October 17, 2025 – Overnight, Bitcoin briefly fell below $107,500, later recovering above $108,000, triggering a significant wave of liquidations in the cryptocurrency futures market.
Massive Liquidations Across Crypto Futures
Within 24 hours, the total liquidation volume exceeded $715 million, affecting nearly 206,000 traders. Long positions bore the brunt, with losses totaling around $530 million, while short positions incurred approximately $187 million in losses. Bitcoin and Ethereum were the hardest hit, with $235 million and $160 million liquidated, respectively.
Fear & Greed Index Hits “Extreme Fear”
The Crypto Fear & Greed Index dropped to 22 points, indicating extreme fear among market participants. Over the past 24 hours, the index declined by six points, and over the past month, it fell by 31 points.
Market Context
According to CryptoQuant, Bitcoin has entered the late stage of the current bull cycle, but the recent sharp correction highlights persistent volatility in crypto markets. Analysts suggest that such liquidations are typical during sudden price swings and reflect both speculative trading and leveraged positions on major exchanges.
Charts:
- BTC/USDT on Binance. Source: TradingView
- Futures liquidation volumes. Source: CoinGlass
- Fear & Greed Index. Source: Alternative
