Crypto Bloodbath: Bitcoin Plunges Below $121K, $500M Longs Vaporized - These Altcoins Could Skyrocket During the Carnage
Digital assets face brutal selloff as Bitcoin crashes through critical support levels
The Massacre Unfolds
Bitcoin's dramatic collapse below $121,000 triggered a cascade of liquidations totaling half a billion dollars in long positions. The crypto market bleeds red as traders scramble for cover.
Hidden Gems Emerge
While weak hands panic-sell, seasoned investors are quietly accumulating select altcoins at fire-sale prices. History shows these dips often create generational buying opportunities.
Wall Street's Predictable Panic
Traditional finance veterans clutch their pearls while crypto natives recognize the pattern - sharp corrections typically precede explosive rebounds. The same institutions that mocked Bitcoin at $1,000 now hyperventilate over temporary volatility.
Smart money positions for the next leg up as emotional traders capitulate. When the dust settles, today's discount prices will look like stealing.
Bitcoin
BTC
$121,695.23
1.91%Bitcoin
BTC
Price
$121,695.23
1.91% /24h
Volume in 24h
$70.06B
Price 7d
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falling from its recent all-time high of $126,000 to around $121,200, before stabilizing near $121,553. The decline triggered widespread liquidations, totaling over $659 million across longs and shorts — with $500 million of that wiped from long positions in just 24 hours and now the question is: where to find the best altcoins to buy during this dip?
Ethereum
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Ethereum
ETH
$4,464.79
4.50%Ethereum
ETH
Price
$4,464.79
4.50% /24h
Volume in 24h
$46.06B
Price 7d
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also slid over 5%, trading below $4,500, while the overall crypto market capitalization dropped by more than 3% in the past day. Despite the selloff, not all coins suffered equally. Among top performers,
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BNB
BNB
$1,313.48
3.68%BNB
BNB
Price
$1,313.48
3.68% /24h
Volume in 24h
$10.29B
Price 7d
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jumped 8.8% to $1,356, now trading at $1306.
Best Altcoins To Buy? BNB Chain DEX Volume Surges to $6.05B Amid Meme Coin Boom
According to DeFiLlama, BNB Chain decentralized exchange (DEX) trading volume skyrocketed to $6.05 billion on October 7, marking its second-highest level of 2025. The surge was fueled by intense on-chain meme coin activity, with PancakeSwap dominating the scene and handling nearly $4.29 billion in 24-hour volume.
As solana meme coins struggle, BSC-based projects are taking the spotlight. Coins like PALU, 4, BROCCOLI, CAT, and GIGGLE all posted double-digit gains over the last day, highlighting the growing momentum in the BNB Chain ecosystem.
Meanwhile, USELESS, one of the top 20 Solana meme coins, stood out as a rare gainer. The token surged over 35% in the past 24 hours, nearly reclaiming prior all-time highs. Chart watchers suggest a possible Wave 3 rally could be forming if momentum holds.
With Bitcoin cooling from record levels, this market dip could present opportunities for investors scanning for the best altcoins to buy before the next leg up.
Follow along for the latest crypto news, price action, and trending altcoins.
2 minutes ago
Four.Meme Tops Launchpad Revenues with $1.4M as BNB Hits New All-Time High, Signaling BSC Market Dominance
Four.Meme flipped Pump.fun in 24-hour revenue, topping all launchpads with $1.4 million in fees. As a BNB Chain launchpad, its surge underscores BSC’s growing dominance, coinciding with BNB’s new all-time high of $1,356 less than 24 hours ago — marking a strong phase for Binance ecosystem growth and meme coin activity.
