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Bitcoin could drop to $10,000, nearing its steepest historical losses, linked to a possible S&P 500 decline.

Market News
17 Oct 2026
Tokenpost
View Source
Bearish
Bitcoin could drop to $10,000, nearing its steepest historical losses, linked to a possible S&P 500 decline.

Bitcoin potentially falling to $10,000 would mark a 92% drop from its previous high, close to its largest historical decline seen in 2011. Analysts compare this scenario to significant past Bitcoin drawdowns and link it to a possible 20% prolonged drop in the S&P 500. Recent Bitcoin ETF outflows do not confirm this price target but highlight market caution. This analysis suggests Bitcoin's price could be influenced by broader stock market trends going forward.

Bitcoin's potential 92% drop from its previous high approaches its worst historical drawdown. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 18, 2026 00:41 WIB: out of 50 priced major cryptocurrencies, 9 rose and 40 fell today. Notable movers include ALGO with a price of Rp1.983 and a 1-day change of -3.50%, COTI at Rp196 with -3.38%, and XTZ at Rp5.392 with -3.11%, with respective Pluang order activities showing varied buy and sell interest.

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