- Bitcoin price fell to nearly $106,400, a sharp drop as stocks also declined.
- Liquidations topped $1 billion, including more than $400 million in BTC long liquidations.
- Most altcoins also slid, with Ethereum plunging below $3,700 and Solana falling to $179.
The latest downturn in the cryptocurrency market saw Bitcoin’s price slide to about $106,411, its lowest level since it dipped to nearly $104,000 on October 17. The broader weakness in risk assets erased billions in market value and triggered widespread liquidations that exceeded $1 billion as of October 30, 2025.
This sell-off occurred against a backdrop of macroeconomic pressure, including uncertainty around Federal Reserve interest-rate policy and disappointing earnings from major technology firms, which weighed on market sentiment.
Bitcoin falls to nearly $106,000 amid cryptocurrency weakness
On October 30, 2025, Bitcoin suffered a sharp drop, settling at a low of $106,411 as the broader crypto market weakened. The decline unfolded during a turbulent session in traditional markets, where stocks also slid, led by declines in the Nasdaq Composite.
The tech-heavy Nasdaq fell more than 1.4% while the S&P 500 lost over 0.8%, reversing some recent gains across equities.
Cryptocurrency weakness mirrored the wider financial landscape, with Federal Reserve Chair Jerome Powell’s cautious stance on a potential rate cut in December adding to uncertainty and contributing to the equity sell-off.
As a result, market sentiment turned increasingly bearish, with forecasts pointing to further downward pressure. Traders on the prediction platform Polymarket now assign a 61% chance that Bitcoin will dip below $100,000 before 2026, reflecting growing pessimism among participants.
Despite the pessimism, some analysts remain cautiously optimistic, noting that BTC has previously fallen to near $100,000 and then rebounded strongly in subsequent sessions.
Cryptocurrency liquidations top $1 billion as altcoins collapse
The broader market stress culminated in more than $1 billion in liquidations over the prior 24 hours as leveraged positions were forcibly closed amid cascading price declines.
Data show long positions took the brunt of the damage, accounting for the majority of losses. Bitcoin liquidations alone amounted to roughly $424 million.
Ethereum followed with substantial liquidations estimated at $317 million, while Solana saw around $79 million in forced closures.
Although these figures are small compared with the recent $19 billion wiped out in a single event earlier, they still represent one of the largest single-day liquidation episodes in recent months.
Coinglass data show liquidations affected 237,311 traders, with the largest single liquidation a $21.4 million BTC-USD position on Hyperliquid.
The same data indicate that more traders could face heavy losses if BTC moves 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 of the top 10 altcoins by market capitalization fell in lockstep. Ethereum dropped to $3,680, BNB fell to $1,050, and XRP declined to $2.36.
Solana’s price slid to $179 amid reports that Jump Crypto sold approximately $205 million worth of SOL for Bitcoin.