Bitcoin Price Today: Dips Below $105K Amid $1.3B Liquidation Wave
On November 4, 2025, the world’s largest cryptocurrency, Bitcoin, price slipped below the US$105,000 mark, signalling growing instability in the crypto markets. According to data from the 24-hour window, more than US $1.3 billion in leveraged futures positions were liquidated, most of them from traders betting that prices would keep climbing.
This cascade of forced sales coincides with a backdrop of rising U.S. Treasury yields and a firmer dollar, which together are putting pressure on risk assets like Bitcoin.
In short, what looked like a steady uptrend has hit a rough patch. And for investors, this may mark a pause or a turning point. Either way, it’s a moment that demands attention.
The Bitcoin Price Drop: What Happened?
On November 4, 2025, the Bitcoin price dropped below $105,000, extending its slide from earlier in the week. The price fell to around $104,956.80 by 06:02 GMT, marking its lowest point since mid‑October. Meanwhile, the total crypto market cap contracted toward about $3.45 trillion, down nearly 4 % over 24 hours.
Volume surged, and panic‑selling swept through futures markets. One data set showed more than $1.27 billion in derivative positions liquidated in the past day, mostly long bets that collapsed as the slide deepened. The drop came after Bitcoin had earlier traded near the low‑$110,000s region, so the move below $105 K marked a clear breakdown of recent support.
Causes Behind the $1.3B Liquidation Wave
The current episode was driven by a mix of structural and sentiment‑based factors. According to data from CoinGlass, roughly 90 % of the liquidated value (around $1.23 billion) was long positions. Shorts were far smaller, about $143 million. This tells us the market was built for gains and is unable to absorb a sharp reversal.
On the macro side, concerns over monetary policy weighed heavily. Comments from Federal Reserve officials suggested rate cuts may not come as soon as markets hoped. At the same time, the U.S. dollar strengthened, and Treasury yields climbed, both headwinds for risk assets like crypto.
Liquidity conditions also mattered. Some markets exhibited thinner order books, so once spot prices slid below key technical levels, forced liquidations intensified the move. Factor in profit‑taking by early holders after a strong rally, and the ingredients for a sharp correction were in place.
Market Reaction and Investor Sentiment
Sentiment quickly turned cautious. On November 4, the Bitcoin price was hovering near $106,764 after hitting a low of around $105,300, as the broader market took notice of the weakness. Analysts cited the break below the 200‑day moving average as a warning of deeper downside risk.
Traders were caught off guard by how fast Bitcoin fell. Funding rates dropped, and hedge activity increased, showing investors are avoiding risk. Some buying continues, but caution is high.
Altcoin Market Impact
The ripple effects hit altcoins harder. For example, Ethereum slid about 6.3 % to roughly $3,478, while Solana dropped over 11 % to near $156.21. Other major tokens like BNB, XRP, and Cardano were also down between 7-10 %.
These losses chipped away at market breadth and investor confidence. The altcoin season index fell to 26/100, and the Fear & Greed Index dropped into the “Extreme Fear” zone at around 21‑27. This suggests the broader crypto ecosystem may struggle to outperform until Bitcoin finds firmer footing.
Technical Analysis: Key Levels to Watch
Technically speaking, the $105 K-$104 K zone now serves as crucial support for the Bitcoin price. Failure to hold here could open a slide toward $102 K-$103 K. Analysts at CoinDCX Research flagged this region as pivotal.
On the upside, reclaiming the $109,000-$110,000 resistance would be a positive signal. Some forecasts suggest a breakout toward $116 K-$118 K if momentum returns. On‑chain data add weight: exchange outflows remain elevated, suggesting longer‑term holders are not yet capitulating.
Momentum indicators show stress. With RSI trending lower and funding rates negative, the market looks oversold in the short term, but that doesn’t rule out further volatility before a stable base forms.
Expert Insights and Future Outlook
With the help of an AI‑based market research tool, we note that many analysts view this drop not as the end of the bull cycle, but a reset. For example, despite the drop below $105 K, long‑term fundamentals like institutional flows and scarcity dynamics remain intact.
They warn, however, that until key macro events play out, such as US inflation data or the Fed’s next policy statement, the path forward will remain uncertain. A clear catalyst (e.g., a dovish Fed or strong ETF inflow) could spark a rebound. Absent that, consolidation or further correction toward our support zones is possible.
What does this mean for Investors?
Investors should recognise that high leverage magnifies risks. The current environment underscores the importance of risk management rather than aggressive bets. Holding a long‑term view still appears reasonable, but using this pull‑back as a strategic entry point rather than all‑in timing may make sense.
Diversification across crypto and non‑crypto assets remains prudent. And while the decline is unnerving, historical patterns of similar drawdowns have often preceded renewed rallies, though past performance is not a guarantee of future results.
Final Thoughts
Bitcoin price drops below $105,000 on November 4, 2025, highlighting crypto’s ongoing volatility. The $1.3 billion liquidation wave shows risks of leverage, while altcoins also faced sharp losses. Key support around $104K-$105 will determine the next move.
Investors should focus on risk management and long-term trends, as this dip may offer strategic buying opportunities. Market direction will depend on macro cues, institutional flows, and Bitcoin’s ability to regain key resistance levels.
Frequently Asked Questions (FAQs)
Bitcoin fell below $105,000 on November 4, 2025, due to high selling pressure, market corrections, and rising U.S. dollar strength affecting investor confidence in crypto markets.
The $1.3 billion liquidation on November 4, 2025, happened mainly from long positions being closed automatically. Traders using high leverage faced heavy losses as prices fell quickly.
Bitcoin’s recovery depends on investor sentiment, macroeconomic news, and institutional flows. Support around $104K-$105 is key. A rebound may happen if buyers step in after November 4, 2025.
Disclaimer: The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
