Bitcoin held above $83,000 on Sunday, roughly 34% below its record high, as traders marked one year since a $19 billion liquidation event swept through crypto markets. Investing.com put the price at $83,062.80 as of 01:23 ET. The coin has failed to recover its 6 October 2025 peak of $126,080. The anniversary follows another volatile week in which bitcoin fell to $80,308 before recovering toward $83,000, a pattern that keeps leverage at the centre of the story.
The conditions behind the crash are still in place
On 10 October 2025, bitcoin plunged from about $122,000 to $105,000 after President Donald Trump announced sweeping tariffs on Chinese imports. The selloff triggered more than $19 billion of liquidations across the market and hit about 1.6 million trading accounts. Analysts cited by Investing.com warn that the conditions behind the crash remain largely intact, particularly the wide use of perpetual futures and heavily leveraged positions. Recent positioning data suggests about $3.3 billion of bitcoin short positions could face liquidation if prices climb toward $85,000, which could accelerate any recovery, though the same leverage cuts in both directions. Institutional demand has weakened at the margin, with U.S. spot Bitcoin ETFs recording more than $700 million of outflows over the past week, the worst five-day stretch since June before Friday's $21.1 million inflow. Broader crypto prices mostly edged lower early Sunday. The immediate test sits around $85,000, and the longer-term recovery depends on renewed demand and cleaner positioning rather than on the anniversary itself. For the week ahead, see the CPI and bank earnings calendar and ether's nine-day ETF outflow streak.