Bitcoin Breaks Below $100,000 to the Lowest Since June as Risk-Off Bites

Overview

• Bitcoin fell to an intraday low near $99,075 before hovering around $101,000, while ether slid as much as 11% and major altcoins also tumbled.
• Spot bitcoin and ether ETFs posted consecutive net outflows, with BlackRock’s IBIT leading redemptions and marking a fourth straight day of withdrawals.
• Analysts cite ongoing profit-taking by long-held wallets, thinner exchange reserves, and futures deleveraging that began with the roughly $19 billion liquidation shock in mid-October.
• A stronger dollar hit a three‑month high and U.S. and European equities declined as Wall Street leaders warned investors to brace for a potential 10%–15% stock-market pullback.
• A reported hack of the Balancer protocol with losses above $100 million added to negative sentiment across digital assets.