Key points:
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Bitcoin revisits the bottom of its local range in a fresh dive after the Federal Reserve interest-rate cut.
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Traders betting on upside get punished, with long liquidations nearing $1 billion.
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A deeper rout for stocks could mean BTC price losses of 30%.
Bitcoin (BTC) saw new weekly lows at Thursday’s Wall Street open as stocks shrugged off macro tailwinds.
BTC price pressures $107,000 range floor
Data from Cointelegraph Markets Pro and TradingView showed that the BTC price action dipped to near $107,000.
That level marked the bottom of the local range for BTC/USD, and was thus key for bulls to defend.
$BTC Another test of $107K. Still in the range as we speak.
All levels to watch from low to high:
🔸$103K (Wick low).
🔸$107K Local range low & support.
🔸$111K Mid range & high volume node.
🔸$116K Range high & resistance.We’re just playing ping pong between those levels. One… https://t.co/obzd3PYwzf pic.twitter.com/XsxoGxHzqR
— Daan Crypto Trades (@DaanCrypto) October 30, 2025
Crypto joined US stock markets in a comedown from another 0.25% interest-rate cut by the US Federal Reserve the day prior.
The would-be macro catalyst of the week, a trade deal between the US and China to avert steep tariffs from Nov. 1, lacked certainty despite hopeful commentary from US President Donald Trump.
In a post on Truth Social following a meeting with Chinese President Xi Jinping, Trump said the two “agreed on many things.”
“I had a truly great meeting with President Xi of China. There is enormous respect between our two Countries, and that will only be enhanced with what just took place,” the post stated.
“We agreed on many things, with others, even of high importance, being very close to resolved.”
The S&P 500 and Nasdaq Composite Index both opened down on the day, while gold gained, climbing back above $4,000 per ounce.
High liquidations characterized Crypto’s struggle as traders’ macro bets unraveled. Data from monitoring resource CoinGlass indicates that 24-hour liquidations reached over $1.1 billion at the time of writing.
Bitcoin trader warns stocks reversal “coming”
Commenting on the outlook, market participants had differing views.
Related: Bitcoin spot volume passes $300B in October as traders show ‘healthy’ pivot
Some, including trader CrypNuevo, saw Bitcoin repeating “usual” behavior around Fed rate meetings.
“Nothing to worry about in terms of market structure or trend – price is now retracing the new imbalances created this evening,” he told X followers.
CrypNuevo noted that price had filled its latest weekend “gap” in CME Group’s Bitcoin futures market.
Other perspectives were a lot less relaxed. Trader Roman warned that since BTC/USD was failing to follow stocks even during periods of upside, their trend reversal could spark another price rout.
So when the $SPX finally has some sort of retrace/correction, my guess is $BTC drops by a solid margin. Maybe 20-30%.$BTC has been moving sideways while stocks have been going straight up 40%+. The lack of strength is very evident.
It’s coming folks. https://t.co/bLL0fyqSkR pic.twitter.com/wYfTCN8m3l
— Roman (@Roman_Trading) October 30, 2025
CoinGlass confirmed that October was now “red” for Bitcoin for the first time since 2018, with a single trading day left to turn the situation around.
As Cointelegraph reported, the average gain in October since 2013 has been 20%.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
