Overview
- Bitcoin briefly fell to about $100,800 on Nov. 12 before recovering to roughly $103,000 early Thursday.
- Roughly $600 million in leveraged positions were liquidated, with more than 146,000 traders affected, according to exchange trackers.
- Spot Bitcoin ETFs saw about $278 million in net outflows on Wednesday after earlier inflows, while Ethereum funds recorded roughly $184 million in outflows.
- A Wintermute analysis says Bitcoin now falls harder on Nasdaq-100 declines than it rises on rallies, reflecting a bearish skew despite a still-high correlation.
- Traders are watching support near $98,000 and resistance around $107,000 as on-chain data shows profit-taking by long-term holders and sentiment slips into fear.