Important points:
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After the Federal Reserve rate cut, Bitcoin re-approached the bottom of the regional range with a new sharp decline.
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Traders who bet on the upside will be penalized, with long-term liquidations approaching $1 billion.
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If the stock market crash becomes even more severe, the BTC price could drop by 30%.
Bitcoin (BTC) hit a new weekly low in Wall Street trading on Thursday as stocks fended off macro tailwinds.
BTC price puts pressure on the lower end of the range at $107,000
Data from Cointelegraph Markets Pro and TradingView showed that BTC price action has fallen to near $107,000.
This level marks the bottom of BTC/USD’s regional range and was a key defense for the bulls.
$BTC Another test for $107,000. Still in range as we speak.
Pay attention to all levels from low to high:
🔸$103,000 (Wicklow).
🔸$107,000 Local Range Low Prices and Support.
🔸$111,000 Midrange and High Capacity Nodes.
🔸$116,000 High range and resistant.We’re just playing ping pong between levels. One… pic.twitter.com/XsxoGxHzqR
— Daan Crypto Trades (@DaanCrypto) October 30, 2025
Cryptocurrencies also joined the US stock market following an additional 0.25% interest rate cut by the US Federal Reserve the previous day.
The US-China trade deal to avoid high tariffs from November 1, which was seen as this week’s macro catalyst, lacked certainty despite President Donald Trump’s hopeful comments.
In a post on Truth Social after his meeting with Chinese President Xi Jinping, President Trump said the two sides “agreed on many things.”
“I had a really great meeting with President Xi of China. There is a great deal of respect between our two countries, which will only increase with this event,” the post said.
“We agree on many points and are very close to a resolution on other points, even the more important ones.”
While the S&P 500 and Nasdaq Composite Index both started the day lower, gold rose to over $4,000 an ounce.
High liquidations have marked the cryptocurrency’s struggles as traders’ macro bets unravel. According to data from monitoring resource CoinGlass, at the time of writing, 24-hour liquidations amounted to more than $1.1 billion.
Bitcoin trader warns stock reversal is ‘coming’
There were various views from market participants regarding the outlook.
Related: Bitcoin spot trading volume tops $300 billion in October as traders signal a ‘healthy’ turnaround
Some, including trader CrypNuevo, saw Bitcoin repeating its “usual” behavior around the Fed’s interest rate meeting.
“There is nothing to worry about in terms of market structure or trends. Prices are reversing the new imbalance that occurred this evening,” he told X followers.
CrypNuevo noted that prices closed a recent weekend “gap” in the CME Group Bitcoin futures market.
Other perspectives were less relaxed. Trader Roman warned that BTC/USD has not been able to keep up with the stock price even during the rally, and a trend reversal could cause further price declines.
So, $SPX I think some sort of retrace/fix was done eventually. $BTC It’s down by a solid margin. Probably 20-30%.$BTC While the stock price has increased over 40%, the stock price has remained flat. The lack of power is very obvious.
It’s coming, everyone. pic.twitter.com/wYfTCN8m3l
— Roman (@Roman_Trading) October 30, 2025
CoinGlass has confirmed that October 2025 will be “red” for Bitcoin for the first time since 2018, with one business day left to turn the situation around.
As reported by Cointelegraph, the average increase in October since 2013 is 20%.
This article does not contain investment advice or recommendations. All investment and trading moves involve risk and readers should conduct their own research when making decisions.