Bitcoin tumbled below $100,000 on Tuesday, extending losses to 20% from October highs. Over 339,000 traders were liquidated totaling $1.3 billion across crypto markets.
By Ibrahim Ajibade
Editor Marco T. Lanz
Updated
3 mins read
Bitcoin BTC $101 033 24h volatility: 5.6% Market cap: $2.01 T Vol. 24h: $96.26 B price tumbled below the $100,000 mark for the first time in three months, sliding more than 6% on Nov. 4, 2025. The decline extended Bitcoin’s losses to 20% from its October record highs near $124,500.
Crypto market liquidations crossed $1.3 billion on Nov. 4, 2025. | Source: Coinglass
Data from Coinglass revealed that over 339,448 traders were liquidated in the past 24 hours, totaling $1.3 billion across the crypto market. Bitcoin accounted for $445 million of those losses, signaling the steepest bull wipeout since August.
Large sell-offs from Bitcoin whale investors also continued on Nov. 4, 2025, further exacerbating the BTC price decline below $100,000.
Sequans Redeems 50% of Convertible Debt Through Strategic Asset Reallocation.
This move opportunistically leverages Bitcoin holdings to enhance financial flexibility, reduce Debt-to-NAV ratio, and boost buyback capacity while preserving long-term treasury optionality. $SQNS
Learn… pic.twitter.com/bTbVMQGC2T— Sequans (@Sequans) November 4, 2025
Sequans Communications, a publicly listed semiconductor company, announced that it had redeemed 50% of its convertible debt using Bitcoin holdings. The firm sold 970 BTC, worth roughly $94.5 million, to bring its debt-to-NAV ratio down from 55% to 39%.
The broader risk-off tone in global markets intensified on Nov. 4, 2025, following reports that the US Supreme Court would hear a case concerning Trump’s executive powers on tariff enforcement. The move reignited trade war fears, spooking both equity and digital asset investors.
According to Reuters, top Wall Street executives are warning investors to brace for an imminent 10% correction in equity markets within the next 12 to 24 months, citing overvalued prices.
Adding to the pressure, US spot Bitcoin ETFs recorded their fourth consecutive day of outflows, with $187 million withdrawn on Nov. 3, 2025. The sustained withdrawals suggest institutional investors are taking profits and reallocating capital to short-term bonds amid global uncertainty.
On the 12-hour BTC/USDT chart, Bitcoin trades near $101,290, down 3.15%, as selling pressure intensifies across major exchanges. The Keltner Channel (KC) bands have widened, signaling heightened volatility. The upper band sits near $114,517, while the lower band provides interim support at $103,321, with BTC price currently testing below it.
Bitcoin (BTC) Technical Price Analysis | BTCUSDT
The MACD indicator underscores ongoing bearish momentum. Both the MACD line (-896.20) and signal line (-798.14) remain deep in negative territory, confirming that bears maintain control. The widening histogram highlights increasing downside momentum, suggesting further declines before stabilization.
Meanwhile, the Volume Delta (-2.02K) reflects a dominant sell imbalance, confirming that sell orders continue to outweigh buying interest. The breakout probability of 58.24% on the downside reinforces this bearish narrative.
If Bitcoin fails to hold above $100,000, it risks extending losses toward the $98,000, $96,500 range, key demand zones that previously acted as accumulation areas in September. A sustained close below $96,000 could validate a deeper correction toward $92,000.
However, if BTC rebounds above the mid-Keltner resistance at $108,919, the next upside target lies around $114,500, aligning with the upper channel boundary and prior consolidation zone.
For now, with a 60.67% trading profitability rate, Bitcoin remains technically oversold but vulnerable to macro-driven volatility. Short-term traders should monitor liquidation clusters near $98K, which could potentially trigger a relief rally if market sentiment stabilizes.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
