Crypto Market Seeks Bullish Spark Amid $85 Billion Loss

The crypto market has yet to recover from the largest liquidation event in its history, which occurred on October 10th, 2025. On that day, over $19 billion was wiped out.

Since then, the market has experienced highs and lows, sparking concern about whether bulls or bears have the upper hand. The current state of the market is at a turning point, with Bitcoin clearing the $65,000-resistance and several altcoins printing local highs.

The total capitalization of the market has shed roughly $85 billion since July 21st, which may be evidence of bearish positioning or profit-taking.

Investors are hesitant to step back in, with the Fear and Greed Index showing that investors are fearful, likely spooked by the prospect of another liquidation. The index currently has a reading of 35.