Bitcoin’s $120K Party: 127K Traders Ejector-Selected 🚀💸

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October, the month where everyone’s either buying crypto or a new set of luggage to run away, began with Bitcoin doing what it does best: pretending it’s a rollercoaster that only goes up. For the first time since August-when it briefly thought it was a luxury car before getting rear-ended by reality-BTC hit $120,000. Congrats, unless you’re a trader who leveraged like it’s a dating app. 💔

Altcoins? Oh, they’re just here for the chaos. Zcash decided to throw a party and invited 40% of its value. XMR, CRO, and the rest of the “I-just-need-one-more-bet” crew followed suit. Meanwhile, over-leveraged traders are learning the hard way that “green daily” means “your account is now a jungle gym for the liquidators.” 🌿

Since August’s all-time high-a moment BTC probably documented for Instagram-bears have been throwing shade like it’s confetti. September, that notoriously bearish month, tried to be kind with a Fed rate cut, but even that was just a mercy date. By month’s end, Bitcoin was back under $109K, playing the “I’m fine, you?” game with the market. 🙄

But then October happened. Bulls returned like exes texting at 2 a.m., and BTC added ten grand faster than you can say “hodler.” Now it’s flirting with $120K again, and the market cap’s back to $2.4 trillion. Is it a comeback? Or just crypto’s version of a 5-minute shower? 🤷♀️

Let’s talk about the real stars of the show: the liquidations. CoinGlass reports $430 million in wrecked positions and 127,000 traders who’ve now joined the “I told you so” club. The grand prize? A $11 million Hyperliquid order that went from “I’m invincible” to “I’m involuntary-retired.” 🏆

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2025-10-02 19:35