The world’s largest cryptocurrency has plunged below the crucial $100,000 mark for the first time since June 2025, triggering more than $1.8 billion in liquidations. Meanwhile Cryptoquant’s head of research Julio Moreno warns that Bitcoin could drop to as low as $72,000 within the next one to two months. Bitcoin Price Crash Below $100K Level …
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Bitcoin endured one of its sharpest selloffs of the year on Tuesday, knifing below the six-figure threshold and printing lows around the $99,000 area on major composites before rebounding. At press time, bitcoin (BTC) hovered near $101,700 after an intraday trough just above $99,000 on widely used benchmarks, marking a fall of roughly 6% day-over-day and the lowest print since June. The slide came as US equities limped into mid-week, with the Nasdaq up 20.9% year-to-date and the S&P 500 up 15.1% as of Tuesday’s close—gains that underscore how much bitcoin has lagged other risk assets during long stretches of 2025. That divergence, together with a growing body of ETF-flow data showing several straight sessions of net outflows from US spot bitcoin funds into early November, provided the macro backdrop for a fragile crypto tape. Independent tallies from Farside/SoSoValue and multiple outlets point to a roughly $1.3–$1.4 billion cumulative bleed over four trading days into November 3–4, led by BlackRock’s IBIT. Why Is Bitcoin Price Down? Into that context, Joe Consorti—Head of Growth at Horizon (Theya, YC)—argues the selloff is less a loss of conviction than a structural handoff of supply. In a video analysis posted late November 4 US time, he framed the day’s move as “one of its roughest days of the year, down more than 6 percent, falling to $99,000 for the first time since June,” adding that while equities would call that “the start of a bear market… for Bitcoin, though, this is typical of a bull market drawdown.” He noted that “we’ve already weathered two separate 30 percent drawdowns during this bull run,” and characterized the present action as “a transfer of Bitcoin’s ownership base from the old guard to the new guard.” Related Reading: CryptoQuant Head Reveals Reason Behind Bearish Bitcoin Trend Consorti anchored his thesis to a now-viral framework from macro investor Jordi Visser: bitcoin’s “silent IPO.” In Visser’s Substack essay—shared widely since the weekend—he posits that 2025’s rangebound price belies an orderly, IPO-like distribution as early-era holders access the deepest liquidity the asset has ever had through ETFs, institutional custodians and corporate balance sheets. “Early-stage investors… need liquidity. They need an exit. They need to diversify,” Visser wrote, arguing that methodical selling “results [in] a sideways grind that drives everyone crazy.” Consorti adopted the frame bluntly: “This isn’t panic selling, it’s the natural evolution of an asset that’s reached maturity… a transfer of ownership from concentrated hands to distributed ones.” Evidence for that churn has been visible on-chain. Multiple instances of Satoshi-era wallets and miner addresses reanimating this quarter—some after 14 years—have been documented, including July’s duo of 10,000-BTC wallets and late-October movement from a 4,000-BTC miner address. While not dispositive that coins are being market-sold, the pattern is consistent with supply redistributing from early concentrates to broader, regulated channels. Technically, Consorti cast the drop as part of “digestion,” not exhaustion. “The RSI tells us Bitcoin is at its most oversold level since April, when the last leg of the bull run began. Every drawdown this cycle, 30%, 35%, and now 20%, has built support rather than destroyed it.” He added a key conditional: “If we spend too much time below $100,000, that could suggest the distribution isn’t done… perhaps we’re in for a bull-market reversal into a bear market.” Macro, however, is intruding. The Federal Reserve cut rates by 25 bps on October 29 to a 3.75%–4.00% target range, but Chair Jerome Powell carefully pushed back on the idea of an automatic December cut, citing “strongly differing views” inside the FOMC and a “data fog” from the ongoing government shutdown. Markets promptly tempered their odds for further near-term easing. Consorti’s warning that bitcoin “is extremely correlated” to risk-asset drawdowns therefore looms large: if equities lurch meaningfully lower or funding stress reappears, crypto will feel it. Related Reading: Bitcoin Bull Run: Over Or Just Paused? CryptoQuant CEO Presents The Data If Visser’s “silent IPO” is right, ETFs are both symptom and salve. They have delivered the two-sided depth to absorb legacy supply but also introduced a new, faster-moving cohort whose redemptions can amplify downdrafts. That dynamic showed up again this week in the four-day string of net outflows concentrated in IBIT, even as longer-term assets under management remain enormous by historical standards. Consorti’s conclusion was starkly patient, not euphoric. “For every seller looking to liquidate their position, there’s a new participant stepping in for the long haul… It’s slow, it’s uneven, and it’s psychologically draining, but once it’s finished, it unlocks the next leg higher. Because the marginal seller is gone, and what’s left is a base of holders who don’t need to sell.” Whether Tuesday’s pierce of the six-figure floor proves the climactic flush—or merely another chapter in a months-long ownership transfer—will hinge on how quickly price reclaims and bases above $100,000, how ETF flows stabilize, and whether the Fed’s path from here restores risk appetite or starves it. For now, the most important story in bitcoin may be happening under the surface, not on the chart. At press time, BTC traded at $101,865. Featured image created with DALL.E, chart from TradingView.com
Solana ETFs extended their winning streak to six days, attracting fresh inflows even as Bitcoin and Ether funds faced heavy redemptions totaling nearly $800 million.
Today’s XRP price offered traders a rollercoaster as cascading liquidations ignited a brutal sell-off across the entire crypto market. With the total market cap plunging 2.73% to $3.38 trillion, over $2.1 billion was wiped out through mass liquidations after Bitcoin’s dip below the $100,000 mark. XRP price, echoing these marketwide jitters, slumped 1.85% to $2.24 …
Canada's stablecoin regulation could enhance crypto legitimacy and boost cross-border use, aligning with global standards and fostering innovation.
The post Canada plans to regulate stablecoins in 2025 federal budget appeared first on Crypto Briefing.
Bitcoin dominance sits at 60% and has been testing a vital long-run support line. According to market veteran Michaël van de Poppe, that support — the 20-month MA, near 59% — is the signal traders should watch. Related Reading: ‘Good News’ Finally Arrives For SHIB Army As Team Unveils New Update He warned that a confirmed break under that level could flip the market’s favor toward altcoins. Short moves can happen. Big shifts follow. Bitcoin Dominance At A Crossroads Based on reports and chart reads, The 20-month MA has been touched several times recently. In September, Bitcoin dominance briefly slipped below 59% before bouncing back, a move that shows the index is being pushed and probed. Van de Poppe drew a parallel to late 2019, when a long run above that moving average eventually gave way and set the stage for a long altcoin run. He told followers it could be “party time” if the line is broken with conviction. The #Bitcoin dominance is still trending upwards, but on edge to be breaking south. Why? It’s mimicking Q4 2019. I’d want to see a break beneath the 20-Monthly MA. If that happens, that’s party time. pic.twitter.com/m21WnBhKuj — Michaël van de Poppe (@CryptoMichNL) November 4, 2025 Traders say this test matters because it is not just a small tug of war. It is a structural test that could change where money flows next. Momentum would likely shift. Market behavior could become more favorable to smaller coins. Historical Echoes From 2019 Back In September 2019, Bitcoin dominance peaked at 73% before the index began a steady slide. It tested the long moving average by February 2020, then in mid-2020 the structure changed and the drop continued until dominance hit 39% by December 2021. Reports point to that period as when many altcoins outperformed Bitcoin and saw large gains. Some analysts believe a repeat pattern is possible if the same technical threshold fails. Analyst Steve, from Crypto Crew University, flagged comparable chart shapes and resistance points that came before the major altcoin rallies of 2017 and 2021. He suggested the pattern might reappear, perhaps around 2026, meaning an altcoin upswing could arrive later rather than sooner. Related Reading: Bitcoin May Be This Week’s Big Story As Saylor Teases Fresh Buy What Traders Are Watching Several clear markers are being followed. The 20-month MA at 59.29% is one. A sustained close below that level would be the clearest technical trigger. Volume trends and how quickly dominance moves after a break will be watched closely. In addition, analysts will watch whether major Bitcoin flows — such as ETF activity, exchange balances, or large holder moves — change, because those can speed up or slow down an altcoin response. Featured image from Stronger by Science, chart from TradingView
November 5, 2025 07:10:58 UTC Bitwise Solana ETF Becomes Year’s Biggest Launch Bitwise’s new Solana Staking ETF (BSOL) has seen explosive demand, gathering over $400 million within five business days. Hunter Horsley revealed that the ETF drew interest from financial advisors, hedge funds, and individual investors. BSOL has become the largest ETF launch of 2025 …
At the Ripple Swell 2025 event in New York City, former Ripple executive Asheesh Birla took the stage to discuss his new venture, Evernorth, and its vision to bridge traditional finance (TradFi) with the decentralized economy. Built on the XRP Ledger (XRPL), Evernorth aims to simplify institutional exposure to digital assets while maintaining the compliance …
The race to launch the first XRP Spot ETF is officially heating up and Franklin Templeton just made a major move that signals it’s getting close to the finish line.The global investment giant has quietly updated its XRP ETF filing, removing the 8(a) clause, which could have delayed approval by the U.S. Securities and Exchange …
Gemini, the crypto exchange founded by Tyler and Cameron Winklevoss, is preparing to launch regulated prediction market contracts, pending U.S. CFTC approval. These contracts will allow users to bet on real-world outcomes, from elections to sports and finance. The plan signals Gemini’s push to broaden its product lineup beyond classic crypto trading. However, approval may …
Chainlink news has been everywhere lately, reflecting a wild week for LINK traders. “Why did Chainlink price dip so hard?” is now trending, as the token broke down from crucial levels. Major headlines like the official rollout of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and the launch of the Chainlink Runtime Environment (CRE) flashed on everyone’s …
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Solana started a fresh decline below the $165 zone. SOL price is now consolidating losses below $165 and might decline further below $150. SOL price started a fresh decline below $165 and $162 against the US Dollar. The price is now trading below $165 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $158 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $150 or $145. Solana Price Dips Heavily Solana price failed to remain stable above $180 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $175 and $165 support levels. The price gained bearish momentum below $160. A low was formed at $145, and the price is now consolidating losses. The price recovered a few points above the 23.6% Fib retracement level of the downward move from the $188 swing high to the $145 low. Solana is now trading below $160 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $158 level. There is also a key bearish trend line forming with resistance at $158 on the hourly chart of the SOL/USD pair. The next major resistance is near the $162 level. The main resistance could be $166 and the 50% Fib retracement level of the downward move from the $188 swing high to the $145 low. A successful close above the $166 resistance zone could set the pace for another steady increase. The next key resistance is $175. Any more gains might send the price toward the $180 level. Another Decline In SOL? If SOL fails to rise above the $166 resistance, it could continue to move down. Initial support on the downside is near the $155 zone. The first major support is near the $150 level. A break below the $150 level might send the price toward the $145 support zone. If there is a close below the $145 support, the price could decline toward the $132 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $155 and $150. Major Resistance Levels – $162 and $166.
In the last few weeks, the Ethereum price has performed poorly, thanks to the bearish pressure triggered by the Bitcoin price decline. After losing support above $4,000, the second-largest cryptocurrency by market cap is now showing more signs of a breakdown that could trigger a spiral. Multiple analysts have already shared where they see the Ethereum price going, and we take a look at two that look at both ends of the spectrum. A Recovery And Then A Crash Crypto analyst Melikatrader highlighted an important structure that the Ethereum price has formed recently, and that is a clear structure of recovery. This comes after the cryptocurrency completed a liquidity sweep around $3,700, which is referred to as a “Hunting.” Related Reading: Head And Shoulders Pattern Says Bitcoin Price Is Headed Below $100,000 Now, with the liquidity sweep completed at this level, the analyst believes that this creates a potential base that could see the Ethereum price correct upwards. Amid this, the altcoin has also seen some consolidation between $3,700 and $3,800, making this range an important area of interest. If bulls are able to claim and hold this level, then it could put Ethereum on the path of another uptrend. It would put an end to the accumulation trend and kickstart another bullish run. Such a run would send the Ethereum price into the next supply zone, which lies at $4,080-$4,180, before seeing any major downward correction. Despite expecting the price to climb, the crypto analyst also highlights the fact that Ethereum is still flashing a bearish market structure. With the ascending trendline on the move, the price is expected to hit resistance around $4,100. If bears are able to successfully reject the price from this level, then the Ethereum price is expected to crash back below $4,000. Analyst Calls The Top For Ethereum Price While many in the space believe the current downtrend is only temporary, crypto analyst CRYPTO Damus believes that this could actually be the cycle top. In the post on X, he compares the current trend to that of the 2018 and 2021 cycle tops using the weekly chart. Related Reading: Here’s What Happens To The Dogecoin Price After The Consolidation Phase Ends Damus points out that there are similarities between the previous cycle tops and that the Ethereum price is currently following a similar playbook. This comes after consistent green candles, followed by red candles on the weekly chart, ending in a bear market. The analyst explains that it is possible that this time could be different, given the deviations in the market cycles so far. However, if it is the same trend from the last two bull cycles, that would mean that the bull run is over for Ethereum, and investors should brace for a crash. Featured image from Dall.E, chart from TradingView.com
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November 5, 2025 06:18:03 UTC Gemini Plans to Launch Prediction Market Pending CFTC Approval According to Bloomberg, crypto exchange Gemini, founded by Tyler and Cameron Winklevoss, is preparing to launch prediction market contracts. The firm applied to the U.S. Commodity Futures Trading Commission (CFTC) in May for approval to establish a designated contract market (DCM). …
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Analysts identify key Bitcoin support levels from $98,000 to $85,000 after a 21% market drop driven by dollar strength and tight liquidity.
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XRP price started a fresh decline below $2.350. The price is now showing bearish signs and is at risk of more losses below $2.120 in the near term. XRP price gained bearish momentum and traded below $2.30. The price is now trading below $2.250 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2.250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a recovery wave if it stays above $2.150. XRP Price Dips Further XRP price remained in a bearish zone below $2.50 and extended losses, like Bitcoin and Ethereum. The price dipped below the $2.350 and $2.30 levels. The decline gained pace after there was a close below $2.250. The price even tested $2.050. A low was formed at $2.066, and the price is now correcting some losses. There was a move above the 23.6% Fib retracement level of the downward move from the $2.552 swing high to the $2.066 low. The price is now trading below $2.30 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.250 level. There is also a bearish trend line forming with resistance at $2.250 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.30 level, above which the price could rise and test $2.3650. It is close to the 61.8% Fib retracement level of the downward move from the $2.552 swing high to the $2.066 low. A clear move above the $2.3650 resistance might send the price toward the $2.420 resistance. Any more gains might send the price toward the $2.450 resistance. The next major hurdle for the bulls might be near $2.50. Another Decline? If XRP fails to clear the $2.30 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.180 level. The next major support is near the $2.150 level. If there is a downside break and a close below the $2.150 level, the price might continue to decline toward $2.050. The next major support sits near the $2.00 zone, below which the price could continue lower toward $1.850. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.180 and $2.150. Major Resistance Levels – $2.250 and $2.30.
Crypto analyst Willy Woo says it would need to be “one hell of a sustained bear market” to force Strategy to liquidate any of its Bitcoin.
On-chain data shows signs of an altcoin winter may be emerging as Ethereum, Solana, and other cryptocurrencies have seen a decline in activity. Altcoins Are Observing A Drop In On-Chain Activity In a new thread on X, institutional DeFi solutions provider Sentora (formerly IntoTheBlock) has talked about how interest in altcoins has been cooling off recently. Related Reading: CryptoQuant Head Reveals Reason Behind Bearish Bitcoin Trend The on-chain indicator of relevance here is the “Active Addresses,” which measures, as its name suggests, the total number of addresses that are participating in some kind of transaction activity on a given network every day. When the value of this metric rises, it means more users are making transfers on the blockchain. Such a trend implies trading interest in the cryptocurrency may be on the rise. On the other hand, the indicator witnessing a decline suggests investors may be shifting their attention elsewhere as they are reducing their transaction activity on the network. Now, here is a chart that shows the trend in this indicator for Ethereum, the largest of the altcoins, over the last few years: As displayed in the above graph, the Ethereum Active Addresses metric was at a high of 589,000 in late July. Since then, activity on the network has gone downhill, with there now being 488,000 addresses making transactions, around 17% lower than the peak. “Fewer users interacting on ETH indicates weaker on-chain demand, a pattern seen in past bear-market phases,” explained Sentora. Solana, another prominent altcoin, has been showing a similar trend. How the monthly value of the Active Addresses has changed for SOL over the last few years | Source: Sentora on X From the chart, it’s clear that the monthly version of the Active Addresses witnessed a notable decline for SOL during Q3 2025. More specifically, active users on the blockchain dropped by about 30% in this period. “Solana has been the out-performer this cycle, but momentum is cooling,” noted the analytics firm. Memecoins have been hit hard in the recent market downturn, and the same has held true for their on-chain activity. Dogecoin, the largest meme-based token, has only witnessed a slight decrease in Active Addresses, but Pepe has gone through a drawdown of 85%. “This drop shows how quickly speculative user bases can evaporate,” said Sentora. Related Reading: Crypto Analyst Maps Out Dream Ethereum Scenario To $8,000 Finally, the analytics firm has also highlighted that DeFi trading volume has started to trend down as well. The metric is still relatively strong compared to other cryptocurrency-related indicators, but a change in direction is apparent. With the crash in prices and downturn in on-chain activity, is the altcoin sector entering a season of winter? “It’s too early to tell but the current data echoes past cycles,” noted Sentora. “We are already 6+ months into an altcoin slowdown, with winter signs popping up.” Ethereum Price Ethereum has plunged alongside the rest of the market during the past day as its price has retraced to $3,300. Featured image from Dall-E, chart from TradingView.com
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