The crypto market’s October slump just worsened, dropping by around 3%. Bitcoin slipped under $110,000 intraday and Ethereum fell below $3,900, dragging most altcoins into the red as a risk-off wave rippled across digital assets.

The drawdown follows one of the harshest months of the year. The market has erased roughly $370 billion in value, with as much as $19 billion in leveraged positions liquidated and $65 billion wiped from futures open interest, resetting activity to early-2025 levels.

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Institutional support thinned as spot Bitcoin ETFs posted about $1.23B in weekly net outflows, including $366M on Friday alone, removing a key buyer during sell pressure.

At the same time, a major AWS

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