This Sunday, the price of the leading cryptocurrency hovered around $83,000, which is 34 percent below its all-time high. The market is currently reeling from the massive sell-off that occurred exactly one year ago. As of 8:23 a.m., Bitcoin was trading at $83,062.8. It has yet to recover to the peak of $126,080 recorded on October 6, 2025.
This anniversary coincided with another week of high volatility. Bitcoin briefly dipped to $80,308 but then rebounded to the $83,000 mark, reflecting ongoing concerns about leveraged trading.
As a reminder, on October 10, 2025, Bitcoin plummeted from $122,000 to $105,000. It was all triggered by Donald Trump’s announcement of significant tariffs on Chinese goods. That sell-off led to the liquidation of positions worth over $19 billion, affecting approximately 1.6 million trading accounts.
Experts believe that many of the causes of that crisis have not gone away. In particular, this applies to the widespread use of perpetual futures and trading with massive leverage. Mark Connors of Risk Dimensions noted that even amid increasing market transparency, derivatives continue to have a significant impact on Bitcoin’s short-term price.
Looking at current data, a price rise to $85,000 could trigger the liquidation of short positions worth approximately $3.3 billion, which, in turn, would help the market recover more quickly. At the same time, interest from major players has waned somewhat: this week alone, over $700 million was withdrawn from U.S. spot Bitcoin ETFs.
Despite all these challenges, Matt Hogan, Chief Investment Officer at Bitwise Asset Management, remains optimistic. He suggests that Bitcoin’s market capitalization could reach $30 trillion in the future, drawing an analogy to how the price of gold rose after the introduction of exchange-traded funds. Of course, this is a very bold prediction, given that the current market capitalization stands at $1.66 trillion, but such views are not uncommon in the industry.
This week also saw notable corporate adoption of this asset. For example, Robinhood purchased $25 million worth of Bitcoin. Meanwhile, on Thursday, wallets linked to the U.S. government transferred approximately $1 billion in Bitcoin, having previously transferred $770 million. Why this is happening remains unclear.
As a result, opposing forces continue to clash in the Bitcoin market: on one hand, interest from large organizations; on the other, risks associated with leverage. Although analysts now have a better view of overleveraged positions, they still warn that a large wave of liquidations is entirely possible. Bitcoin is currently testing the $85,000 level, and its further growth will depend on whether demand returns and the market stabilizes.
As for the rest of the cryptocurrencies, most altcoins were falling on Sunday morning. Overall, the sector was trending downward.
Ether, which ranks second, rose slightly—by 0.40 percent—to $2,508.16.
XRP, ranked third, fell 1.05 percent to $1.3961.
Solana lost 0.40 percent and traded at $109.72, while BNB fell 0.38 percent to $748.29.
Cardano fell 2.29 percent to $0.2479, and Dogecoin lost 1.28 percent.
In the world of meme coins, the price of TRUMP remained stable, while Shiba Inu fell by 1.82 percent.