Bitcoin’s rapid swing from above $90,000 to $87,000 coincided with sharp declines in AI-related stocks, fueling over $190 million in crypto market liquidations.
Bitcoin briefly surged above $90,000 before reversing sharply to around $87,000 in early U.S. trading, now down 0.5% over 24 hours. The largest cryptocurrency’s volatility mirrored steep drops of 3%-6% in AI-focused stocks like Nvidia, Broadcom, and Oracle, dragging the Nasdaq more than 1% lower. The pullback was exacerbated by Blue Owl Capital’s withdrawal from funding a $10 billion Oracle data center. Crypto derivatives markets saw $190 million in liquidations within four hours, including $72 million in longs and $121 million in shorts. TeraHash’s Hunter Rogers attributed Bitcoin’s vulnerability to shrinking liquidity and stressed the importance of holding $80,000-$85,000 as support. GoPlus maintained $4.7 million revenue as of October 2025, with $2.5 million from its App and $1.7 million from the SafeToken Protocol, while its $GPS token reached $5 billion spot and $10 billion derivatives trading volume in 2025.