Bitcoin Targets $108K Weekly Close Amid $200M Volatility

• Bitcoin saw $200 million in liquidations within 24 hours amid heightened volatility.
• The price neared $108,381, a critical level for sustaining the bull market range.

On October 19, 2025, Cointelegraph reported that Bitcoin experienced a significant surge in price volatility in the lead-up to a crucial weekly close. Thin order books and emotional trading were identified as key contributors to the volatility, which resulted in over $200 million in liquidations within a 24-hour period.

Shaky Market Eyes Key Level

Bitcoin’s price approached the critical level of $108,381, which analysts highlighted as essential for maintaining a historically significant demand area. A close above this threshold is considered important for sustaining Bitcoin’s current bull market range. Despite recent price fluctuations, the cryptocurrency reached a local high of $108,260 during the trading session.

Signs of Improving Market Sentiment

Market sentiment demonstrated a slight recovery, according to Cointelegraph. The Crypto Fear & Greed Index, which measures sentiment in the cryptocurrency market, rose to 29/100. This marked a seven-point increase from six-month lows and indicated a shift out of the "extreme fear" category.

Challenges Across the Broader Crypto Market

Meanwhile, the broader cryptocurrency market showed signs of weakness. The altcoin sector continued to significantly underperform, with a basket of the top 50 altcoin futures on Binance trading below post-FTX crash levels from 2022. This ongoing underperformance has been a drag on overall market sentiment.

As of October 19, 2025, 15:08 UTC, Bitcoin (BTC) is trading at $108,501.30, with a 1.25% increase in the past 24 hours, according to CoinMarketCap.