Bitcoin and Ethereum recover after stock market crash

The crypto market is rebounding from one of its most turbulent weekends ever, with major digital assets regaining lost ground during the sudden liquidation wave that wiped out around $20 billion of open positions.

According to CryptoSlate According to the data, Bitcoin climbed more than 3% in 24 hours, trading around $115,342 after falling to $105,000 on October 10. Ethereum also recovered strongly, rising 9% to $4,180 after its weekend drop to near $3,500.

Among the top 10 digital assets, BNB led with a 16.85% jump to a new all-time high, while Dogecoin and Cardano each gained more than 10%. Tron, on the other hand, saw only a modest 2.5% increase, showing that the recovery remains uneven across the market.

More than 600 million dollars liquidated

Despite the price rebound, the crypto market still saw nearly 190,000 traders liquidate over the past 24 hours, with total losses exceeding $626 million. Notably, the largest liquidation involved an ETH-USD position worth $7 million on Binance.

According to CoinGlass data, short sellers absorbed most of the damage, losing about $418 million as prices reversed higher, while long traders lost another $207 million as volatility persisted.

However, Timothy Misir, head of research at the BRN, explained to CryptoSlate that the market rebound reflects a mix of short-selling covering and selective accumulation.

According to him:

“Large holders are buying opportunistically while many retail players stay on the sidelines. That said, the structural health of the market still depends on stable demand for spot, ETFs, Treasuries and corporate purchases and time for liquidity to normalize. A V-shaped recovery is possible; a sustainable rally requires repeated absorption of selling at progressively higher prices.”

Bear Signals

Meanwhile, Nick Forster, founder of options trading platform Derive.xyz, warned that volatility in Bitcoin and Ethereum options had increased following last week’s shocking market collapse.

According to him, this signals an expectation of volatility in the coming weeks, as recent sell-offs have disrupted normal volatility patterns and traders have started hedging aggressively.

As a result, Forster noted that some investors are starting to support the idea that Bitcoin could fall below $100,000, while ETH traders are more bearish, with “substantial buying of $2,600 puts for December.”

He said:

“In BTC options, we saw massive buying of $115,000 and $95,000 puts for the October 31 expiration, as well as a sharp reversal from call buying to selling at the $125,000 strike price (October 17 expiration), signaling a bearish near-term outlook… For ETH, traders focused on the $4,000 purchase prices of the October 31 and $3,6000 from October 17, although substantial. The purchase of $2,600 puts expiring December 26 reflects growing bearish sentiment through the end of the year.