Crypto Market News Today, October 14: Bitcoin Price Crash Aftermath, Crypto Mogul Found Dead, Whale Adds Another Short | Reversal Coming?

[Redator]

According to most news reports, today, the crypto markets are still reeling after last week’s violent downturn. Bitcoin price fell nearly 15%, touching lows near $105,000 in seconds, rattling the market in a bad way. The timing couldn’t have been more unsettling as reports soon emerged of a crypto mogul found dead in Ukraine, deepening the sense of crisis.

The man, identified as Konstantin Galish, was discovered inside his Lamborghini with what police have called a self-inflicted wound. This news sent another shockwave through the already-stressed crypto community. Over the last 7 days, we saw a few suicides and stories of traders leaving crypto after huge losses in the aftermath of the market crash.

A Ukrainian crypto influencer took his life in his Lambo after the big market crash.

Sad to hear this. Rest in peace. pic.twitter.com/XMNkl7xRfd

— Bitcoin Malaya (@bitcoinmalaya) October 11, 2025

Despite the panic, signs of a potential rebound are starting to show. Bitcoin price has crept back above $115,000, helped by growing demand from spot ETFs and a massive leverage flush that wiped out over $20 billion in long positions. Some analysts now believe a short squeeze could be brewing. That’s especially true if bearish momentum fades and bullish sentiment regains its footing.

Market Cap

24h 7d 30d 1y All Time

DISCOVER: 16+ New and Upcoming Binance Listings in 2025

Crypto News Today: Bitcoin Price Bounces, But a Whale’s Big Short Sparks Talk of Traps

Meanwhile, a whale wallet has made headlines in most crypto news for adding to a massive Bitcoin BTC $111,567.87 2.01% Bitcoin BTC Price $111,567.87 2.01% /24h Volume in 24h $71.20B Price 7d Buy with Best Wallet short position; today, it’s totaling at $392 million. An additional $47 million was placed after the dip, which is weirdly unexpected. If Bitcoin price pushes past $121,000, even for a brief second, the whale risks liquidation.

Is he betting on further downside? Or trying to lure in retail shorters before pulling the rug and sparking a squeeze?

Speculation is rampant. Some think the whale might know something others don’t. Others argue he’s using a classic trap by broadcasting a huge short position to bait copycats, only to reverse the market and force mass liquidations. In a market as twitchy as this, it wouldn’t be the first time.

Our Insider whale has increased his bitcoin short by another $47M

Position is now up to a total of $392M with $6M in profits already

Who could this be? https://t.co/JJj98uJ4A5 pic.twitter.com/Tt1xA9eZPz

— Jeremy (@Jeremyybtc) October 14, 2025

The tragic story of the crypto mogul found dead, just hours after the market wipeout, adds a haunting backdrop to the recent “crash.” Galish was a well-known figure in Eastern European crypto circles, and while the investigation continues, many suspect financial losses played a part in the tragedy.

Also in crypto news today, funding rates have dipped to their lowest point in three years, a sign that leverage is drying up. The kind of reset that often clears the way for more sustainable growth. If short positions continue to stack up, and the Bitcoin price starts to rise, the fuel for a sharp rally is already in place.

(source – Funding Rate, Coinglass)

All eyes are now on the whales and whether this latest move is a genuine bet or a carefully laid trap. Either way, the next few days could define where the market heads next.

Watch Bitcoin price closely, be aware that resilience often follows chaos, even when headlines like “crypto mogul found dead” cast a long shadow. Time has tested, we will make it.

DISCOVER: 9+ Best Memecoin to Buy in 2025

Join The 99Bitcoins News Discord Here For The Latest Market Updates

2 hours ago

Nigel Farage Crypto Saviour for the UK: Reform Leader Declares “I am Your Champion”

By Akiyama Felix

The Reform UK Leader Nigel Farage has shifted his focus from dominating his political adversaries to appealing to British crypto investors, declaring, “I am your champion”. This move comes as the man tipped to be the UK’s next Prime Minister adopts a similar strategy to President Trump’s in garnering election support from digital asset investors.

In remarks made yesterday (October 13), at the Digital Asset Summit in London, Farage touted his plans to create a state-owned Bitcoin Bitcoin BTC $111,567.87 2.01% Bitcoin BTC Price $111,567.87 2.01% /24h Volume in 24h $71.20B Price 7d Learn more reserve and his proposed crypto bill, which would slash the rate of capital gains tax and allow payment of taxes with crypto.

https://twitter.com/blockworksDAS/status/1977700466487124347

Read the full story here.

2 hours ago

STRK Crypto and SEI Price Face Major Unlocks Tomorrow: Best Crypto to Buy Now For Uptober Comeback?

By Akiyama Felix

If you’re hunting for the best crypto to buy now, the upcoming unlocks for STRK and SEI crypto offer both risk and opportunity. On October 15, 2025, 127.6M STRK tokens (~1.28% of total supply) and 95.15M SEI tokens (~0.95% of total supply) will be released into circulation.

These events often generate volatility, but in a recovering market, they could also spark renewed interest. As we approach altcoin season, traders are watching which projects can absorb sell pressure and resume upward trends.

Below, we will examine STRK, SEI, and a wildcard option as potential contenders for the next crypto to explode.

Market Cap

24h 7d 30d 1y All Time

Read the full story here.

3 hours ago

Here’s Why TAO Subnets Could Offer Best Crypto Presales in Q4

By Akiyama Felix

If you’re searching for the best crypto presales to back in Q4, BitTensor TAO $440.55 1.37% BitTensor TAO Price $440.55 1.37% /24h Volume in 24h $602.22M Price 7d Learn more subnets may deserve your full attention. TAO, as the backbone token of the Bittnesor ecosystem, is becoming more than an AI-narative network. It’s evolving into a multi-subnet architecture where each subnet issues its own alpha tokens.

With a growing combined subnet market cap (now over $2.5Bn across subnet tokens) and rising demand for subnet specialisation, early entry into promising subnet alpha tokens could yield huge upside. As retail and institutional capital seek the next frontier, TAO subnets may emerge as a new breeding ground for crypto presales experiencing explosive growth.

Market Cap

24h 7d 30d 1y All Time

Read the full story here.

3 hours ago

Konstantin Galich: Suicide or Murder? Foul Play in Ukrainian Crypto Traders Death?

By Akiyama Felix

Konstantin Galich, a prominent Ukrainian crypto trader, has been found dead inside a Lamborghini Urus just days after a historic crypto market crash, with officials now treating the incident as a possible suicide, according to local police.

Galich, better known as Kostya Kudo, was found in his $200,000 supercar, in the Obolonskyi district of Kyiv, on October 11, with a gunshot wound to the head. Rumors are circulating that his death may have been foul play, as Galich was known to manage the funds of many high-profile Ukrainian individuals.

The Black Swan event that took place on October 10 saw nearly $20Bn liquidated from crypto traders, as Bitcoin Bitcoin BTC $111,567.87 2.01% Bitcoin BTC Price $111,567.87 2.01% /24h Volume in 24h $71.20B Price 7d Learn more fell from around $122K to under $110K, causing fear and panic throughout the market. Galich is alleged to have been severely affected by the crash from both a personal and business perspective.

Market Cap

24h 7d 30d 1y All Time

Read the full story here.

The post Crypto Market News Today, October 14: Bitcoin Price Crash Aftermath, Crypto Mogul Found Dead, Whale Adds Another Short | Reversal Coming? appeared first on 99Bitcoins.