Nov 4, 2025
20 0
Bitcoin Price Drops Below $100K Amid $1.3B Crypto Liquidations
On November 4, 2025, Bitcoin fell below $100,000 for the first time in three months, marking a 6% drop. This decline extends Bitcoin's losses to 20% from its October high of $124,500.
- Total crypto market liquidations reached $1.3 billion, with Bitcoin accounting for $445 million.
- Bitcoin whale investors continue large sell-offs, worsening the price decline.
Sequans Communications reduced its convertible debt by selling 970 BTC, worth approximately $94.5 million, decreasing its debt-to-NAV ratio from 55% to 39%.
Reasons Behind Bitcoin's Price Decline
- Global markets experienced a risk-off sentiment due to US Supreme Court hearings on tariff enforcement.
- Wall Street executives predict a potential 10% correction in equity markets.
- US spot Bitcoin ETFs saw continuous outflows, with $187 million withdrawn on November 3, 2025.
Technical Analysis and Future Outlook
- Bitcoin trades near $101,290, down 3.15%. Keltner Channel bands indicate heightened volatility.
- The MACD indicator shows ongoing bearish momentum, with a negative volume delta confirming sell orders outweigh buying interest.
- If Bitcoin drops below $100,000, it risks further declines to support zones at $98,000 and $96,500.
- A rebound above $108,919 could target $114,500 if market conditions improve.
Currently, Bitcoin is technically oversold but remains vulnerable to macroeconomic factors, with a 60.67% trading profitability rate. Traders should watch for liquidation clusters around $98K for potential relief rallies.