Overview
- Bitcoin briefly traded in the high-$99,000s before stabilizing near $100,000, marking its first dip below six figures since June.
- Industry trackers logged roughly $1.3 billion to $2.1 billion in 24–48 hour liquidations, with long positions taking the majority of losses and derivatives open interest declining.
- U.S.-listed spot crypto ETFs posted a fifth straight day of outflows, including about $577 million from Bitcoin funds and $219 million from Ethereum funds on Nov. 4.
- Roughly $300 billion in crypto market value evaporated as major tokens and crypto-linked stocks fell, while the Fear & Greed Index slid into “extreme fear” near 21–23.
- Analysts cite a stronger dollar, tighter liquidity, and policy uncertainty as headwinds, with $98,000–$95,000 flagged as near-term support and worst-case targets discussed near $85,000.