Bitcoin risks '20-30%' drop as crypto markets liquidate $1.1B in 24 hours

Bitcoin (BTC) revisited the bottom of its local range, dropping near $107,000, as crypto markets reacted negatively to the US Federal Reserve's 0.25% interest-rate cut. This downturn coincided with US stock markets, like the S&P 500 and Nasdaq, also opening lower, despite hopeful commentary from President Trump regarding a US-China trade deal. The market stress resulted in significant liquidations across crypto, totaling over $1.1 billion in the preceding 24 hours, punishing traders who had bet on upside. Some analysts suggest that if the broader stock market experiences a reversal, Bitcoin could face losses of 20% to 30%. Furthermore, October 2025 was marked as a 'red' month for Bitcoin for the first time since 2018.

(Source：Cointelegraph)