Key Notes
- Bitcoin, Ether and Solana crossed their reported thresholds on October 24, while XRP was already below $1.30.
- Bitcoin and Solana later recovered $80,000 and $100, while the latest prices remain timestamped snapshots.
- CoinGlass showed about $725.64 million in rolling 24-hour liquidations at 20:28 UTC, mostly long positions.
Bitcoin fell below $80,000 during a broad crypto selloff on Saturday, October 24, while Solana broke $100, Ether dropped through $2,350 and XRP extended losses below $1.30. Prices later recovered part of the decline, leaving a different picture from the session’s sharpest selling.
At 20:31 UTC, Coinbase’s dollar markets put Bitcoin at $80,429.40 and Solana at $101.36, back above their respective thresholds. Ether was $2,341.18 and XRP $1.2900, still below $2,350 and $1.30 respectively.
Today’s Lows and the Latest Prices
Coinbase’s hourly candles show Bitcoin reaching $79,107, Ether $2,275.94, Solana $98.51 and XRP $1.2530. All four lows occurred during the 15:00 UTC hour, although the hourly data do not identify the precise minute of each trade. XRP was already below $1.30 at the start of the UTC day and remained below it throughout the period checked.
| Asset | Latest Price | 24-Hour Change | October 24 Low |
|---|---|---|---|
| Bitcoin (BTC) | $80,429.40 | -1.08% | $79,107.00 |
| Ether (ETH) | $2,341.18 | -2.40% | $2,275.94 |
| Solana (SOL) | $101.36 | -2.34% | $98.51 |
| XRP | $1.2900 | -1.27% | $1.2530 |
Source: Coinbase Exchange market data, checked at 20:31 UTC on October 24. All four pairs are quoted in US dollars. Lows cover the UTC calendar day up to the observation time; percentage changes compare the latest price with each market’s rolling 24-hour opening reference, rather than midnight.
The distinction matters for the headline levels: BTC and SOL had breached $80,000 and $100, but were no longer trading below them in this snapshot. These are Coinbase prices, not a claim that every exchange printed an identical low.
Long Traders Bear the Selloff
At 20:28 UTC, CoinGlass showed approximately $725.64 million in liquidations over the preceding 24 hours. Long positions accounted for about $641.49 million, or 88.4%, against $84.14 million in shorts.
The earlier selling was more concentrated. The Block reported $436.44 million in liquidations during the four hours ending at 17:00 UTC, including $404.15 million in longs, citing CoinGlass.
A liquidation is the forced closure of a leveraged position when its remaining collateral cannot support it. The figures measure closed positions, rather than an equivalent amount stolen or withdrawn from spot exchanges.
By the later CoinGlass check, the most recent four-hour window showed $30.13 million in liquidations, with shorts accounting for $27.78 million. That change illustrates how a rebound can punish bearish positions after a decline has flushed out leveraged buyers. The rolling windows overlap and should not be added together.
ETF Withdrawals Form the Backdrop
The Block’s report also cited SoSoValue data showing US spot Bitcoin ETF outflows of $635.49 million on Thursday and $137.94 million on Friday. Those withdrawals followed three positive sessions, leaving the full week with $304.73 million in net inflows.
CoinScreamer’s October 21 report covered the earlier inflow streak. The later redemptions weakened that picture, but the completed US trading-session figures should not be presented as ETF money leaving during Saturday’s selloff.
Hayes Steps Aside as Volatility Persists
Earlier Saturday, Arthur Hayes said Maelstrom had closed its directional trading portfolio and taken profits on ETH, ENA, UNI and other tokens. Our Hayes report details his concern about macroeconomic and geopolitical risks and his decision to wait for clearer conditions.
His disclosure describes one investor’s positioning. It does not establish that his sales caused the wider market move or that he sold every asset held by himself or Maelstrom.
Bitcoin also broke $80,000 and recovered during the separate October 15 session. Saturday brought another test of that threshold, with the latest prices showing a partial recovery rather than an uninterrupted decline. The UTC trading day was still open at the time of this update.
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