Bitcoin News Today: Bitcoin’s Sharp Drop: Is This a Surrender or Just a Market Adjustment?

On November 3, 2025, Bitcoin’s value dropped below $108,000 as a combination of macroeconomic instability, institutional withdrawals, and large-scale investor selling undermined market sentiment. After reaching highs of $112,000 in mid-October, the cryptocurrency now stands at a pivotal point. Experts are divided on whether this marks the end of the four-year bull run or is simply a short-term pullback before a potential rally at year’s end, according to a

.

The downturn intensified as the absence of U.S. employment data—due to a government shutdown—left traders without crucial economic cues, the Cryptonews report noted. Bitcoin’s trading range tightened between $107,500 and $109,800, indicating uncertainty and low trading volume. If prices fall below $107,000, support may be found at $105,500, while a recovery above $110,200 could spark a move toward $114,000.

also struggled, falling to $3,723—a 4.67% daily drop—as it failed to reclaim the $3,950 resistance, the Cryptonews report continued.

Institutional moves further deepened the decline. U.S.

spot ETFs saw $191.6 million in net outflows on October 31—the largest since August—while Ethereum ETFs experienced $184 million in withdrawals. This wave of exits coincided with Bitcoin trading at a discount on for four straight days, the longest stretch since mid-August, signaling weak retail interest, according to . Meanwhile, blockchain data showed long-term whales moved $1.48 billion in to exchanges since October 1, fueling speculation about profit-taking, as reported by .

The negative trend was highlighted by the Crypto Fear and Greed Index, which dropped to 36, indicating significant fear, the Cryptonews report stated. This comes after Bitcoin’s seven-year streak of strong October performance—often called “uptober”—ended abruptly with a 5% monthly loss, as noted by CoinCentral. CryptoQuant analysts pointed out that the 365-day moving average has historically marked market peaks, raising concerns about a possible 36% decline similar to 2018, as discussed in

.

Despite the market turbulence, corporate interest in Bitcoin continued to grow. Strategy, led by Mike Novogratz, acquired 397 BTC (worth $45.6 million) in late October, increasing its total to 641,205 BTC valued at $47.49 billion, according to

. This aggressive buying stands in contrast to the broader market’s weakness, illustrating differing outlooks on Bitcoin’s short-term direction.

On the bullish side, some believe the downturn is only temporary. Tom Lee from Fundstrat maintained his $200,000 year-end forecast for Bitcoin, citing November’s typical seasonal strength and expected liquidity support from the Federal Reserve, according to

. The article also mentioned Arthur Hayes of BitMEX, who predicted the Fed would use its Standing Repo Facility for covert quantitative easing to ease liquidity issues caused by the government shutdown.

Technical signals indicate a tightly wound market. Bitcoin’s volatility has dropped to multi-week lows, with Bollinger Bandwidth near 15—a level that has historically preceded significant price swings, CoinCentral reported. Traders are closely monitoring the $112,000 resistance and the psychological $100,000 support; a fall below the latter would confirm a medium-term correction, according to CoinCentral.

With conflicting signals, investors remain uncertain. While some hedge funds and corporate treasuries continue to accumulate, selling pressure from both retail and institutional players persists. As the 2026 Bitcoin halving and greater regulatory clarity approach, the market’s ability to stabilize in the coming weeks will be crucial in determining whether this marks a cyclical bottom or a deeper decline.