Bitcoin hit its weakest point against gold in three years after a sharp sell-off on 17 October 2025, driving the price close to the closely watched $100.000 level. Large-scale liquidations and outflows from Bitcoin ETFs amplified the downswing, pressuring funds that track the asset and intensifying risk signals across the crypto market.
Prices swung sharply throughout the session, with exchange data showing $1.19 billion in forced sales within twenty four hours. Money left Bitcoin ETFs, adding to the selling pressure, as the price slipped from about $112.000 to $103.300 for a one-day loss of more than five percent. The total crypto market value fell by around $146 billion (from $2.216 trillion to $2.07 trillion), while the Fear & Greed index dropped 49 points to its lowest mark since October 2024.
Chart watchers now focus on $106.912, $105.000 and the round number at $100.000. According to Myriad’s model, there is a 57 percent chance of touching $100.000 before a return to $120.000. If the price breaks below $100 000, the next chart target sits near $98.000. In response, product managers, custody banks and compliance officers are rechecking margin rules, liquidation triggers and client exposure against those levels.
Bitcoin and gold now move together more often, with their thirty day correlation rising to about 0.85; in October 2021 it was – 0.8, meaning the two assets now tend to rise and fall in step far more frequently.
Why it matters for Bitcoin
The mix of forced sales, ETF outflows and a tighter link with gold is pushing funds and token products to rethink risk controls, as diversification benefits shrink and asset values used by institutional products reset lower.
There is a 57 percent chance of testing $100.000 before a move back toward $120.000. $1.19 billion in liquidations is squeezing brokers as well as margin accounts. While the Bitcoin–gold link at 0.85 reduces the diversification benefit that some strategies rely on. The $146 billion market cap loss resets the asset figures used by institutional products.
The next few sessions hinge on whether $100.000 holds or gives way toward $98.000, or whether buyers drive a rebound toward $120.000. Either path will shape position sizes, margin calls and client notices, so teams should map steps for a possible drop to $98 000 or reset short-term risk limits now.
