Overview

• Bitcoin hovered around $110,500–$112,000 on Tuesday as the crypto market shed roughly $150–$200 billion in value, with ether dropping below $4,000 and major tokens retreating several percent.
• Beijing sanctioned U.S.-linked units of South Korea’s Hanwha Ocean and both countries moved to levy additional port fees, souring risk appetite after a brief rebound.
• U.S. stock futures fell and Asia equities slid, the VIX stayed elevated, gold hit fresh records, and Treasury yields eased as investors rotated to safety.
• Spot crypto ETFs saw sizable outflows of about $755 million on Oct. 13, yet BlackRock’s IBIT remained an outlier with continued inflows and near-$100 billion assets under management.
• Analysts framed the drawdown as a margin-driven deleveraging after roughly $19–$20 billion in weekend liquidations, with another $600 million-plus cleared on Tuesday as longs were forced out.