In addition to the drop below $100,000, the market struggles also extend to Spot Bitcoin ETFs, which saw sharp outflows recently. On November 4, 2025, spot Bitcoin ETFs experienced a substantial $566.4 million outflow, bringing the total drain over the past five days to approximately $1.9 billion.
This incident marks the largest single-day outflow since August 1 and significantly influences the market’s risk-off sentiment.
At the time of writing, technical analysts are closely monitoring several key Bitcoin price levels. The support levels are between $99,000 and $111,000, near the 75th percentile cost basis. Resistance levels are between $113,000 and $115,000, where many short-term holders may consider exiting. Nevertheless, a sustained move above that band could open the door toward $117,000 and, under favorable macroeconomic conditions, a possible retest of the $126,000 high.
However, risk remains elevated for altcoins. According to reports, the average daily liquidations have reached 300,000 traders, and many smaller tokens indicate double-digit losses.
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