“I sold everything”: the price of bitcoin falls below $80,000 in a “tense” geopolitical context
For the second time in a few days, bitcoin fell below $80,000. Its price is upset by investor uncertainty while several central bank decisions are expected this week.
New period of turbulence for bitcoin. Saturday October 24, the queen of cryptocurrencies fell below the symbolic threshold of 80,000 dollars, trading at its lowest at 79.
325 dollars on CoinMarketCap. While the asset had briefly recovered, it fell again this Tuesday, October 27, trading around 79,650 dollars still on CoinMarketCap.
Over the past week, bitcoin has lost 2.5% of its value and 6% over one month. The crypto market is also upset: ether, the second most capitalized crypto on the market, lost 3.5% over one week. For its part, solana, the seventh largest crypto in terms of capitalization, suffered a loss of more than 4.5% over one week.
According to the specialized site CoinGlass, liquidations of long positions on cryptocurrencies affected 63,916 traders over the last 24 hours, with a total of $133 million liquidated. The largest liquidation took place on the decentralized exchange Hyperliquid on the BTC-USD pair, for $1.85 million.
This week, several meetings are expected, with decisions from the US Federal Reserve (Fed), the European Central Bank (ECB) and the Bank of Japan. Investors expect announcements of restrictive policies, having an impact on risky assets. In this context, some have already sought to get rid of their bitcoins.
“I sold everything” “I sold everything,” co-founder of the BitMEX platform Arthur Hayes told X about his positions at Maelstrom, his family office. However, he specifies having taken “profits” on three cryptocurrencies ether, ethena and uni. “I think you have to go down to come up.
The macroeconomic and geopolitical situation is rather tense", according to the latter. Investors' fear is illustrated in particular in the market for bitcoin spot ETFs, these financial products traded on Wall Street which allow exposure to the queen of cryptos without going through a crypto exchange. The negotiations of these products have proven their influence on the price of bitcoin: if investors get rid of it, this can have a downward impact on its price.
Last Thursday, for example, investors sold more than $635 million in spot bitcoin ETFs. This is the largest daily sale since the end of June. As a reminder, on January 10, 2024, the American stock market watchdog (the SEC) authorized 11 spot bitcoin ETFs on Wall Street.
An ETF (or Exchange Traded Funds) is an index fund trading on a stock exchange which follows the evolution of a stock market index (or one or more financial or physical assets, such as gold) by replicating the rise or fall in the price of this index (or these assets). Since its historic high of $126,000 in October 2025, bitcoin has lost 36% of its value.
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