Bitcoin's price dropped to an intraday low of $112,349 on October 28, marking a 1.8% decline as traders anticipated a Federal Reserve rate cut. The overall digital asset market saw a 2.23% decrease, bringing its total value to $3.78 trillion. In the past 24 hours, $552.27 million in positions were liquidated across 150,568 traders, with Ethereum and Bitcoin experiencing significant losses. Ethereum long positions lost $122 million, while Bitcoin longs saw $88.82 million in liquidations, according to Coinglass data.