Crypto Traders Take On $800M Liquidations as Fed’s Caution Sparks ‘Sell-the-News’ Reversal
Update: 2025-10-30
Description
Bitcoin experienced a wild ride on October 30th, plummeting near $108,000 before surging back above $110,000, erasing over $800 million in leveraged futures trades. The chaos was sparked by a Federal Reserve announcement, which dampened hopes for another rate cut in December, leading to a sell-off and massive liquidations. Over 165,000 traders were wiped out in 24 hours, with a $11 million Bitcoin trade on Bybit being the largest hit. Despite the market volatility, some analysts believe Bitcoin could stabilize above $115,000 into November if liquidity increases, but traders must avoid excessive leverage.
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