Overview
- Bitcoin briefly traded below six figures, touching roughly $99,954–$99,990 before stabilizing near $100,000.
- Derivatives unwinds accelerated with reported 24‑hour liquidations ranging from about $1.3 billion to more than $2 billion, and market sentiment fell to “extreme fear” as total crypto value hovered near $3.3–$3.5 trillion.
- U.S. spot crypto ETFs saw continued redemptions: $186.5 million left Bitcoin funds and $135.7 million exited Ether funds on Nov. 3, followed by an estimated $577 million BTC and $219 million ETH out on Nov. 4.
- Sequans Communications said it sold 970 BTC, roughly $94.5 million, to redeem convertible debt, adding to supply-side pressure.
- Altcoins slid alongside Bitcoin; LINK fell about 10% even as Chainlink unveiled its Rewards Season 1 program set to start Nov. 11, and traders focused on $98,000–$100,000 as near-term BTC support.