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Bitcoin News

Bitcoin Drops Below $105K with $1.20B Liquidated from the Crypto Market

Over $530 million were pulled from U.S. Bitcoin ETFs added to the crypto sell-off, with ARK Invest and Fidelity leading the outflows.

Written By Iyiola Adrian
Fact Checked by Jahnu Jagtap
Published October 17, 2025 9:45 PM·Updated 1 year ago
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Bitcoin Drops Below $105K with $1.20B Liquidated from the Crypto Market

Bitcoin’s price fell below $105,000 today, to a 15-week low as traders reacted to fears surrounding U.S. regional banks and tensions with China.

As of the time of writing this report, Bitcoin (BTC) is trading for $104.767. The cryptocurrency has dropped by 5.37% in the last few hours, adding up to 13.95% over the week, with a market value of $2.1 trillion. Trading activity has jumped 59% to $114 billion as investors rush to sell

Bitcoin Price Chart
Bitcoin Price Chart | Source: CoinMarketCap

Data from Farside Investors also recorded that U.S. spot Bitcoin ETFs saw over $530 million in outflows today. This was led by ARK Invest’s ARKB with $275.2 million leaving the market. Fidelity’s FBTC followed with $132 million in redemptions.

Gold advocate Peter Schiff commented on the drop on X, claiming that gold could reach $1 million before Bitcoin.

Gold is more likely to hit $1 million than Bitcoin.

— Peter Schiff (@PeterSchiff) October 16, 2025

“It’s not just a de-dollarization trade but a de-bitcoinization trade.  Bitcoin has failed the test as a viable alternative to the U.S. dollar or digital gold.” He said in another tweet.

Additionally, over $1.20 billion in crypto has been liquidated because of the drop in overall market. According to data from Coinglass, $898 million alone came from traders who had placed their bets on long positions.

Total Liquidation in the last 24 hours
Total Liquidation in the last 24 hours | Source: Coinglass

Meanwhile, gold has continued to surge. It even hit another record high of $4,380.79 per ounce, pushing its market cap to $30 trillion. 

Also Read: $1.23B Wiped Out as Crypto Market Faces Sharp Fall in Weeks

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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