Bitcoin is crashing again. It lost support at $108,000. The next supports are $105.2k and $102.2k.
It could be a retest to $102,000, but you can never be sure of that. Let’s take a closer look at this week’s developments in the cryptocurrency market.
Even though November may seem like October again, it’s not. This means sentiment and macro factors will determine how November goes. Past price trends are no longer important.
Sentiment currently hovers around the territory of fear and neutrality. This is expected because the emotions have been in the greed zone for too long. This is exactly what happened between March and April 2025.
Past price trends may not be meaningful in November, but it’s essential to consider them. It is rare for October to be bearish. But 2025 is full of surprises. In 2025, the following happened:
- A bullish September.
- A bearish October.
It is worth noting that September was never bullish and October was bearish.
What does that mean?
Monthly performance cannot be considered as a basis for future price trends. Typically, a slightly bearish October could lead to a very bearish November and a bullish December.
Still, we need to stick to reality. We should also be pretty clear about one thing. The question is: Will the decline continue, or more precisely, when will the market recover? Market means altcoins. There were early signs:
- TAO did well in October.
- ZEC had a great October.
- ZK pumped over 70% in one day.
Why ZEC and ZK? The crypto community (whales) is starting to realize that they are no longer in power. Bitcoin miners realized this in early 2025. Even Ethereum OGs know this cycle is different. This cycle cannot sustain large movements indefinitely. Therefore, your best bet is a more privacy-oriented version of Bitcoin (ZEC) and another privacy-oriented version of Ethereum (ZK).
But privacy is not a story. Even during this bull market, privacy has never been a strong narrative. The early moves of ZEC and ZK seem to indicate that the whales are here to dominate the market.
Since the October 10 flash, liquidity, especially perpetual market volume, has been on the decline. Perpetual markets often cause altcoin rallies. Therefore, to maintain a stable upward trend, you need to ensure that:
- Permanent market volume increase.
- Increased funding rate for popular alts.
Cryptocurrency market shows weakness as bubble starts to burst
But overall, the market is not healthy. Kadena recently ceased operations. Many other L1s and L2s will soon follow Kadena. This is one of the reasons behind CZ’s tweet about buying ASTER.
Full disclosure. I bought an Aster today using my own money. @Binance.
I’m not a trader. I bought it and keep it. pic.twitter.com/wvmBwaXbKD
— CZ 🔶 BNB (@cz_binance) November 2, 2025
CZ knows the market is struggling. While Hyperliquid and other DeFi protocols are generating large amounts of revenue, many other projects are losing money. This is unsustainable and the crypto bubble is bursting. Now, let’s wait for confirmation.
For the market to turn bullish, the pullback should close above $110,000. If the price falls below that, BTC could retest $102.2,000. Altcoins as a whole will follow BTC. There may be exceptions like ZEC. For now, there is no imminent threat of a bear market.
Disclaimer
The information provided by Altcoin Buzz does not constitute financial advice. It is for educational, entertainment, and informational purposes only. All opinions and strategies shared are those of the writer/reviewer, and their risk tolerance may differ from yours. We do not accept any responsibility for any losses you may incur as a result of investments related to the information provided. Bitcoin and other cryptocurrencies are high-risk assets. Therefore, please conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.
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