Bitcoin Risks 20–30% Drop as $1.1B Gets Liquidated in 24 Hours

Bitcoin plunged to new weekly lows, hovering near the $107,000 mark, as crypto markets faced massive liquidations worth over $1.1 billion within 24 hours. The sharp decline followed the U.S. Federal Reserve’s 0.25% interest rate cut, which failed to boost investor sentiment across risk assets.

According to data, BTC tested its key support range of $107,000, signaling pressure on bulls to defend this crucial level. Traders who had bet on a bullish breakout suffered heavy losses as long positions were wiped out.

Market analyst Roman warned that Bitcoin could face a deeper correction of up to 30%, particularly if the U.S. stock market begins to retrace. “When the S&P 500 corrects, my guess is BTC drops by a solid margin,” he noted, highlighting Bitcoin’s weak correlation with equities despite recent rallies.

Meanwhile, gold prices rebounded above $4,000 per ounce, indicating a shift toward safe-haven assets amid market uncertainty. Data from CoinGlass revealed that October 2025 marked Bitcoin’s first negative October since 2018, breaking its seven-year positive trend.

Top 5 Cryptocurrencies by Market Value

Market analysts say a short-term bounce is possible if Bitcoin holds above the $107,000 support, but sustained weakness could push prices toward $103,000 or lower. The coming days will be crucial as traders look for stability amid global economic uncertainty and macro volatility.

For more information visit techjuice.