Overview
- Bitcoin fell below $105,000 and traded near $103,700, with 24-hour turnover roughly doubling to about $74 billion.
- Market-wide forced unwinds reached nearly $1.28 billion as deleveraging accelerated across major exchanges.
- Ethereum dipped under $3,500 at one point, while Solana, BNB, and Cardano logged declines of about 8.1%, 5.9%, and 5.8% respectively.
- The Crypto Fear & Greed Index hovered around 27/100, signaling extreme fear despite a slight 0.03% uptick in Bitcoin open interest.
- Roughly 70% of Binance traders with open BTC positions were positioned for a rebound, even as uncertainty linked to the Fed’s recent 25 bp cut, Powell’s caution on further easing, and an Oct. 31 liquidity operation weighed on risk appetite.