The post Crypto slump worsens as Bitcoin slips amid a broad market sell-off appeared on BitcoinEthereumNews.com. The crypto market’s October slump has worsened, with a 3 percent drop. Bitcoin slipped below 110,000 dollars and Ethereum fell below $3,900. The market has lost roughly $370 billion in value this month alone. The cryptocurrency market’s brutal October slump has worsened, with a fresh 3 percent drop sending Bitcoin below the key $110,000 level and dragging most major altcoins deep into the red. The broad-based drawdown is the latest chapter in one of the harshest months of the year for the digital asset space, as a potent combination of thinning institutional support, technical disruptions, and simmering macroeconomic tensions creates a powerful “risk-off” wave. The scale of the recent carnage is immense. The market has now erased roughly $370 billion in value this month alone, with as much as $19 billion in leveraged positions being liquidated. Futures open interest has also been decimated, with 65 billion dollars wiped out, resetting market activity to the levels of early 2025. Institutional support thins as ETF outflows accelerate A key driver of the recent weakness has been a dramatic and worrying reversal in institutional sentiment. After months of powerful inflows, spot Bitcoin ETFs have become a source of intense selling pressure, posting a staggering $1.23 billion in weekly net outflows. This included a massive $366 million outflow on Friday alone, a move that removed a critical layer of buying support from an already fragile market. A perfect storm: an AWS outage and a SpaceX scare This fundamental weakness was compounded by a perfect storm of technical and psychological blows. A major outage at Amazon Web Services (AWS) disrupted access to a number of leading crypto venues, including the US giant Coinbase and several DeFi front-ends. The disruption widened spreads and accelerated forced liquidations, with over $240 million in long positions being wiped out in just 24 hours, a move that… The post Crypto slump worsens as Bitcoin slips amid a broad market sell-off appeared on BitcoinEthereumNews.com. The crypto market’s October slump has worsened, with a 3 percent drop. Bitcoin slipped below 110,000 dollars and Ethereum fell below $3,900. The market has lost roughly $370 billion in value this month alone. The cryptocurrency market’s brutal October slump has worsened, with a fresh 3 percent drop sending Bitcoin below the key $110,000 level and dragging most major altcoins deep into the red. The broad-based drawdown is the latest chapter in one of the harshest months of the year for the digital asset space, as a potent combination of thinning institutional support, technical disruptions, and simmering macroeconomic tensions creates a powerful “risk-off” wave. The scale of the recent carnage is immense. The market has now erased roughly $370 billion in value this month alone, with as much as $19 billion in leveraged positions being liquidated. Futures open interest has also been decimated, with 65 billion dollars wiped out, resetting market activity to the levels of early 2025. Institutional support thins as ETF outflows accelerate A key driver of the recent weakness has been a dramatic and worrying reversal in institutional sentiment. After months of powerful inflows, spot Bitcoin ETFs have become a source of intense selling pressure, posting a staggering $1.23 billion in weekly net outflows. This included a massive $366 million outflow on Friday alone, a move that removed a critical layer of buying support from an already fragile market. A perfect storm: an AWS outage and a SpaceX scare This fundamental weakness was compounded by a perfect storm of technical and psychological blows. A major outage at Amazon Web Services (AWS) disrupted access to a number of leading crypto venues, including the US giant Coinbase and several DeFi front-ends. The disruption widened spreads and accelerated forced liquidations, with over $240 million in long positions being wiped out in just 24 hours, a move that…