The cryptocurrency market experienced over $700 million in leveraged liquidations on October 8, 2025, as major assets like Bitcoin and Ethereum faced significant pressure. This downturn affected more than 180,000 traders, with Bitcoin and Ethereum accounting for $160 million and $170 million in liquidations, respectively. The sell-off was driven by concerns over an AI bubble, weak tech stock performance, and U.S. government shutdown fears, which heightened regulatory uncertainty for crypto assets. Market sentiment remains cautious, with Bitcoin trading at $121,679, down 1.6%, and other major cryptocurrencies also experiencing declines. The volatility and macroeconomic uncertainty continue to weigh heavily on the market, prompting traders to remain vigilant.