BTC price drops to $105,000
Bitcoin and the broader crypto market continue to decline amid massive liquidations, primarily of long positions. At press time, the price of Bitcoin is approaching $105,000, accompanied by a sharp increase in trading activity. Over the past 24 hours, liquidations have exceeded $1 billion, of which approximately $800 million were long positions.
Cryptocurrency funds see $3.17 billion in inflow
From October 4 to 10, $3.17 billion flowed into crypto investment products, according to CoinShares. Donald Trump's announcement of 100% tariffs on Chinese imports had no significant impact—on October 10, outflows totaled $159 million.
Year-to-date, inflows have reached $48.67 billion, exceeding the total for all of 2024 ($48.56 billion). Trading activity has grown to $53 billion, double the annual average. Due to the tariff news, total assets under management fell by 7% to $242 billion.
Bitcoin remains the leader: $2.67 billion for the week and $30.2 billion year-to-date. On October 10, BTC fund trading volumes exceeded $10.4 billion, while the price fell from $121,000 to $116,000. Ethereum-based products attracted $338 million, although they saw an outflow of $172 million on the day of the correction.
Solana- and XRP-based instruments received $93.3 million and $61.6 million, respectively, despite expectations of the launch of spot ETFs. The majority of investments came from the United States ($3 billion), followed by Switzerland ($132 million), Germany ($53 million), Australia ($9.9 million), and Canada ($3.8 million).
Ethereum tests Fusaka upgrade on Sepolia
On October 14, a test version of a major Ethereum upgrade called Fusaka was successfully activated on the Sepolia testnet, according to The Daily Gwei contributor sassal.eth. According to developer abcoathup.eth, the process took about 20 minutes.
The next step is the upgrade's launch on the Hoodi network, scheduled for October 28. The Ethereum mainnet is expected to launch on December 3. Fusaka's main goal is to improve the protocol's scalability and efficiency. A key innovation is the implementation of PeerDAS (EIP-7594), which is expected to double the network's throughput.
BNB network breaks records, reaching 3.46 million active users
On October 13, the number of active users on the BNB Chain network reached a record 3.46 million, and the BNB token hit a new all-time high. The previous peak of 3.44 million was recorded in December 2023. Activity has now dropped to 3.1 million users.
Over the past 30 days, more than 500 million transactions have been processed on the network—a 151% increase compared to the previous period. In this metric, BNB Chain is second only to Solana (1.8 billion). This increase in activity coincided with a market recovery from the October 11 crash triggered by Donald Trump's announcement of 100% tariffs on Chinese goods.
However, technical indicators are signaling a possible correction. The weekly RSI fell from 81 to 71, remaining in the overbought zone. Previously, such levels preceded declines: by 70% in 2021 and by 44% in July 2024.
Ethereum attracted over 16,000 new developers in 2025
Since the beginning of 2025, 16,181 new developers have joined the Ethereum ecosystem, the Ethereum Foundation reported, citing data from Electric Capital. This is the best result in the industry. Solana (11,534) and Bitcoin (7,494) follow. Polygon (3,681) and Stacks (3,246) round out the top five.
Ethereum remains the leader in the number of active developers, with 31,869, almost double Solana's 17,708. The network remains the largest ecosystem in the industry, powering dozens of Layer 2 solutions. According to L2Beat, $52.94 billion is locked in Layer 2 networks, a 28.8% increase year-over-year. Arbitrum, Base, and Optimism lead the way. Ethereum also remains the center of the DeFi sector, with a combined TVL exceeding $87.2 billion.
Whales sold 17,500 BTC
On October 16, Bitcoin fell below $105,000, losing 12% from its recent all-time high. According to The Block, the correction was driven by selling by large holders, trade tensions between the US and China, and rising demand for put options. This occurred amid a record $19 billion in liquidations over the weekend.
Large investors sold approximately 17,500 BTC, although their net purchases since the beginning of the year amounted to more than 318,000 BTC. According to analyst Misir, this is more of an asset rotation than an exit from the market. Put option volume rose to $1.15 billion (28% of all trades), while call option interest is concentrated in the $115,000–$130,000 range. Bitcoin's decline led to a decline in the entire market: market capitalization fell to $3.8 trillion, and the Fear and Greed Index fell to 28, reflecting growing investor concerns.
