Bitcoin’s price dipped below $107,000 on Thursday, triggering nearly $1 billion in crypto market liquidations. This sharp decline extended recent weakness, affecting major assets like ETH and SOL, while BTC dominance holds at 57.9%. Short-term sentiment suggests a potential reversal amid fearful market conditions.
BTC price falls under $107,000, leading to $377.14 million in BTC liquidations alone.
Overall crypto market sees $963.63 million in total liquidations, with longs accounting for over $855 million.
ETH drops to $3,725.25 and SOL retreats to $180.23; BTC’s October loss deepens to 5.79% despite ‘Uptober’ expectations.
Discover why Bitcoin price fell under $107,000, sparking massive liquidations. Explore market reactions, sentiment shifts, and recovery signals in this in-depth analysis. Stay informed on crypto trends—read now for key insights.
What Caused Bitcoin’s Price to Fall Under $107,000?
Bitcoin’s price fall under $107,000 was driven by extended market weakness over the past few days, culminating in a breakdown on Thursday that pushed BTC to a low of $106,993 before a partial recovery above $107,300. This movement resulted in significant liquidations totaling $377.14 million for BTC alone in the past 24 hours. The broader crypto market experienced even heavier losses, with total liquidations reaching $963.63 million, predominantly from long positions exceeding $855 million.
How Are Liquidations Impacting the Crypto Market?
The recent wave of liquidations highlights the volatility in derivative markets, where Hyperliquid emerged as the leading platform, surpassing even Binance in liquidation volumes. This surge followed efforts to promote spot trading as a safer alternative amid heightened risks. As Bitcoin’s price dipped, it swept through many easily accessible long positions, though some remain vulnerable as low as $105,000. According to data from Coingecko, the market’s fearful sentiment persisted, with BTC dominance steady at 57.9% despite the turmoil.
Altcoins reacted more intensely to the BTC slide. Ethereum (ETH) fell to $3,725.25, while Solana (SOL) halted its prior recovery and dropped back to $180.23. Bitcoin’s October performance has now turned negative by 5.79%, defying traditional ‘Uptober’ optimism that anticipated gains. These interconnected movements underscore the market’s sensitivity to BTC’s trajectory, as reported by various on-chain analytics platforms.
Expert analysis from on-chain data providers like Santiment indicates that such liquidation events often precede shifts in trader behavior. With retail investors facing losses, caution has increased, slowing position rebuilding. The BTC supply in profit has declined sharply to 82% from 99% earlier in the month, signaling widespread unrealized losses among short-term holders.
Frequently Asked Questions
What triggered the $1 billion in crypto liquidations after Bitcoin’s dip?
The Bitcoin price dip below $107,000 triggered cascading liquidations across the crypto market, totaling $963.63 million in 24 hours. Primarily affecting long positions at $855 million, the event was fueled by leveraged trades on platforms like Hyperliquid, which saw the highest volumes. This reflects ongoing market fragility post-recent volatility spikes.
Will Bitcoin recover from its current price under $107,000?
Bitcoin may see a relief rally following its dip under $107,000, as historical patterns show recoveries after Federal Reserve interest rate decisions. With retail sentiment at peak fear levels—fear and greed index at 34 points—contrarian moves by institutional investors could drive prices higher. On-chain metrics suggest buy walls forming around $106,000, supporting a potential short-term reversal.
BTC dipped under $107,000 as sentiment remained fearful. | Source: CoingeckoKey Takeaways
- Bitcoin’s Sharp Decline: BTC broke below $107,000, hitting $106,993 and sparking $377.14 million in specific liquidations, part of a broader $963.63 million market wipeout.
- Altcoin Vulnerability: ETH and SOL suffered steeper drops to $3,725.25 and $180.23 respectively, highlighting BTC’s influence on the ecosystem.
- Sentiment Shift Signals Recovery: Fearful retail mood and declining short-term holder profits could precede a rally; monitor for whale activity to confirm upward momentum.
Conclusion
The Bitcoin price fall under $107,000 has intensified market liquidations and eroded short-term confidence, with the crypto fear and greed index dipping into fear territory. Despite October’s unexpected red performance, historical precedents following Federal Reserve rate cuts point to possible relief rallies. As BTC supply in profit stabilizes at lower levels, investors should watch for signs of reversal, such as strengthening spot buy walls. Stay vigilant on these developments to navigate the evolving crypto landscape effectively.
😨 Bitcoin’s dip to $107K Thursday has led to a high amount of sub-$100K $BTC price predictions. In this chart:
🟦 $50K-$100K Calls
🟥 $150K-$200K CallsMarkets move opposite to the crowd’s expectations, therefore a relief rally is probable while FUD is peaking like it is now.
— Santiment (@santimentfeed) October 30, 2025
Bitcoin’s recent turbulence stems from a combination of factors, including the aftermath of October 10-11 liquidations that prompted retail selling. Short-term holders, particularly those with wallets up to 155 days old, are now facing losses as BTC distances itself from recent highs. This has led to a cautious rebuilding of positions, with traders eyeing potential further corrections before any sustained recovery.
The dip aligns with patterns observed after major economic announcements, such as the Fed’s 25 basis point rate cut. Historically, BTC experiences initial sell-offs post-FOMC meetings, often followed by rebounds as markets digest the news. In this instance, spot markets quickly formed supportive buy walls around $106,000, absorbing much of the selling pressure and hinting at underlying demand.
Broader sentiment indicators reinforce this outlook. The crypto fear and greed index fell to 34 points, recovering slightly from a low of 24, indicating extreme fear that has often preceded bullish reversals. Social media buzz around ‘buying the dip’ contrasts with pessimistic price targets below $100,000, a dynamic that typically favors contrarian plays by larger investors.
Looking at on-chain metrics, the BTC supply in profit dropping to 82% underscores the pain for recent entrants who bought near record levels. This level of unrealized loss can trigger additional panic selling, but it also clears out weaker hands, potentially setting the stage for stronger upward momentum. Analysts from platforms like Santiment note that when retail fear peaks, markets frequently move in the opposite direction, driven by smart money.
October’s disappointing close for BTC, with a 5.79% loss, challenges the long-standing ‘Uptober’ narrative. Past instances of red Octobers have sometimes led to deeper November declines, but current conditions—with steady BTC dominance at 57.9%—suggest resilience in the flagship asset. Liquidation data shows that while longs were heavily hit, remaining positions below $105,000 may limit further downside without new catalysts.
Derivative market volatility, led by Hyperliquid’s dominance over Binance, reflects a shift toward more speculative trading environments. Efforts to revive spot trading as a lower-risk avenue come at a timely juncture, potentially stabilizing the market if adoption grows. For now, the focus remains on whether this dip evolves into a short-term correction or sparks a broader rally.
In summary, while the Bitcoin price under $107,000 has caused widespread liquidations and heightened caution, several indicators—ranging from sentiment extremes to historical patterns—point toward a possible rebound. Investors are advised to monitor key support levels and on-chain flows closely.