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

Bitcoin Latest Update: TGA’s $1 Trillion Liquidity Drain Drives Bitcoin Down to Lowest Point in Six Months

- U.S. government shutdown swells Treasury General Account (TGA) to $1 trillion, draining liquidity and pushing Bitcoin down 19% from October highs. - Fed injects $30B via repo operations as banks face cash shortages, signaling active liquidity management amid structural tightening. - Analysts predict Bitcoin "final drop" correction phase, with potential rally expected post-shutdown as fiscal spending resumes and rate cuts loom. - Pessimists warn of 2018-style crisis if shutdown extends, while optimists fo

Bitget-RWA2025/11/05 08:12
Bitcoin Latest Update: TGA’s $1 Trillion Liquidity Drain Drives Bitcoin Down to Lowest Point in Six Months

Hyperliquid News Today: JELLYJELLY's Unexpected Rise Amid Crypto Downturn Sparks Manipulation Controversy

- JELLYJELLY, a Solana-based meme coin, surged to $0.50 and $500M market cap amid broader crypto market declines, defying Bitcoin and Ethereum price drops. - Blockchain analytics firm Bubblemaps flagged manipulative tactics, citing 20% liquidity drain from inactive wallets and a 600% price spike linked to coordinated trading. - Leverage platforms like HyperLiquid and Aster offer up to 40x BTC contracts for JELLYJELLY, amplifying risks as its value relies on retail frenzy rather than fundamentals. - Regulat

Bitget-RWA2025/11/05 08:12
Hyperliquid News Today: JELLYJELLY's Unexpected Rise Amid Crypto Downturn Sparks Manipulation Controversy

TAO's 23% Jump Signals Rising Institutional Interest in AI Staking

- Bittensor's TAO surged 23% in Nov 2025 after Safello/DDA launched the staked TAO ETP (STAO) on SIX Swiss Exchange, boosting institutional adoption. - AI-driven crypto gains momentum as Bitcoin miners raise $11B for data centers, while DeepSnitch AI ($DSNT) emerges as a presale disruptor with $486K raised. - Coinbase reported $432.6M Q3 profit with $300B+ custody assets, reflecting crypto finance maturation, while Strategy's 5.7% share jump followed $2.8B net income. - Analysts forecast 115% TAO price gro

Bitget-RWA2025/11/05 08:12
TAO's 23% Jump Signals Rising Institutional Interest in AI Staking

DeFi Experiences a Wave of Innovation Amid November's Market Fluctuations with $312M Worth of Tokens Released

- DeFi innovation accelerates with Makina's next-gen execution engine targeting scalability gaps and smart contract efficiency. - Mutuum Finance (MUTM) raises $18.4M in presale, with 85% subscription in Phase 6 and 250% token price growth since launch. - Chainlink partners with Validation Cloud to enhance institutional DeFi infrastructure through cross-chain interoperability and AI integration. - $312M in tokens from Ethena, Memecoin, and Movement will unlock in November, testing market resilience amid reg

Bitget-RWA2025/11/05 08:12