Overview
- Bitcoin fell to an intraday low near $103,938 and is hovering around $103,000–$107,000, roughly 15% below early‑October records.
- Forced unwinds erased about $1.3 billion in leverage in 24 hours, with long positions bearing roughly 90% of liquidations and more than 300,000 traders affected.
- U.S. spot Bitcoin ETFs posted a fourth straight day of withdrawals, including about $186.5 million on Nov. 3, while CoinShares reported roughly $946 million exiting Bitcoin investment products last week.
- Market mood slid to “Extreme Fear” with the Fear & Greed Index near 21, and traders are watching support in the $100,000–$106,000 area for signs of stabilization.
- A firmer dollar plus reduced odds of additional near‑term Fed rate cuts pressured risk assets, even as fund flow data showed Solana products attracting new capital.