Overview
- Bitcoin fell to roughly $103,800–$104,000, its lowest level since June and about 15%–17% below October’s peak.
- Derivatives exchanges saw about $1.27–$1.37 billion in 24‑hour liquidations, mostly long positions, with more than 300,000 traders wiped out, according to CoinGlass.
- U.S. spot Bitcoin ETFs logged $186.5 million in net outflows on Nov. 3, marking a fourth straight day of withdrawals and more than $1.3 billion pulled since late October.
- Fed commentary cooled rate‑cut expectations as the dollar index neared 100 and Treasury yields rose, pressuring risk assets including crypto.
- Sentiment slid into extreme fear, while on‑chain data show short‑term holders selling and some mid‑term cohorts accumulating as key technical supports near $104,000–$102,000 come into focus.