Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
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
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.

0

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

AAVE Rises 4.85% Following $50M Buyback and $35B TVL: Will Chainlink ACE Prevent Further Decline?

- Aave's AAVE token rose 4.85% in 24 hours amid a $50M annual buyback program and $35B TVL, despite 13.66% monthly declines. - The protocol generated $98. 3M in fees and $12.6M revenue last month, supporting its position as a stable DeFi platform with strong liquidity. - Technical analysis identifies $150–$160 as a potential floor, with bullish targets at $240–$538 by year-end if key trendlines hold. - A backtesting strategy using historical data aims to validate the buyback's price-stabilizing impact amid

Bitget-RWA2025/11/05 07:46

MSX Connects Conventional and Blockchain Financial Systems through Incentives Prioritizing Liquidity

- MSX launches S1 Points Season with M Bean incentive mechanism to boost user engagement and liquidity via blockchain-based rewards. - Non-lockup model allows users to earn rewards through trading, staking, and governance, mirroring MEXC's high-yield airdrop strategies. - Platform integrates on-chain data partnerships (e.g., Tradeweb-Chainlink) to provide institutional-grade transparency in tokenized finance. - Analysts highlight need for sustained utility and adaptive tokenomics to maintain value, leverag

Bitget-RWA2025/11/05 07:36
MSX Connects Conventional and Blockchain Financial Systems through Incentives Prioritizing Liquidity

Semiconductor Industry Instability Challenges the Community-Based Resilience of Pi

- Pi Network stabilizes at key support level amid mixed tech sector signals, influenced by semiconductor earnings and capital shifts between traditional/digital assets. - Analog semiconductors show divergent performance: onsemi (-15.4% YoY) and Himax (-10.4%) decline, while MACOM jumps 32.3% on network chip demand. - Whale liquidity injections and resilient retail demand (social media growth) support Pi, mirroring micro-cap stock trends like Wasatch Fund's 9.52% Q3 return. - Macroeconomic risks (inventory

Bitget-RWA2025/11/05 07:36
Semiconductor Industry Instability Challenges the Community-Based Resilience of Pi

Bitcoin News Update: Bitcoin’s $125,000 Bet: Robust Profits Face Uncertain Job Market

- Bitcoin's $125,000 year-end target faces skepticism as on-chain data shows key resistance levels and fragile STH support at $113,000. - MVRV ratios suggest higher potential ($160K–$200K) if Bitcoin sustains momentum above $113,000, aligning with historical bull cycle patterns. - Strong corporate earnings (S&P 500 +10.7% YoY) contrast with stagnant job markets and AI-driven layoffs, creating mixed macroeconomic signals. - Government shutdown delays critical economic data, heightening uncertainty around in

Bitget-RWA2025/11/05 07:20
Bitcoin News Update: Bitcoin’s $125,000 Bet: Robust Profits Face Uncertain Job Market