All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- Swan Bitcoin CEO expressed concern that Bitcoin risks seeing more volatility in the short term.
- Market sentiments remain high; retail and institutional BTC investors scoop more coins.
Bitcoin (BTC) price dropped to a cycle low of $102,000 on Friday, October 10, 2025. Commenting on the latest price declines, Cory Klippsten, CEO of Swan Bitcoin, said the volatility may not be over.
Bitcoin Leads Crypto Market Liquidations
According to CoinGlass data, the crypto market experienced total liquidations amounting to $19.36 billion in the past 24 hours.
Within this timeframe, Bitcoin saw the highest liquidations, reaching $5.39 billion. Long BTC position holders saw more losses, with liquidations of $4.69 billion, while shorts took the remaining $701.87 million.
Speaking in a recent interview, Klippsten noted that Bitcoin may face more downtrends in the short term before it finds support and begins to decouple.
Note that BTC declined to $105,000 after U.S. President Donald Trump announced a 100% tariff on Chinese imports. As outlined in our recent blog post, the move from Trump is a reaction to China’s restrictions on rare earth mineral exports.
Klippsten emphasized that such macro dips usually wash out leveraged traders and weak hands. However, the CEO expects to see a bullish price rebound once the market becomes settled.
Meanwhile, this is not the first time the BTC price has experienced a sharp drop in response to Trump’s tariff announcement.
As noted in our earlier post, the Bitcoin price dropped to $84,000 in February after Trump announced a 25% tariff on European Union (EU) imports.
Months after, specifically in May, Trump recommended another 50% tariff on EU imports, beginning on June 1. Just hours after the announcement, the BTC price plummeted sharply, as featured in our coverage at the time.
Optimistic BTC Sentiments Remain
While the current state of the BTC market is a little depressing, the leading coin has seen improvement from its latest lows.
As of this writing, Bitcoin’s price was down by 7.55% but has recovered to $111,779, with the market cap pegged at $2.23 trillion. Market activity is also very high, as indicated by the surging trading volumes.
Over the past 24 hours, the trading volume surged by an outstanding 163% to $196.8 billion.
Another thing to note is that the spot BTC exchange-traded funds (ETFs) market has recorded consistent inflows in the past week.
As detailed in our last news piece, the spot BTC ETFs registered a nine-day streak of inflows. BlackRock Bitcoin ETF IBIT alone has accumulated $65 billion in net inflows and 802,197 BTC, and is approaching $100 billion in Assets Under Management (AUM).
These inflows into the spot ETF markets suggest institutional players are confident in the potential of Bitcoin. If institutional sentiments remain high, BTC is likely to see its price rebound soon.
In a previous article, Eric Trump even predicted Bitcoin would reach $1 million, citing supply shortage and institutional demand.
