crypto market crash bitcoin price explained: Is crypto market crashing? $1 trillion lost since October 6 – here’s what’s happening with Bitcoin
Crypto Market Has Lost More Than $1 Trillion Since October 6
After reaching a record value of over $4 trillion in October, the cryptocurrency market has faced increasing volatility, and Bitcoin in particular experienced its first red October period in seven years, according to the report.
First Red October Experience in Bitcoin Price in Seven Years
SynFutures CEO Rachel Lin told BeInCrypto: “Bitcoin’s first red October in seven years certainly attracted attention, but I view it as a healthy reset rather than a structural reversal. Markets needed to digest gains after a strong run for much of 2025, and now we’re seeing that come to an end.”
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BTC and Ethereum Reach Multi-Month Lows
According to BeInCrypto, the correction deepened in early November and major assets such as Bitcoin and Ethereum hit multi-month lows.
High Leverage Increases Crypto Market Losses
Kobeissi Letter wrote: “Crypto markets have officially erased over $1 TRILLION of market cap since October 6th. That means crypto adoption is still at record levels, deregulation is in full swing, and technology is advancing rapidly. But leverage is at unprecedented levels, which is amplifying market moves. As a result, when uncertainty sets in or technical momentum wanes, downside swings become stronger.” BeInCrypto. ALSO READ: Synopsys layoffs: Silicon Valley chip design giant to cut 2,800 jobs as turbulence spreads
$1.8 Billion Liquidated: Crypto Investors Hit Hard
The recent decline is further emphasized by liquidations, and Coinglass found that approximately 1.8 billion positions had been liquidated as of November 5, affecting 441,867 investors, BeInCrypto reported. According to the report, long positions accounted for approximately $1.38 billion of this total, while the largest single liquidation was an ETH-USD position worth $26.06 million on Hyperliquid.
Is Crypto Entering a Bear Market?
Some experts warn that this could be the beginning of a broader crypto bear market. Some, in particular, think that Bitcoin has officially entered bearish territory and the losses will continue.
“It’s now safe to say there’s a lot more pain to come. I feel extremely sorry for anyone holding crypto this week,” one market watcher wrote, as quoted by BeInCrypto.
Peter Schiff Predicts Staggering Crypto Losses
Critic Peter Schiff predicted “staggering” losses for crypto investors would potentially exceed those seen during the collapse of the dot-com bubble, according to the report. “But if this points to general risk aversion, watch out for the even bigger AI bubble bursting,” he also said, as quoted by BeInCrypto.
Shift in Bitcoin Ownership Could Worse Market Declines
Another concern described by CredibleCrypto is the shift in Bitcoin ownership: “For the first time, the majority of Bitcoin supply will be concentrated in the hands of a “new” group of owners who have not seen an 80% drop in Bitcoin (OGs have endured it at least 3 times already) and likely do not have the mental fortitude or belief to withstand such a drop. This will certainly contribute to our next bear market being the most destructive we have ever seen. BeInCrypto reports As reported, it has never been seen in the history of Bitcoin.
FAQ
How much value has the crypto market lost since October 6?
According to the BeInCrypto report, the market erased all gains in 2025 and lost over $1 trillion.
What did Peter Schiff say about crypto losses?
The BeInCrypto report warned that losses could be staggering and could potentially exceed the collapse of the dot-com bubble.
