Key facts: Bitcoin Drops to $103,528; $20 Billion Liquidated; Fear Index at 22
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- On October 8, Bitcoin (BTCUSD) faced a significant drop during a historic 24-hour liquidation event, leading to $20 billion in liquidations across the cryptocurrency market.1
- Bitcoin (BTC) has dropped to $103,528, falling from $124,000 to around $107,000 in 24 hours. The Bitcoin Cycle Phase Score indicates a correction phase after recent gains.2
- Bitcoin's bearish trend has led to a drop in the Fear & Greed Index to 22, signaling 'extreme fear' and a shift in trader sentiment.3