In plain English:
$BTC barely moved this weekend. The real casualties were leveraged traders.
First, three numbers: More than $810 million in positions were liquidated across the crypto market in 24 hours, including $689 million in long positions, wiping out over 200,000 traders.
$BTC briefly fell to $79,146 on Saturday, then recovered to above $80,000. It’s now around $80,250—meaning the price barely budged, but leverage got wiped out.
Break it down and it makes sense: Weekend liquidity is thin to begin with. Once the price broke below $80,000, forced liquidations became sell orders, pushing prices lower and amplifying the cycle. It wasn’t news that wiped traders out—it was a cascade caused by the leverage structure itself.
Now look at the money flows: Spot
$BTC ETFs saw $635.6 million in outflows on October 22, followed by another $137.9 million on the 23rd. Money was flowing out of ETFs while leveraged money was rushing in. Those forces were pulling in opposite directions, leaving anyone caught in the middle in a tough spot.
$ETH also fell back to around $2,340.
The takeaway is simple: Before the FOMC shows its hand on October 27–28, leverage—not your guess about the direction—may clear out your position first. Futures markets are pricing in roughly a 90% chance of no change, while Brent crude remains above $117. Personal opinion, for reference only.
Before the FOMC meeting, will
$BTC reclaim the $81,700 average first, or dip below $79,146 again? Pick a side in the comments.
#MarketsPriceJust10%ChanceOfFedHikeNextWeek
#FOMC #Liquidations