Bitcoin Falls Below $80,000 in Weekend Sell-Off, Then Recovers Toward $80,600
Bitcoin briefly dropped toward $79,200 on October 24 as forced selling hit leveraged traders, with about $547 million in crypto liquidations over 24 hours and U.S. spot bitcoin funds losing about $773 million across two sessions.
Bitcoin recovered toward $80,600 on October 25 after falling below $80,000 during a weekend sell-off that set off forced selling across cryptocurrency markets, according to crypto.news. The price briefly reached the $79,200 region on October 24 before moving back above $80,000.
CoinGlass data showed about $546.88 million in liquidations across cryptocurrency markets over 24 hours, affecting 116,300 traders, crypto.news reported. The largest single liquidation reported was an $11.85 million ether position on Binance. Selling pressure grew on October 24 as the price slipped below $80,000 and leveraged trading positions were closed by force. Crypto.news also noted that weekend trading can see thinner liquidity, which makes prices more sensitive to large transactions and forced selling.
ETF outflows continue
U.S. spot bitcoin funds lost about $635.5 million on October 22, ending a three-day buying streak that had attracted more than $1 billion, according to crypto.news. The funds recorded another $137.9 million in net withdrawals on October 23, based on Farside Investors records cited by crypto.news. Combined, the two sessions produced about $773.4 million in net outflows.

Bitcoin’s October performance remained negative, with the price down about 3.3% for the month to date, crypto.news reported. Its trading range for the month stretched from roughly $79,700 to $86,800, leaving the latest price near the lower end of that range. CryptoQuant analyst CW8900 reported that large holders had reduced their net selling over the past year, with the one-year change in whale holdings improving from about negative 282,000 bitcoin to negative 39,000 bitcoin, though the indicator had not yet turned positive.
Reporting based on coverage by crypto.news.