- Bitcoin price fell toward $106,400 as equities plunged sharply.
- Liquidations surpassed $1 billion, including more than $400 million for BTC long positions.
- Most top altcoins also plunged, with Ethereum sliding below $3,700 and Solana dropping to $179.
The latest bearish swing in the crypto market pushed Bitcoin down to about $106,411, the lowest level since it touched near $104,000 on October 17.
Broad risk-asset weakness wiped billions off market value and triggered widespread liquidations that exceeded $1 billion on October 30, 2025.
This sell-off unfolded amid macroeconomic pressure, including uncertainty over Federal Reserve rate policy and disappointing earnings from major tech firms.
Bitcoin tumbles near $106K amid crypto weakness
On October 30, 2025, Bitcoin experienced a sharp decline, falling to a low of $106,411 as broader crypto weakness intensified.
The drop coincided with a turbulent day in traditional markets, where stocks also fell, led by the Nasdaq Composite.
The tech-heavy index slid more than 1.4%, and the S&P 500 gave up over 0.8% as equities retraced recent gains.
Crypto weakness mirrored the wider financial landscape, where cautious remarks from Federal Reserve Chair Jerome Powell about the likelihood of a December rate cut added uncertainty and pressured equities.
Market sentiment turned increasingly bearish, raising the possibility of further downside pressure.
Traders on the Polymarket betting platform are now pricing a 61% chance that Bitcoin will fall below $100,000 before 2026, reflecting a notable rise in pessimism among participants.
Despite the pessimism, some analysts remain bullish, pointing to instances where BTC has dropped toward six-figure levels and then staged strong rebounds in subsequent sessions.
Crypto liquidations top $1 billion as altcoins tank
The broader market turmoil triggered liquidations that exceeded $1 billion over the prior 24 hours, as leveraged positions were forcibly closed amid cascading price declines.
Data show long positions bore the brunt of the losses, with Bitcoin longs accounting for roughly $424 million of the liquidations.
Ethereum followed with substantial liquidations estimated at about $317 million, while Solana saw roughly $79 million wiped out.
Although these figures are small compared with the $19 billion wiped out in a previous episode, they represent one of the largest single-day liquidation events in recent months.
Coinglass data showed liquidations affected 237,311 traders, with the single largest liquidation recorded at $21.4 million on a BTC-USD contract at Hyperliquid.
The same data suggest additional traders would face liquidation if BTC rallies back above $112,000.
🚨 $3 BILLION Bitcoin shorts to be liquidated if BTC rallies just 5% to $112,600 🙏 pic.twitter.com/ukA0bbrju1
— Bitcoin Archive (@BTC_Archive) October 30, 2025
All top-10 altcoins by market capitalization fell in unison: Ethereum dropped to $3,680, BNB to $1,050, and XRP to $2.36.
Solana fell to $179 after reports that Jump Crypto exchanged $205 million worth of SOL for Bitcoin.