Bitcoin Falls Below $100K, Wipes Out $1 Trillion from the Crypto Market – Here’s What’s Really Happening
Bitcoin slipped under $100,000 for the first time since June 2025 and formally entered bear market territory with a 20% decline from its October 6 report high as crypto markets worn out over $1 trillion in complete market capitalization.
The sharp downturn, pushed primarily by unprecedented leverage ranges moderately than weakening fundamentals, has left 300,000 merchants liquidated day by day on common whereas crypto adoption, deregulation, and technological development proceed at a report tempo.
The huge selloff may be traced again to heightened leverage amplifying market swings, significantly the $20 billion liquidation occasion on October 10.
“Leverage is a wild ‘drug,’” famous The Kobessi Letter, describing how the market has advanced into its most reactive type in historical past amid Trump posts and breaking headlines.
Technical Breakdown and Support Levels—What’s Next for BTC?
Bitcoin misplaced key help at the eighty fifth percentile value foundation of round $109,000 and now hovers close to $103,500, in response to Glassnode knowledge.
The subsequent key stage sits at the seventy fifth percentile value foundation close to $99,000, which has traditionally supplied help throughout pullbacks.
CryptoQuant reported that short-term holders intensified loss-selling strain, stating, “immediately alone, we’re seeing roughly 30,300 BTC being deposited whereas underwater, reflecting a rising wave of capitulation amongst current patrons.”
The strain continues as the STH-SOPR hovers round 1, sometimes indicating stress and fragile confidence.
“Each time value makes an attempt to recuperate and reaches the STH realized value (presently round $112,500), we see fast profit-taking or break-even exits,” CryptoQuant famous.
“These reactions create overhead resistance and make it more durable for value to interrupt increased.“
Why Institutions Keep Buying Despite the Bloodbath
Earlier immediately, Binance knowledge reveals that Bitcoin is buying and selling under its transferring common of $112,245, with unrealized losses at simply 0.06%.
CryptoQuant analysts noticed that this implies “solely a small share of merchants on Binance are presently holding their cash at a loss, indicating that the majority positions had been opened at or under the present value.”
“In different phrases, the market has not but entered a part of widespread losses or a big sell-off,” the analyst added.
Despite October’s correction, market sentiment stays cautiously optimistic as we enter November.
Bitcoin ETFs recorded inflows of practically 50,000 BTC over the previous 30 days, indicating continued institutional accumulation.
“Accumulation of cash by main market members, the commerce settlement between Washington and Beijing, and reasonably constructive inventory market efficiency are paving the approach for a attainable restoration in November,” stated Shawn Young, Chief Analyst at MEXC Research, when talking with Cryptonews.
Young added that November is traditionally robust for cryptocurrencies. “This seasonal issue, mixed with rising inflows into Bitcoin ETFs (nearly 50,000 BTC over the previous 30 days), signifies continued institutional place accumulation.”
Key resistance now sits between $111,000 and $113,000.
“A break of this stage might set off upward momentum and pave the approach to $117,000, and with favorable macroeconomic information, a retest of the all-time high of $126,000,” Young defined.
Bear Case vs. Bull Case Outlook
Analyst Plan C maintains his base case for continued bull market circumstances, anticipating restoration after briefly dipping under the 50-week transferring averages.
However, he addressed rising fears instantly. He stated that “quite a lot of the concern proper now comes from individuals having PTSD from earlier Bitcoin occasions like the FTX/Luna collapses, or from the current mass liquidation occasions in the event that they had been holding altcoins.“
Plan C emphasised how institutional adoption has basically modified market dynamics.
“With the institutional bid and the market cap now comfortably over $1 trillion, Bitcoin just isn’t the similar asset. The ‘it might go to zero’ low cost that existed in all earlier bear markets has been fully eliminated.”
“Bitcoin is now on the radar of primarily ALL the huge cash gamers in the world,” he added.
He projected that even in a bear state of affairs, “the odds of dropping under $70,000 (-45%) are extraordinarily small, and a transfer to $80,000–$90,000 is more likely if — and it’s a giant if — the bull market is really over, which I nonetheless don’t suppose it’s.“
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