Bitcoin 
$111,489.43recovering from the sharp decline in the first hours of the new week, rose by 3 percent to $114,734. The largest cryptocurrency had fallen below $105,000 in the first hours between Friday and Saturday last week. Ethereum 
$3,828.34 It also compensated for its losses and rose by 8.5 percent to $4,132. It dropped to around $3,500 over the weekend. According to Coinglass data, more than 1.6 million investors were liquidated on Friday, while the total liquidation reached up to 19.1 billion dollars. cryptocurrency and geopolitical and trade issues were at the center of the sales wave in global markets.
Triggers of Panic Selling in the Markets
From research firm Presto Research Rick MaedaHe stated that the panic sales in the markets were not specific to cryptocurrencies, but were triggered by the shock of China’s export restrictions on rare earth elements and then Washington’s 100 percent tariff plan on technology imports from China. Falling liquidity conditions over the weekend accelerated chain liquidations of leveraged positions and quickly brought prices to staggering levels.
After the leverage was cleared, reaction buying came to the fore as automatic trading mechanisms and panic selling faded away. Maeda emphasized that the recovery was partly mechanical and that the waterfall effect stopped after the leverage was cleared. Pricing on tariff risks has also softened. polymarketThe probability that a 100 percent tariff will come into force by November 1, 2025 is only 17 percent. On the other hand, the trauma created by the record-sized liquidation may put pressure on risk appetite in the short term.
“Uptober” Claim: Will the Trend Last?
Kronos Research Investment Director Vincent LiuHe said that liquidity returned as the leverage reset in the market and the tariff news calmed down, and the atmosphere of panic was replaced by controlled risk taking. According to Liu, traders are watching the dollar index and tariff headlines along with trend lines for the persistence of the reaction movement.
CoinW Strategy Officer Nassar Achkarexpressing the rise specific to this month, stated that the Uptober narrative is maintained for now, and that the direction will become clear with institutional ETF inflows, the upcoming US CPI data and the Fed meeting. From LVRG Research Nick Ruck Intra-Blockchain data shows that whale accumulation is getting stronger, especially on the Ethereum side, and some are being driven to oversell. altcoinHe stated that technical indicators indicating bottom confirmation were formed in ‘s. Maeda reminded that although the trend was damaged, it was not derailed, but sensitivity to every new headline bomb on the US-China line increased.
