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News / Crypto / Bitcoin Dumps to Weekly Lows as Liquidations Skyrocket to Over $1.1 Billion

Bitcoin Dumps to Weekly Lows as Liquidations Skyrocket to Over $1.1 Billion

30.10.2025 / By Noirbull

TL;DR

Bitcoin plunged to a weekly low of $107,500 as more than $1.1 billion in leveraged positions were liquidated across the crypto market. Despite positive macro developments like rate cuts and tariff reductions, BTC and altcoins declined sharply, signaling that investor sentiment remains fragile and over-leveraged traders continue to dominate short-term price action.

Bitcoin and the broader crypto market suffered a sharp downturn over the past 24 hours, with nearly $1 billion in long positions liquidated as prices plunged to new weekly lows. Despite favorable macroeconomic developments, such as lower interest rates and eased trade tensions, risk assets like cryptocurrencies have continued to slide.

Bitcoin’s Sudden Drop

Bitcoin’s price fell from above $112,000 to around $107,500 within hours, marking a new weekly low and wiping out most of the optimism surrounding October’s early surge. The once-promising “Uptober” narrative has faltered, as the leading cryptocurrency remains nearly $20,000 below its October 6 all-time high.

The asset faced two strong rejections at $116,000 in recent days, even as traders anticipated bullish momentum from the U.S. Federal Reserve’s rate cut and renewed U.S.-China trade talks between Presidents Donald Trump and Xi Jinping. Both events delivered what markets had hoped for—lower rates and tariffs—but the crypto sector failed to respond positively.

Altcoins Follow Bitcoin’s Lead

The downturn was not limited to Bitcoin. Ethereum (ETH) tumbled more than 5% to below $3,800, while XRP shed over 6% to trade near $2.45. Some smaller-cap tokens experienced even steeper losses: HASH plunged 22%, ASTER dropped 13%, KAS fell 11%, and PI and WLFI each declined around 10%.

These synchronized drops across the crypto market indicate renewed bearish momentum and waning trader confidence following weeks of sideways action.

Liquidations Surge Past $1.1 Billion

According to market data, over 210,000 traders were liquidated within 24 hours, totaling more than $1.1 billion in losses. The vast majority of those liquidations—roughly $974 million—came from long positions, highlighting how over-leveraged optimism turned costly in the sudden sell-off.

This wave of forced liquidations underscores the continued fragility of sentiment in crypto markets. With volatility elevated and technical indicators showing weakness, analysts warn that further corrections could occur if Bitcoin fails to stabilize above key support levels near $107,000.

For now, the market remains in risk-off mode, as traders wait to see whether renewed liquidity or macro support can reverse the current bearish pressure.

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Disclaimer: The information and publications do not serve as, and should not be construed as, financial, investment, trading, or any other form of advice or recommendations endorsed or provided by Noirbull. Any expression of opinion (which may change without prior notice) reflects the author's personal viewpoint, and the author does not assert any representations or warranties regarding the accuracy or comprehensiveness of the information or analysis provided. Neither the authors nor Noirbull bear responsibility for any losses arising from investments made based on perceived recommendations, forecasts, or other information presented herein. The content of these publications should not be construed as a direct or implied assurance, guarantee, or indication by Noirbull that customers will profit or that losses associated with them can or will be mitigated if they rely solely on the information provided.

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