Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Markets>
Bitcoin Bloodbath: BTC Price Plunges Below $100K as Whales Vanish and Traders Brace for More Selloff

Bitcoin Bloodbath: BTC Price Plunges Below $100K as Whales Vanish and Traders Brace for More Selloff

Coinpedia2025/11/05 05:36
By: Coinpedia
BTC+2.22%SOL+3.99%ETH+4.23%
Story Highlights

Bitcoin (BTC) has teased the potential onset of its bear market after dropping to a four-month low. The flagship coin dropped over 5% on Tuesday, November 4, to reach a range low of around $99,955 before rebounding to trade about $101k at press time.

The sudden Bitcoin price selloff influenced the wider altcoin market led by Ethereum (ETH), XRP, BNB, and Solana (SOL). As such, the total crypto market cap has shed nearly $400 billion in valuation during the past 24 hours.

According to on-chain data analysis, Bitcoin whales have accelerated booking profits in the recent past while retail traders have continuously bought the dips. Bitcoin wallets with a balance of between 10 and 10k sold nearly 38.4k BTCs since October 12 to date.

Bitcoin Bloodbath: BTC Price Plunges Below $100K as Whales Vanish and Traders Brace for More Selloff image 0 Bitcoin Bloodbath: BTC Price Plunges Below $100K as Whales Vanish and Traders Brace for More Selloff image 1

Source: Santiment

Meanwhile, retail traders, with a balance of above 0.01 BTCs have accumulated 415 coins since October 12. 

“Bulls need to see this trend completely flip in order to expect a sustained price rebound for all of crypto. Markets rise when key stakeholders accumulate the coins that small wallets shed,” Santiment noted.

Following the ongoing crypto bloodbath , more than $1.1 billion was liquidated from leveraged traders. Notably, around $1.01 billion involved long traders, thus fueling the impact of a long squeeze.

Following the sustained choppy crypto market, CoinMarketCap’s Fear and Greed index dropped to around 27/100, signaling extreme traders’ fear.

Bitcoin Bloodbath: BTC Price Plunges Below $100K as Whales Vanish and Traders Brace for More Selloff image 2 Bitcoin Bloodbath: BTC Price Plunges Below $100K as Whales Vanish and Traders Brace for More Selloff image 3

The fear of further capitulation is heavily rooted in the fact that the Bitcoin CME Futures has an unfilled gap between $92k and $93k.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

MOVA's Debut Confirms the Existence of a Regulatory-Compliant and Scalable DeFi Framework

- MovaChain (MOVA) token surged 370% on November 5, 2025, reflecting strong market confidence in its DeFi infrastructure. - The platform's modular blockchain achieves 110,547 TPS and sub-1.5-second finality, supporting institutional-grade financial applications. - A $100M funding round led by Aqua1 and GeoNova Capital fuels global node deployment and cross-border settlement development. - MOVA plans to integrate regional settlement networks and expand USD1-based trading, emphasizing compliant, sustainable

Bitget-RWA2025/11/05 16:12
BCH Value Drops by 0.13% as Broader Downward Trend Persists Over the Past Week and Month

- Bitcoin Cash (BCH) fell 0.13% in 24 hours, with 10.39% drops over 7 days and 30 days, contrasting a 10.36% annual gain. - Analysts warn of prolonged bearish pressure but note the decline reflects cyclical adjustments rather than structural issues. - Technical indicators show range-bound trading, with the 200-day moving average acting as key support amid flat RSI readings. - Absence of regulatory risks or major news suggests broader market sentiment, not fundamentals, drives BCH's volatility.

Bitget-RWA2025/11/05 16:12

Trending news

More
1
MOVA's Debut Confirms the Existence of a Regulatory-Compliant and Scalable DeFi Framework
2
BCH Value Drops by 0.13% as Broader Downward Trend Persists Over the Past Week and Month

Crypto prices

More
Bitcoin
Bitcoin
BTC
$103,980.6
+1.48%
Ethereum
Ethereum
ETH
$3,426.64
-0.51%
Tether USDt
Tether USDt
USDT
$0.9998
-0.00%
XRP
XRP
XRP
$2.28
+1.77%
BNB
BNB
BNB
$965.59
+3.59%
Solana
Solana
SOL
$161.51
+1.80%
USDC
USDC
USDC
$1.0000
-0.05%
TRON
TRON
TRX
$0.2878
+2.20%
Dogecoin
Dogecoin
DOGE
$0.1675
+4.41%
Cardano
Cardano
ADA
$0.5477
+3.13%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter