Key Notes
Market volatility intensified as Bitcoin whale investors continued large-scale sell-offs, contributing to the sharp price decline.
Supreme Court case on Trump's tariff powers triggered risk-off sentiment, spooking both equity and digital asset investors.
US spot Bitcoin ETFs recorded fourth consecutive day of outflows with $187 million withdrawn, signaling profit-taking activity.
price tumbled below the $100,000 mark for the first time in three months, sliding more than 6% on Nov. 4, 2025. The decline extended Bitcoin’s losses to 20% from its October record highs near $124,500.
The MACD indicator underscores ongoing bearish momentum. Both the MACD line (-896.20) and signal line (-798.14) remain deep in negative territory, confirming that bears maintain control. The widening histogram highlights increasing downside momentum, suggesting further declines before stabilization.
Meanwhile, the Volume Delta (-2.02K) reflects a dominant sell imbalance, confirming that sell orders continue to outweigh buying interest. The breakout probability of 58.24% on the downside reinforces this bearish narrative.
Related article: Crypto Market Liquidations Soar to $1.33B, BTC, ETH, XRP, DOGE See Strong Volatility
If Bitcoin fails to hold above $100,000, it risks extending losses toward the $98,000, $96,500 range, key demand zones that previously acted as accumulation areas in September. A sustained close below $96,000 could validate a deeper correction toward $92,000.
However, if BTC rebounds above the mid-Keltner resistance at $108,919, the next upside target lies around $114,500, aligning with the upper channel boundary and prior consolidation zone.
For now, with a 60.67% trading profitability rate, Bitcoin remains technically oversold but vulnerable to macro-driven volatility. Short-term traders should monitor liquidation clusters near $98K, which could potentially trigger a relief rally if market sentiment stabilizes.
