The cryptocurrency market is experiencing significant turbulence today, October 30, 2025, with total liquidations surpassing $825 million in the past 24 hours—primarily driven by long positions—as the overall market capitalization slips roughly 1.6-2% to around $3.8 trillion.
This aligns closely with reports of a “sell-the-news” reaction following the Federal Reserve’s recent 25-basis-point rate cut, where Chair Jerome Powell hinted it could be the last of 2025, dampening risk appetite despite initial optimism. Total Liquidated: $825.4 million, affecting over 163,000 traders 79%+ from long positions.
Bitcoin (BTC) Dominates Losses: $310.3 million in BTC long liquidations alone, with BTC dipping ~1.6% to ~$111,000. Ethereum (ETH) and Altcoins follow: ETH saw notable shorts, while altcoins like Solana (SOL) and XRP dropped sharply up to 10-15% intraday, contributing to broader cascades.
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Market Cap Impact: Down ~1.6% from recent highs, now hovering below $3.8T—fueled by excessive leverage, post-Fed uncertainty, and waning momentum around new ETF launches (e.g., Solana and Litecoin ETFs).
This event echoes the massive $19B liquidation crash earlier in October, triggered by U.S.-China tariff threats, which wiped out $500B+ in market value and marked the largest single-day wipeout in crypto history.
Today’s dip, while smaller, highlights ongoing fragility: over $28B liquidated across the month, with much of that capital unlikely to rotate back soon. Powell’s comments signaled a cautious Fed path, leading to profit-taking in risk assets like crypto.
High-leverage longs up to 100x on some platforms amplified the downside, creating forced selling loops. Despite ETF hype, retail FOMO post-FOMC turned to fear, with whales shorting aggressively (e.g., $59M in Hyperliquid bets).
Lingering effects from the mid-October crash have reduced short-term risk tolerance, per Kraken economists. BTC could test $105K if momentum sours; ETH eyes $3,800.
Options markets are pricing in more swings—hedging demand is surging. Upcoming U.S. elections or positive trade news could spark a rebound, but expect choppiness.
Solana (SOL) ETFs in late October 2025 mark a pivotal milestone for the ecosystem, building on the Bitcoin and Ethereum ETF successes by unlocking institutional capital and mainstream accessibility.
While the immediate price reaction has been muted—contributing to the broader crypto market’s 2% dip and $825M liquidation wave—the long-term outlook is strongly bullish, with projections for $3B+ in inflows and SOL price targets exceeding $300.
This “sell-the-news” dynamic echoes Ethereum’s ETF launch in 2024, where initial profit-taking gave way to sustained rallies.
Despite hype, SOL dipped 2-3.6% post-launch from ~$200 highs to $191, aligning with the overall market’s risk-off tilt from Fed signals and U.S.-China tensions. This erased early gains, with open interest in SOL perpetuals down 7% weekly due to profit-taking.
Whales accumulated stealthily pre-approval, but funding rates turned negative, signaling caution. Analysts estimate $3-6B in Year 1 for Solana ETFs alone 5% of BTC’s, 22% of ETH’s market cap scaling, with JPMorgan at $1.5B.
Staking ETFs like BSOL 82% staked via Helius Labs offer 7% yields, locking 5-10% more SOL supply and boosting network TVL currently $5B. Daily chart shows a golden cross; RSI oversold at 29.4. Support at $180-191; resistance at $210-220.
Broader Market Ripple: 92 crypto ETFs queued; approvals fast-tracked altcoins like XRP/HBAR. Solana’s commodity status SEC nod via Western Union stablecoin tie-up enhances legitimacy, potentially driving Q4 altcoin rally.
ETFs position Solana as a “revenue powerhouse” with yield-bearing exposure—unlike BTC/ETH products—appealing to allocation committees. Pre-launch, $4.1B sat in SOL ETPs; Hong Kong’s ETF adds global momentum.
Overall, the Solana ETF is a net positive, fueling long-term growth despite near-term chop. It’s not rocket fuel yet, but as one analyst noted, “staking changes everything for allocation committees.” With Bitcoin testing $105K support, a relief bounce could ignite SOL’s next leg up.
