The total value of wrecked positions is up to $430 million daily.The total value of wrecked positions is up to $430 million daily.

Over 127,000 Traders Wrecked as Bitcoin Taps $120K for the First Time Since August ATH

Uptober has started with a bang as bitcoin’s price jumped to just over $120,000 for the first time since mid-August, when it rocketed to a new all-time high before it was violently rejected.

Many altcoins are also well in the green daily, which has resulted in many liquidations for over-leveraged traders.

BTC/USD. Source: TradingViewBTC/USD. Source: TradingView

Ever since BTC’s aforementioned ATH in August, the bears seemed to have dominated the market, as evidenced by some of the wild swings in the past seven weeks. September, which is historically a bearish month, provided a relief rally after the US Federal Reserve lowered the interest rates for the first time in 2025, but that was short-lived.

The overall negative sentiment prevailed, and BTC slipped below $109,000 at the end of the month. However, the bulls returned to the scene at the start of the current business week, and especially since October kicked off.

In the past four days alone, the primary cryptocurrency has added over ten grand and skyrocketed past $120,000 just minutes ago for the first time since those ATH levels mentioned above.

This impressive surge has propelled a massive increase in BTC’s market cap, which is now close to $2.4 trillion once again. Many altcoins have followed suit, led by Zcash’s massive 40% surge. XMR, CRO, HASH, ENA, APT, and ASTER are next in terms of daily gains.

Data from CoinGlass shows that the total value of wrecked positions in the past day is up to over $430 million. The number of liquidated traders is also on the rise, surpassing 127,000.

The single-largest liquidated order took place on Hyperliquid and was worth over $11 million.

Liquidated Positions Daily. Source: CoinGlassLiquidated Positions Daily. Source: CoinGlass

The post Over 127,000 Traders Wrecked as Bitcoin Taps $120K for the First Time Since August ATH appeared first on CryptoPotato.

Market Opportunity
Aethir Logo
Aethir Price(ATH)
$0.008889
$0.008889$0.008889
+3.44%
USD
Aethir (ATH) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Ukraine Gains Leverage With Strikes On Russian Refineries

Ukraine Gains Leverage With Strikes On Russian Refineries

The post Ukraine Gains Leverage With Strikes On Russian Refineries appeared on BitcoinEthereumNews.com. Screen captures from a video posted on social media on September 13, 2025. The video claims to show a Ukrainian drone strike on the Novo-Ufa oil refinery in Russia. Social Media Capture Earlier this year, peace negotiations between Russia and Ukraine stalled, with some claiming that Ukraine had entered the talks with “no cards” to play. Since then, Ukraine has strengthened its position, launching a series of successful drone strikes against Russian refineries, eroding one of Russia’s most important sources of revenue. At the same time, Russia is pouring increasing resources into its summer offensive and strategic drone strikes, while achieving minimal results. This combination creates a financially unfavorable situation for the Russians and provides Ukraine with much-needed leverage for the next round of peace negotiations. Ukraine’s Strategic Strikes Against Russian Oil Refineries Throughout this past summer, Ukraine has launched a coordinated series of long-range drone attacks against Russian oil refineries, causing major disruptions to the country’s fuel infrastructure. Reports indicate that more than ten refineries were struck during August, shutting down about 17 percent of Russia’s refining capacity, or approximately 1.1 million barrels per day. Repeated strikes on the Ryazan refinery in the Moscow area and the Novokuibyshevsk refinery in the Samara region disabled several key distillation units. Meanwhile the Volgograd plant in southern Russia had to suspend processing oil after a recent strike. Other refineries across the country have also been targeted. These attacks have continued into September, with additional facilities hit and many struck multiple times. Long-range drones An-196 Liutyi of the Defence Intelligence of Ukraine stand in line before takeoff in undisclosed location, Ukraine, Feb. 28, 2025. (AP Photo/Evgeniy Maloletka) Copyright 2025 The Associated Press. All rights reserved Ukraine’s ability to strike deep targets in Russia stems from advances in its drone industry. Many of these…
Share
BitcoinEthereumNews2025/09/20 16:55
Why Emotional Security Matters as Much as Physical Care for Seniors

Why Emotional Security Matters as Much as Physical Care for Seniors

You ensure that your aging parents or loved ones get the best physical care. Regular checkups, nutritious meals, and safe living conditions are key. These basics
Share
Techbullion2026/01/23 19:54
Wall Street braced for a private credit meltdown. The risk is rising

Wall Street braced for a private credit meltdown. The risk is rising

The post Wall Street braced for a private credit meltdown. The risk is rising appeared on BitcoinEthereumNews.com. The sudden collapse last fall of a string of
Share
BitcoinEthereumNews2026/01/23 20:21