Overview

• Bitcoin fell as low as roughly $103,300–$103,600 on Friday before stabilizing near $105,000–$107,000, its weakest level since early summer.
• U.S. spot bitcoin ETFs logged about $536 million in net redemptions on Oct. 16, the biggest single-day outflow since August, adding to selling pressure.
• Roughly $1.0–$1.2 billion in crypto derivatives positions were liquidated over 24 hours, mostly longs, following an earlier ~$19 billion unwind this month.
• Renewed U.S.–China tariff threats and broader credit worries drove a shift into havens, with gold extending record highs as crypto and equities sold off.
• Technicals deteriorated as BTC slipped below its 200-day moving average; traders are watching $103,000 and the psychological $100,000 level even as some banks maintain bullish multi-month targets.