Bitcoin experienced a sharp decline to $105,000 on October 11, 2025, driven by a massive liquidation event totaling approximately $5 billion within 24 hours. The majority of these liquidations, around $3.24 billion, were from long positions, indicating a significant market correction. Despite the sudden drop, Bitcoin's price quickly rebounded above $114,000, underscoring the extreme volatility in the cryptocurrency market. This rapid recovery highlights the ongoing speculative nature of Bitcoin trading, where large-scale liquidations can lead to swift price fluctuations.