Bitcoin Drops Below $110K: A $200B Market Wipeout Amidst Institutional Selling

On October 10, 2025, Bitcoin experienced a substantial downturn, plummeting below the $110,000 mark and leading to a market wipeout of over $200 billion. This sharp decline was triggered by significant liquidations from large institutional players like BlackRock and Fidelity, who withdrew substantial amounts from their U.S. spot Bitcoin ETFs. While there was a partial rebound in the price after the initial crash, markets remain cautiously optimistic.