Bitcoin Dips Below $108,000 as U.S. Banking Concerns Weigh on Markets; Analysts See Possible Bounce If Risks Subside

Publication date: October 17, 2025 — Updated: October 17, 2025

• Bitcoin nears a critical psychological level around 100,000 and traders prepare for a potential bounce if liquidity improves.

• Altcoins lead the downside, with several tokens down more than 10% as risk appetite contracts.

• Liquidation activity in perpetual futures highlights rising short-term risk and hedging pressure amid continued market volatility.

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Bitcoin price action under risk-off pressure, outlining key support near 100k and the outlook for altcoins—expert commentary from COINOTAG.

What is the Bitcoin price action amid the US regional bank turmoil?

Bitcoin price action today reflects a macro-driven risk-off backdrop as investors evaluate the resilience of the U.S. regional banking sector and broader credit markets. The asset trades around 108,000 dollars, having touched intraday lows and faced liquidations in perpetual futures totaling roughly 147 million, according to market data provider Coinglass. This dynamic underscores heightened hedging and caution among traders, with a closer watch on the 100,000 threshold regarded as a key support zone by many analysts. In this environment, Bitcoin’s price trajectory remains highly correlated with macro headlines and policy expectations, rather than purely on crypto-specific developments.

How does liquidity and macro data shape risk management for crypto traders?

Traders emphasize risk controls in a volatile regime. With escalating liquidity strains and a possible government shutdown impact on economic data, participants are prioritizing position sizing, stop losses, and hedges. Analysts note that a favorable turn in macro indicators or a resolution of US policy gridlock could provide a short-term lift, while any renewed stress could drive further declines. Notably, bitcoin’s correlation with traditional markets remains a driver of near-term moves, underscoring the importance of monitoring non-crypto indicators alongside on-chain signals. Simon Peters, Crypto Analyst at eToro, said: “If concerns in the US regional banking sector remain isolated and do not escalate into systemic risk, we could see a bounce as investors take the opportunity to buy the dip. An end to the government shutdown and the release of some favourable US economic data could also provide a short-term tailwind to prices.”

Frequently Asked Questions

What caused Bitcoin to slip below the 108,000 level?

The move below 108,000 followed a broader risk-off shift tied to concerns over the U.S. regional banking sector and tighter credit conditions. Liquidity constraints and liquidations in perpetual futures intensified selling pressure, while macro headlines kept traders cautious about near-term downside risk.

Is a move back above 100k likely in the near term?

Analysts suggest that a recovery would depend on macro data and policy outcomes; if U.S. data surprises positively and risk sentiment improves, a move above 100k could occur, yet a renewed risk-off catalyst would keep the path choppy. The pace will hinge on liquidity and investor risk appetite.

Key Takeaways

• Risk-off dynamics dominate crypto markets: Macroeconomic uncertainty and bank stress are keeping traders cautious.
• Key support near 100,000 remains focal: A breach or hold will influence near-term direction and altcoin performance.
• Liquidity and hedging demand are elevated: Perpetual futures liquidations and hedging activity signal ongoing risk premia.

Conclusion

In summary, Bitcoin price action today reflects a macro-driven risk-off environment, with focus on the 100,000 support and macro data. While a bounce is possible, sustained gains will require improved liquidity and positive policy signals; COINOTAG will continue to monitor the situation and report updates as markets evolve.

Media contacts: [email protected]

Authored by COINOTAG, en.coinotag.com