{"id":89832,"date":"2025-10-13T10:43:04","date_gmt":"2025-10-13T07:43:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89832"},"modified":"2025-10-13T10:45:13","modified_gmt":"2025-10-13T07:45:13","slug":"bitcoin-price-recovers-above-115000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-price-recovers-above-115000\/","title":{"rendered":"Bitcoin Price Recovers Above $115,000"},"content":{"rendered":"<p>The price of digital gold has rebounded following the <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-slumps-to-about-111000\">decline on October 11<\/a>. The drop was attributed to macroeconomic news rather than internal events in the crypto market, noted <a href=\"https:\/\/www.theblock.co\/post\/374302\/bitcoin-ethereum-rebound-following-massive-wipeout\">The Block<\/a> analyst Presto Research&#8217;s Rick Maeda.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"630\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-5bc598b7b9d61263-6733913313547688-1024x630.png\" alt=\"BTCUSDT_2025-10-13_10-06-46\" class=\"wp-image-267408\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-5bc598b7b9d61263-6733913313547688-1024x630.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-5bc598b7b9d61263-6733913313547688-300x184.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-5bc598b7b9d61263-6733913313547688-768x472.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-5bc598b7b9d61263-6733913313547688.png 1428w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart on Binance. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>At the time of writing, Bitcoin&#8217;s price had risen by 3.2% over the past 24 hours to approximately $115,400, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">CoinGecko<\/a>. Ethereum increased by 9% to around $4,190.<\/p>\n<p>Maeda believes the crash was triggered by news of China&#8217;s export restrictions and the US&#8217;s retaliatory plans for 100% tariffs on tech imports.<\/p>\n<p>According to the expert, the sell-off coincided with low liquidity over the weekend, which &#8220;caused forced liquidations worth billions of dollars.&#8221;<\/p>\n<p>According to CoinGlass, on October 11, crypto platforms closed positions of more than 1.6 million traders amounting to $19.1 billion.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The largest liquidation event in crypto history.<\/p>\n<p>In the past 24 hours, 1,618,240 traders were liquidated, with a total liquidation amount of $19.13 billion.<\/p>\n<p>The actual total is likely much higher \u2014 <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\">#Binance<\/a> only reports one liquidation order per second.\u2026 <a href=\"https:\/\/t.co\/tvMCILVgU0\">pic.twitter.com\/tvMCILVgU0<\/a><\/p>\n<p>\u2014 CoinGlass (@coinglass_com) <a href=\"https:\/\/twitter.com\/coinglass_com\/status\/1976796969961193641?ref_src=twsrc%5Etfw\">October 10, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 class=\"wp-block-heading\">Uptober Prospects<\/h2>\n<p>Analysts are divided on the future prospects of the upward trend known as Uptober.<\/p>\n<p>Kronos Research&#8217;s Chief Investment Officer Vincent Liu believes that risk appetite has returned and the trend &#8220;remains alive.&#8221; CoinW&#8217;s Chief Strategy Officer Nassar Achkar agrees, adding that traders are watching the US inflation report, the <span data-descr=\"Federal Reserve System of the United States\" class=\"old_tooltip\">Fed<\/span> meeting, and inflows into spot <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETFs<\/a>.<\/p>\n<p>LVRG Research&#8217;s Director Nick Rak noted that the rebound was supported by on-chain data showing Ethereum accumulation by whales.<\/p>\n<p>Maeda suggested that the trend has been affected, though it &#8220;has not derailed.&#8221; In his view, the record volume of liquidations could remain a &#8220;heavy burden&#8221; for market participants, who will now be more sensitive to news about US-China trade disputes.<\/p>\n<p>As reported by The Kobeissi Letter, <a href=\"https:\/\/forklog.com\/en\/news\/analysts-identify-causes-of-cryptocurrency-market-crash\">authors stated<\/a> that the cryptocurrency crash will not have long-term fundamental consequences, attributing it to a combination of technical factors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of digital gold has rebounded following the decline on October 11. The drop was attributed to macroeconomic news rather than internal events in the crypto market.<\/p>\n","protected":false},"author":1,"featured_media":89833,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin's price rebounded after October 11's decline due to macroeconomic news.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,133,46,26],"class_list":["post-89832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-china","tag-ethereum","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"275","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin's price rebounded after October 11's decline due to macroeconomic news.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=89832"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89832\/revisions"}],"predecessor-version":[{"id":89834,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89832\/revisions\/89834"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/89833"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=89832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=89832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=89832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}