Bitcoin records a sharp drop and operates below US$ 104 thousand this Tuesday, November 4, 2025. The movement occurs amid liquidations that exceed US$ 1.2 billion in cryptocurrency futures contracts. The devaluation follows declines of more than 1% in S&P 500 and Nasdaq futures.
The cryptocurrency broke the $106,000 support held in previous weeks. Leveraged investors faced automatic position closures. The Federal Reserve cut interest rates by 25 points last week, but signaled a slower pace of cuts.
Jerome Powell adopted a cautious tone in a recent statement. The scenario reduced appetite for volatile assets. Balance sheets from technology companies also influenced the market.
- Ethereum fell 6% and trades at $3,630.
- Solana fell 10% to below $160.
- XRP lost 5% in the period.
Featured Sales
Most of the closed operations involved bullish bets. Around 90% of liquidations affected long positions. The largest of them reached US$33.9 million in Bitcoin contracts at HTX.
Platforms concentrated the volume of closures. Hyperliquid, Bybit and Binance topped the rankings. The total reflects pressure on guarantees in leveraged operations.
Reaction in altcoins
Solana registered the biggest devaluation among the main ones. The asset touched its lowest level since August. Ethereum maintained moderate losses in comparison. Other currencies followed the general movement. BNB, Cardano and Dogecoin showed similar declines. The market lost $100 billion in 24 hours.
Macroeconomic influence
The Fed indicated caution in further interest rate cuts. Powell highlighted the need for data monitoring. The measure strengthened the dollar and put pressure on risky assets.
Wall Street extended losses on index futures. Global aversion has hit cryptocurrencies and technology stocks. Palantir’s balance sheets were lower than expected on Monday. Analysts pointed to high valuations in technology. Capital Group’s Mike Gitlin cited strong balance sheets but pricing challenges. Statements were made at a summit in Hong Kong.
Broken technical levels
Bitcoin accelerated losses in the early morning. The breakout of $106,000 triggered automatic selling. Previous support held out for weeks. The asset reached its lowest level since June. CoinGlass data confirms liquidation volume. Total crypto market has shrunk to $3.6 trillion.
Movements in derivatives
Oracle’s Credit Default Swaps Soared. The indicator reflects fears aboutcompany shares. Default protections have gained demand. Leveraged operations require minimum margins. Drops force sales to cover warranties. The cycle increased volatility in the period.
Accumulated Losses
The crypto market has accumulated a recent downturn. October presented a negative performance. November begins with renewed pressure. Investors monitor upcoming economic data. Employment and inflation indicators guide expectations. Fed assesses impacts on monetary policy.
Platforms affected
Hyperliquid recorded the highest volume of liquidations. Bybit and Binance complete the main trio. HTX housed the largest single operation to close. Long positions represent bets on appreciation. Automatic shutdowns occur on rapid declines. The mechanism protects brokers from default.
Bitcoin operates in volatile range since Fed cut. Lower supports come into focus. Analysts see US$100,000 as the next level. Total market value reflects recent exits. $100 billion evaporated in one day. Cryptocurrencies maintain correlation with risky stocks.
Short-term outlook
Market awaits signs of stabilization. Liquidations reduce excessive leverage. The process can open up space for recoveries. On-chain data shows accumulation in large wallets. Small investors reduce exposure. Balance defines next movements.
