Overview
- Bitcoin slipped under the six-figure mark with lows near $99,000 before stabilizing in the low $100,000s, extending a roughly 20% pullback from October’s peak.
- Derivatives wipeouts accelerated, with industry trackers logging roughly $1.3 billion to $2.1 billion in liquidations over 24–48 hours, largely from long positions.
- U.S. spot crypto ETFs recorded a fifth straight day of redemptions on Nov. 4, including about $577 million from Bitcoin funds and $219 million from Ethereum products.
- Broader risk assets weakened as major altcoins fell and crypto-exposed stocks like MicroStrategy and Coinbase declined, while the Fear & Greed Index slid to ‘extreme fear’ near 21–23.
- Analysts cited dollar strength, tighter liquidity and Fed uncertainty alongside a break of Bitcoin’s 200‑day average and increased exchange inflows from long-term holders.