Bitcoin Price Today: Why Is BTC Dropping as Tariffs Bite, Whales Sell

Bitcoin Price Today is under heavy pressure after a major tariff shock. As of 5:44 pm Asia/Dhaka on October 11, BTC trades near $112,400, down about 7.53% on the day. The session saw extreme volatility, with a range from roughly $105,262 to $122,456.

Fresh U.S.–China trade tensions rattled global markets, and crypto — already heavily leveraged — amplified the shock. Record liquidations swept the sector within hours, wiping out billions in positions and sending Bitcoin to multi-week lows.

Bitcoin Price Today Faces Pressure After Tariff Shock

The sell-off began after Washington announced a new 100% tariff on Chinese imports, set to begin as early as November. The move intensified risk-off sentiment across global markets, pushing stocks and crypto lower as volatility surged. Bitcoin fell sharply, hitting lows near $105,000 before stabilizing above $112,000 later in the session.

The liquidation wave was among the largest in crypto history. Analysts estimate that around $19 billion in positions were wiped out within 24 hours, with most losses coming from long positions. Some venues saw billions cleared within minutes as stop-loss cascades accelerated the drop.

Whale activity compounded the weakness. A well-known long-term holder reportedly placed a bearish bet worth more than $400 million as prices declined. Many short-term whales, who were sitting on significant unrealized profits, took advantage of the rally earlier this week to sell into strength, leaving the market vulnerable when the macro shock hit.

Meanwhile, safe-haven demand is rising. Flows into gold and silver products have increased, signaling a broader risk-off environment as investors seek hedges against trade war uncertainty. Spot Bitcoin ETF managers still expect strong demand in Q4, but short-term momentum remains dictated by geopolitical headlines and liquidity dynamics.

Key Levels and What Could Steady BTC

Bitcoin now faces critical technical levels. Immediate support is near the psychological $110,000 mark, followed by the day’s low around $105,000. On the upside, resistance is expected between $114,000 and $117,000. If that range is reclaimed, the next key zone is $120,000 to $122,000.

Stabilization may come from a few factors. First, clearer guidance on the tariff timeline and scope could ease cross-asset stress. Second, a reset in leverage and funding rates could help cool volatility after the record liquidation event. Finally, continued inflows into spot Bitcoin ETFs and deeper liquidity could support prices as markets absorb the macro shock.

Longer term, institutional demand and favorable market structure could resume the broader uptrend. However, near-term price action will remain headline-driven, and traders should prepare for more volatility as trade tensions evolve.

Bottom line: Bitcoin Price Today reflects a combination of macroeconomic shocks, forced deleveraging, and whale activity. Key support lies near $110k and $105k, while resistance sits above $114k. Policy clarity and a leverage reset could help steady the market.

FYI (keeping you in the loop)-

Q1: Why is Bitcoin dropping today?

A new 100% U.S. tariff on Chinese imports spooked investors and triggered a market-wide sell-off. Heavy leverage in crypto markets led to forced liquidations, deepening the decline.

Q2: How big were the liquidations?

Roughly $19 billion in crypto positions were liquidated in the past 24 hours, one of the largest single-day events on record. Long positions were hit hardest.

Q3: Did whales cause the crash?

Whales didn’t trigger the tariff announcement, but their profit-taking and large bearish bets made the market more fragile ahead of the news.

Q4: Where could Bitcoin stabilize?

Watch $110,000 as the first key support. If that fails, $105,000 is the next critical zone. Resistance is between $114,000 and $117,000, then $120,000 to $122,000.

Q5: What could calm the market now?

Clear policy guidance on tariffs, a reduction in leverage, and continued spot ETF demand could help stabilize Bitcoin prices in the near term.

Strict Disclaimer

This article is for information only. It is not investment advice. Crypto assets are highly volatile and can result in total loss. Always do your own research and consult a licensed financial professional before making investment decisions.

References

Reuters. (2025). Bitcoin extends decline as Trump escalates U.S.–China trade war. Oct 10, 2025.

Reuters. (2025). U.S. will impose additional 100% tariff on Chinese imports from November, Trump says. Oct 10, 2025.

The Economic Times. (2025). Crypto sees record $19 billion wipeout as Trump slaps 100% tariff. Oct 11, 2025.

CoinDesk. (2025). Bitcoin OG whale raises bearish BTC bet worth over $400M. Oct 10, 2025.

CoinDesk. (2025). Bitcoin ETF inflows poised to smash records in Q4. Oct 9, 2025.