Overview
- Bitcoin dipped below $100,000 multiple times this week, touching an intraday low near $98,900 before stabilizing around the low $100,000s.
- Coinglass data showed over $713 million in leveraged crypto positions liquidated in 24 hours, including roughly $295 million tied to Bitcoin.
- U.S. spot bitcoin ETFs recorded about $239–$240 million of inflows on Nov. 6, breaking a six‑day outflow streak but leaving overall support fragile.
- Key levels are under pressure after the loss of the $107,000 band, with the 365‑day moving average near $102,000 and an ascending‑channel floor around $101,000 eyed, while a CME gap near $92,000–$93,000 is a downside target for some traders.
- Stronger dollar dynamics, Fed policy uncertainty and liquidity strains linked to the U.S. shutdown weigh on risk appetite, as on‑chain metrics show rising exchange reserves and no clear capitulation, with several analysts warning of further tests below $100,000 even as potential future Fed liquidity is viewed as a possible tailwind.