Crypto Panic: Binance, Bybit, and Coinbase Dump Millions in Bitcoin and Ethereum
October 17, 2025 · 5:37 PM
The crypto market experienced significant alarm as major exchanges Binance, Bybit, and Coinbase executed large sales of Bitcoin (BTC) and Ethereum (ETH), leading to a sharp decline in prices. These coordinated movements indicate possible strategic shifts by large investors or cascading liquidations. Currently, Bitcoin is trading at approximately $106,300, down 2.4%, with trading volume nearing $110 billion, while Ethereum also saw a decline.
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