🔴In the early hours of October 17, Bitcoin briefly fell to $107,500 before recovering above $108,000. The sharp swings triggered a new wave of liquidations in the futures market: over 206,000 traders saw their positions closed in 24 hours, totaling more than $715 million. The largest losses were concentrated in long positions on Bitcoin and Ethereum, with $235 million and $160 million liquidated respectively.
🔴Panic has intensified — the Fear and Greed Index dropped to 22 points, signaling “extreme fear.” Analysts interpret this as evidence that Bitcoin has entered the late stage of its bull cycle, where volatility spikes and investor sentiment becomes increasingly fragile.