The cryptocurrency market prolonged its slide on Thursday, with Bitcoin worth briefly falling below $110,000 earlier than regaining some floor.
CoinGecko knowledge confirmed that the Bitcoin worth dropped to $107,500 from $110,400, representing a decline of 3% previously 24 hours.
Most main altcoins adopted the identical path. 9 of the highest ten non-stablecoin property traded decrease, shedding between -0.9% to -5.3%.
The drop got here after a surge in Bitcoin transfers from miners to exchanges, hinting at mounting promoting strain.
Only a few weeks earlier, miners have been including to their Bitcoin holdings regardless of increased prices and tighter margins. That pattern reversed as falling transaction charges reduce into income, worsened by April’s halving and better community issue.
Will This autumn 2025 Convey One other Wave of Volatility for Bitcoin Merchants?
The Bitcoin worth prolonged its weekly decline, buying and selling close to $107,500 after falling roughly 10.8% over the previous seven days.
Related sell-offs have marked late phases of earlier market cycles, usually reflecting warning amongst buyers.
Information from Farside reveals that Bitcoin exchange-traded funds have seen outflows of greater than $108M for the reason that begin of the week, including to the market’s promoting strain.
In line with Derbit knowledge, choices merchants have positioned over $1.7Bn in bets that the Bitcoin worth will rise above $130,000 earlier than year-end.
Polymarket knowledge means that contributors assign higher than a 50% likelihood to that state of affairs in 2025.
(Supply: Polymarket)
Analysts at CryptoQuant known as the current $19Bn drawdown a “leverage flush,” suggesting it’s a market reset quite than the beginning of a protracted decline.
Throughout Friday’s crash, spot quantity hit $44B (close to cycle highs), futures $128B, whereas OI dropped $14B with solely $1B in BTC lengthy liquidations. 93% of OI decline wasn’t pressured – this was a managed deleveraging, not a cascade.
👉 A really mature second for Bitcoin. pic.twitter.com/sTrziRUXXo
— Axel 💎🙌 Adler Jr (@AxelAdlerJr) October 14, 2025
Technically, Bitcoin’s weekly chart reveals the worth slipping beneath the bull market assist band a zone outlined by the 20-week SMA and 21-week EMA.
(Supply: BTC USD, TradingView)
The extent has traditionally acted as a robust pivot in previous cycles. Now hovering close to $108,000, Bitcoin faces a key check.
An in depth beneath this vary may flip short-term sentiment bearish, opening the door to the $100,000-$102,000 assist zone.
DISCOVER: Greatest New Cryptocurrencies to Put money into 2025
Bitcoin Worth Prediction: Is the 2025 “Trump Tariff Crash” Repeating Bitcoin’s 2020 Sample?
Analyst Daan Crypto mentioned broader situations nonetheless look supportive. With shares and gold close to document highs, robust liquidity might assist the Bitcoin worth preserve stability round present ranges.
$BTC Has been battling round its bull market assist band however is shedding it once more. It is essential to stay round this space on the upper timeframes and weekly closes.
So long as shares & gold stay close to their all time highs, I believe BTC has likelihood to carry this space.… pic.twitter.com/5C5u2c7Q3x
— Daan Crypto Trades (@DaanCrypto) October 16, 2025
Traditionally, late-year buying and selling usually brings sharp swings. The market may expertise one other burst of volatility heading into the ultimate quarter of 2025, earlier than a clearer pattern emerges.
Analyst TedPillows shared a chart evaluating Bitcoin’s 2020 “Covid Crash” with the current “Trump’s China Tariff Crash.”
$BTC has been consolidating after final week’s crash.
Sentiment is at an all-time low, persons are panic promoting and “it is throughout” is on the timeline.
This does not occur on the high, however quite on the backside. pic.twitter.com/6SQ4F7yPj5
— Ted (@TedPillows) October 16, 2025
The 2 traits present comparable conduct. In 2020, Bitcoin’s steep drop was adopted by a quick rebound and a protracted rally to new highs. The 2025 chart is tracing the identical sample: a deep sell-off, then a base forming close to the lows.
(Supply: X)
The prevailing candles are indicative of capitulation. The lengthy wicks recorded and the heavy promote quantity are indications that panic promoting could also be nearing its finish, and that is usually an indication of the underside.
On the time of his evaluation, the Bitcoin worth traded at almost $110,000, which can kind a double-bottom sample, just like that of March 2020.
The symmetry of the chart means that market worry could be at its peak, and this may be the beginning of a restoration as quickly because the promoting strain subsides.
In line with Glassnode knowledge, the small Bitcoin holders proceed to build up their holdings.
The charts present that the buildup of wallets containing 1 to 1,000 BTC has been growing for the reason that finish of September.
(Supply: X)
Within the meantime, giant holders who personal over 10,000 BTC have both decreased their purchases or barely decreased their holdings, indicating that central accumulation has ceased.
This transfer signifies a newfound confidence of the retail and mid-size buyers as Bitcoin trades at $110,000-$115,000.
Traditionally, it has been generally noticed that such a accumulation by smaller holders precedes recoveries that happen within the wake of widespread market corrections.
DISCOVER: Greatest New Cryptocurrencies to Put money into 2025
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