Bitcoin Price Drops Below $105K Amidst Global Economic Concerns

Bitcoin experienced a significant price drop below $105,000 on October 17, 2025, marking a new 15-week low. This decline was triggered by a confluence of factors including global trade tensions and recent instability in the U.S. banking sector. The event has led to significant liquidations across the market, as traders faced substantial losses in open interest exceeding $19 billion. Despite this shock, long-term Bitcoin holders have largely maintained their positions, while short-term leveraged traders were forced into liquidation. 90% of Bitcoin’s overall supply is currently profitable, indicating a resilient market despite current volatility.