The U.S. Bureau of Economic Analysis (BEA) published its gross domestic product (GDP) estimate for the third quarter on Tuesday, and the numbers surprised economists. Experts predicted a 3.2% growth rate, but the BEA revealed a 4.3% increase, more than a full percentage point higher than expected. Stocks rose, but bitcoin, counterintuitively, shed 2%, triggering more than $100 million in long liquidations, although that figure eventually dropped to about $73 million, Coinglass data shows.
(U.S. GDP for Q3 2025 grew by 4.3% versus the 3.2% projected by economists. / U.S. Bureau of Economic Analysis)
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Tuesday’s report was long overdue and almost two months late. The original publishing date was October 30, but the government shutdown caused delays in data collection and processing. The somewhat stale data resulted in a relatively muted market reaction but nevertheless provided insights into key economic drivers. Consumer spending, exports, and government expenditures led the increase, although a drop in domestic investment partially offset the gains.
“Q3 GDP came in at 4.3%, BLOWING PAST expectations of 3.2%,” U.S. President Donald Trump wrote on Truth Social. “60 of 61 Bloomberg Economists got it WRONG, but ‘TRUMP,’ and some other Geniuses, got it right.”
But despite the record growth, which was the highest in two years, bitcoin retreated. And while economists were pleasantly surprised by hotter-than-anticipated expansion, bitcoin derivatives traders were caught off guard by the cryptocurrency’s 2% drop, resulting in another day of widespread margin liquidations for the bulls.
“In the old days, when there was good news, the Market went up,” Trump wrote in a separate post. “Nowadays, when there is good news, the Market goes down, because everybody thinks that Interest Rates will be immediately lifted to take care of ‘potential’ Inflation.”
The president was referring to the stock market, which reacted positively to the GDP report, albeit without rallying. But he might as well have been describing bitcoin’s price action, which has confounded pundits ever since the October liquidation event.
Bitcoin was trading at $87,671.92 at the time of writing, down 1% for the day but up 0.22% for the week, based on Coinmarketcap data. The digital asset’s price fluctuated between $86,606.97 and $88,898.39 in the last 24 hours.
( BTC price / Trading View)
Daily trading volume climbed 23.05% to $43.39 billion, and market capitalization changed little, hovering around $1.75 trillion. Bitcoin dominance rose 0.34% to 59.79% as competing alts suffered steeper losses.
( BTC dominance / Trading View)
Total bitcoin futures open interest eased 0.78% to $58.62 billion, according to Coinglass. Total liquidations reached $88.37 million, with long investors taking the brunt of today’s price dip and losing $73.45 million in the last 24 hours. Short sellers recorded $14.92 million in liquidated margin.
- Why did bitcoin fall despite strong U.S. GDP growth?
Bitcoin dropped 2% as traders reacted cautiously to delayed GDP data and ongoing liquidation pressure, even as stocks rose. - How strong was U.S. economic growth in Q3?
S. GDP grew 4.3% in the third quarter, beating expectations of 3.2%, driven by consumer spending and government outlays. - Did the government shutdown affect market reactions?
Yes, the nearly two-month delay made the GDP data feel stale, muting its impact on markets. - What happened in bitcoin derivatives markets?
The selloff triggered roughly $73 million in long liquidations, showing traders were caught off guard by the move.
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