{"id":92613,"date":"2025-10-17T13:43:18","date_gmt":"2025-10-17T17:43:18","guid":{"rendered":"https:\/\/www.businessupturn.com\/usa\/?p=92613"},"modified":"2025-10-17T13:43:18","modified_gmt":"2025-10-17T17:43:18","slug":"bitcoin-extends-decline-amid-macroeconomic-turmoil-and-heavy-whale-selling","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/bitcoin-extends-decline-amid-macroeconomic-turmoil-and-heavy-whale-selling\/92613\/","title":{"rendered":"Bitcoin extends decline amid macroeconomic turmoil and heavy whale selling"},"content":{"rendered":"

Bitcoin<\/a> continued its downward slide on Friday as growing macroeconomic pressures and aggressive selling by large holders rattled investor confidence. The broader crypto market lost over 5% in the past 24 hours, dragging total capitalisation close to $3.6 trillion,\u00a0its lowest level since August.<\/p>\n

Sentiment took a sharp turn for the worse, with the Crypto Fear and Greed Index plunging six points into the \u201cextreme fear\u201d<\/em> zone at 22, a level last seen in April. Every major altcoin followed Bitcoin lower, with the entire top 100 cryptocurrencies trading in the red as panic spread across the market.<\/p>\n

\n

Why is Bitcoin falling?<\/strong><\/h2>\n

Bitcoin\u2019s price hit a four-month low of $103,856 as fresh worries about the stability of U.S. regional banks reignited fears of systemic contagion.<\/p>\n

The selloff began after two major auto-sector bankruptcies, First Brands Group, burdened with $10 billion in liabilities, and Tricolor Holdings, owing $1 billion, exposed deeper cracks in private credit markets and risky lending practices.<\/p>\n

These developments spooked investors and spilled into the banking sector, where Zions Bank and Western Alliance stocks fell 13% and 11%, respectively, following losses and legal troubles tied to their loan portfolios. U.S. equity benchmarks, the S&P 500, Nasdaq, and Dow Jones,\u00a0also ended the day lower, amplifying risk-off sentiment.<\/p>\n

As global markets turned defensive, Bitcoin and other risk assets bore the brunt, triggering a cascade of liquidations. Over $1.19 billion in leveraged crypto positions were wiped out within a day, with $878 million of that coming from long positions. A massive $20.42 million ETH liquidation on Hyperliquid marked the single largest of the day, leaving nearly 290,000 traders liquidated.<\/p>\n

This liquidation wave created a self-reinforcing feedback loop, each price drop forced more automatic sell-offs, intensifying the decline.<\/p>\n

The market slump was worsened by expectations that the U.S. Federal Reserve may delay interest rate cuts amid sticky inflation. Higher-for-longer rates tend to drain liquidity from speculative assets like crypto, making investors more cautious.<\/p>\n

Meanwhile, institutional capital appears to be shifting toward gold. The precious metal recently surpassed the euro as the world\u2019s second-largest reserve asset, accounting for 20% of central bank reserves compared to the euro\u2019s 16%.<\/p>\n

Although both gold and Bitcoin are viewed as \u201chard assets,\u201d analysts note that gold has stolen Bitcoin\u2019s momentum. As commentator Plur<\/em> observed, \u201cGold has stolen some of BTC\u2019s thunder,\u201d<\/em> suggesting Bitcoin\u2019s hedge narrative is weakening.<\/p>\n

Adding to the bearish weight, Bitcoin miners have ramped up selling. According to CryptoQuant, miners deposited 51,000 BTC to exchanges between October 9-16, a move that often precedes extended selloffs.<\/p>\n

Long-term whales are also cashing out. The so-called \u201cTrump Insider Whale,\u201d flagged by Arkham Intelligence, moved $222 million in BTC to Coinbase, a wallet historically linked to market tops.<\/p>\n

\n

Will Bitcoin price crash further?<\/strong><\/h2>\n

Bitcoin is now struggling to hold above the $110,000 resistance level. Analyst CryptoBird described the ongoing pullback as \u201cclassic pre-peak behaviour\u201d<\/em> seen near the end of every major cycle, suggesting the market may be entering its final shakeout before a long-term top.<\/p>\n

Technical analysts highlight a fragile structure forming. Daan Crypto Trades noted that Bitcoin is now testing the 0.786 Fibonacci retracement level near $104,000, warning that a break below could push prices toward the June low of $98,000.<\/p>\n

Similarly, Captain Faibik identified a rising wedge<\/em> pattern on the weekly chart, a bearish signal, predicting a possible 50% correction in the midterm.<\/p>\n

However, not all analysts are bearish. BitBull believes a \u201cmax pain\u201d<\/em> dip to the $103,000-$104,000 range could trigger a major reversal and set the stage for a new all-time high once the market stabilizes.<\/p>\n

The liquidation heatmap shows dense clusters forming between $107,000 and $108,500, indicating strong resistance. Unless Bitcoin decisively breaks above this range, upside potential remains limited.<\/p>\n

If bulls fail to defend the $104,000 support, the next target could be $103,000,\u00a0and potentially $98,000 if macro conditions worsen.<\/p>\n

At press time, Bitcoin had rebounded slightly to $106,000, down 1.5% over the past 24 hours, but volatility remains elevated as traders brace for the next move.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin continued its downward slide on Friday as growing macroeconomic pressures and aggressive selling by large holders rattled investor confidence\u2026.<\/p>\n","protected":false},"author":294,"featured_media":92615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76],"tags":[3925],"class_list":["post-92613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-bitcoin"],"reading_time":"4 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/92613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/294"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=92613"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/92613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/92615"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=92613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=92613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=92613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}