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Crypto Markets Today: BTC, Altcoins Plunge as Liquidity Tightens and Safe-Haven Demand Soars

The $1.2 billion derivatives liquidations over 24 hours deepen the crypto market decline as multiple assets hit multi-month lows amid broader financial uncertainty.

  • On Friday, Bitcoin dropped below its 200-day SMA to trade near $104,500, a 6% decline in 24 hours as the crypto market hit multi-month lows.
  • Equity weakness weighed on crypto, with the S&P500 down 3.3% and the CoinDesk 20 Index falling nearly 9% to 3,389 amid trade tensions and tightening U.S. liquidity.
  • Coinglass data shows $1.2 billion in 24-hour liquidations with a 78-22 split favoring longs, led by Ether, BTC and Others.
  • Options metrics reveal stress: a slight bearish 45 put/call split and an elevated 1-week 25 Delta Skew at approximately 21%, despite BTC futures showing stability with open interest near $25.7 billion and a 3-month basis in the 5-6% range.
  • Analyst Timothy Misir called the move a tactical liquidity event layered on macro uncertainty and urged defensive positioning with staggered spot buys into $104,000 and $108,000.
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The setback occurred in the midst of a climate of “extreme panic” and liquidations of more than USD 1.2 billion. The pressure of the ETFs, the exit of capital and the global uncertainty deepened the fall. [caption id=

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CryptoPotato broke the news in on Friday, October 17, 2025.
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