nasdaq: OWLS) is building invisible rails for global payments. With OwlPay, businesses and users can bridge fiat and stablecoins, send money instantly across borders, and access stablecoin checkout at lower costs. Licensed worldwide, OwlTing delivers secure, compliant, and regulated infrastructure for the digital economy. Learn more at ⁠⁠https://www.owlting.com/portal/?lang=en&utm_source=CoinDesk&utm_medium=cpc&utm_campaign=CoinDesk_Banner⁠⁠. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Transcript

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0:00.0	Bitcoin drops below $106,000 and Fed Reserve Governor Michael Barr warns about stable coins.
0:06.8	You're watching Coin Desk Daily. I'm your host, Jen Sanassi.
0:15.8	Bitcoin dropped below $106,000 on Friday, triggering a wave of liquidations across the market.
0:21.5	Nearly $1.2 billion in crypto positions have been wiped out over the past 24 hours.
0:26.4	Data from coin glass shows that the majority of these were long positions, indicating traders
0:30.7	were aggressively betting on a price bounce that failed to materialize.
0:35.0	The slide began late Thursday after Bitcoin broke through the key $107,000
0:39.6	support level, setting off a cascade of forced selling. As of this morning, the largest crypto by
0:44.5	market cap has erased its early week gains, trading just above $105,000. Utility or privacy.
0:51.1	The transparency of traditional blockchains forces a difficult choice. Break free from
0:55.3	this limitation with midnight. Just like the internet made information global, stable coins are
0:59.8	making money global and bridge, a stripe company, is powering that shift. Looking for a faster,
1:05.4	cheaper way to move money worldwide, Owl Ting listed on the NASDAQ as Owls is building the rails for stablecoin payments.
1:12.2	Fed Reserve Governor Michael Barr warned on Thursday about the potential hazards posed by stablecoins.
1:17.3	Speaking at a DC FinTech Week event, Barr said that even stable coins backed by high-quality assets are vulnerable to run risk.
1:24.7	His comments come as crypto firms and Wall Street giants race to build stable
1:28.7	coin infrastructure before new regulations are finalized. In a notable response, an executive from
1:33.8	Circle, the issuer of the USC stable coin said he agrees with most of Barr's reservations.
1:39.6	And Ripple is acquiring Treasury's software provider G Treasury for $1 billion as it pushes deeper into the world of
1:45.0	corporate finance. G Treasury's platform is used by Fortune 500 companies to manage cash and risk
1:50.6	and will now become part of Ripple's suite of financial tools. The deal gives Ripple a direct
1:55.5	line to large corporate treasury departments, many of which still rely on legacy systems.
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