bitcoin dumps under $109k as trump–putin call hits; ~$600m liquidated

so bitcoin was doing okay. it hit about $116k at the weekly peak. then it slipped to around $113k yesterday. today it tagged sub-$109k on some exchanges. that’s a ~$7k move in two days.

the timing is kinda sus tbh.

trump held a call with putin today. zelensky is expected at the white house tomorrow. geopolitics = uncertainty, and markets hate that. so bitcoin dumps while that’s in the air. correlation, not proof.

bitcoin bounced to ~$112k for a bit, then lost a few thousand in under an hour. that’s the kind of whipsaw that triggers liquidations.

and yeah, the liquidations were rough.

about $600m in positions got wiped in the last 24h. headlines put the trader count near 200k. totals move around on live dashboards, but order of magnitude checks out.

altcoins got hit too.

keep it simple: alts broadly red. eth near $4k, dipped under ~$4.05k intraday. xrp around $2.40. bnb near $1,150. direction is what matters here.

what’s happening here.

geopolitical headlines spook people, they close risk, over-levered longs get auto-closed, forced selling triggers more forced selling. cascade. bitcoin had already faded from $116k, so the call-and-meeting headlines just accelerated the move

where it goes next.

$110k and $108k are the local levels everyone’s watching. lose those and $105k is the next obvious magnet. but liquidation waves also clear weak hands, so bounces happen once the forced selling dries up. that’s just how futures markets breathe.

short version: messy tape, traders getting tagged, geopolitics dragging the market around until there’s clarity on trump/putin/zelensky. expect chop and fast moves both ways until then.