The crypto sphere took a major hit on Friday, infused with rising global tariff battle worries, over $560 million in daily Bitcoin (BTC) exchange-traded fund (ETF) outflows, and a sky-high BTC options expiration wall.
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As of press time, the showpiece digital asset Bitcoin (BTC) plunged to $104,808, signaling a rare drop below the $105,000 demand territory. Things aren’t looking better for Ethereum (ETH), as the largest Proof Of Stake (PoS) blockchain dwindled to $3.6K.
What’s Driving This Drastic Market Reaction?
With the United States (USA) government in shut-down mode now for more than two weeks, the initial market surge due to crypto’s status as a go-to hedge against the Dollar’s weakness is fading away, shifting the market sentiment towards extreme fear. Bitcoin’s plunge below $110K started accelerating to enormous levels last night, as the United States President Donald Trump was reported to have a long talk on the phone with Russia’s Vladimir Putin.
While the geopolitical shenanigans might have more impact on crypto prices, the $4.8 trillion Bitcoin (BTC) expiration date plays a key role in depicting the market sentiment. According to Deribit, one of the largest Perpetuals markets exchanges across the globe, the people had recently shown appetite towards short-selling on Bitcoin (BTC).
On top of that, real-time CoinGlass daily liquidations figures on Friday paints a picture of extremely over-leveraged plays for the crypto bulls, accounting for over $935 million in liquidations on Perpetuals markets. With a total of $1.19 billion liquidated in 24 hours, short-sellers took some of that fluctuation heat too, resulting in $253.40 million in liquidations.
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People Also Ask:
The $4.8 trillion Bitcoin options expiry on October 17, 2025, is forcing traders to act, amplifying volatility with recent price swings.
Trump’s October 16, 2025, two-hour call with Putin, focusing on Ukraine and a Budapest summit, has injected geopolitical uncertainty, unsettling investors.
A sudden market drop on October 15, 2025, triggered a $1.19 billion liquidation of over-leveraged perpetual futures, exposing trading risks.
BTC’s options expiry, Trump’s tariff beef with China & Putin’s call, as well as mass perpetuals liquidations are colliding, creating a volatile mix of financial and political shocks.
Watch Bitcoin’s following post-expiry moves, Trump’s summit fallout, and regulatory responses to leverage. Exchanges’ reactions will be key. Stay tuned on DailyCoin.
