The global crypto market stabilized over the last 24 hours, rebounding from a mass liquidation event on October 11. On Friday, the crypto market reeled from a monumental sell-off after US President Trump announced sweeping 100% tariffs on Chinese tech exports and export restrictions on software, triggering a cascade of liquidations across digital assets. Bitcoin plunged from over $125,000 to as low as $104,000 in a single session, marking one of the sharpest one-day declines ever recorded. As of 9:45 a.m., 13 October, Bitcoin is changing hands at $114,851.
The crypto market rebounded after both Washington and Beijing made statements over the weekend to calm trade tensions. While BTC recovered, altcoins such as ETH, DOGE, BNB, Solana, Cardano, and Chainlink also made gains, pushing the global crypto market cap to $3.89T.
Earlier, nearly $19 billion in leveraged positions were liquidated, forcing over 1.6 million trades to unwind at once and exacerbating the crash. The decline rippled through the entire crypto landscape, Ethereum, XRP, Solana, and other top names each shed their previous gains as panic gripped markets.
Even technical recovery attempts were stifled. While Bitcoin later tried to regain ground, relative strength indicators showed deep oversold conditions but also signs of negative divergence, hinting that prior bullish momentum had already been eroded by the shock event. On many daily and weekly charts, resistance at the EMA-50 acted as a ceiling, blocking progress on the rebound.
Key levels to watch:
- Support: $100,000 – $108,000
- Resistance: $115,000 – $120,000
If Bitcoin can re-establish support above $108K and rebuild demand, a stabilization phase is possible. However, if selling pressure continues and flow reversals persist — especially in ETF inflows or institutional backing — further downside toward the mid-5-figure range cannot be ruled out.
In short, the crypto market entered a brutal reset on 13 October. Today’s moves may set the tone for whether this is a short-lived purge or the start of a deeper correction.
What to watch
- ETF flows: Watch for signs of stabilization or renewed inflows into spot Bitcoin ETFs. Continued outflows could deepen the correction.
- Macro developments: Any de-escalation in U.S.-China tensions or dovish Fed comments could help ease risk aversion.
- On-chain health: Active address growth and rising transfer volumes would hint at recovery momentum.
- Altcoin rotation: If capital rotates back into majors like ETH and SOL, sentiment may normalize faster.
Outlook
The market remains fragile after one of the largest liquidation events in history. While oversold signals suggest a technical rebound is possible, sustained recovery depends on calming geopolitical tensions and renewed institutional demand. Until then, volatility and cautious positioning are likely to dominate the week.
Top gainers
Date: 13 Oct. 2025, 9:45 a.m.
Top losers
