Bitcoin
Bitcoin has fallen below the $100,000 threshold and was trading around $99,800 on Friday as market volatility returns.
- Bitcoin falls below $100,000 after $713 million in crypto positions are liquidated.
- Analysts have suggested a rebound could occur if selling pressure eases.
- Technical signals still point to short-term weakness.
The decline follows a week-long slide that wiped out nearly 9% of asset values, experiencing one of the sharpest corrections since midsummer and worrying traders.
According to data from Coinglass, over $713 million in leveraged cryptocurrency positions liquidated within the last 24 hours, Bitcoin That alone accounts for about $295 million of the total. Long traders were hardest hit, losing more than $240 million in the market’s sudden reversal, but an additional $54 million in short positions were wiped out during a brief intraday recovery.
Liquidity dries up as market uncertainty grows
The ongoing U.S. government shutdown has created a temporary illiquidity across risk markets, amplifying Bitcoin’s volatility, according to analyst Michael Van de Poppe. He noted that macro data, such as the latest PMI increase, remains positive for risk assets, but warned that cryptocurrencies “still need time to stabilize.” Van de Poppe expects Bitcoin to test resistance near $106,000 before confirming a sustained recovery.
The PMI rose on Wednesday, which was good news for the market.
Now, when I look at it, #bitcoin.
Things take time.
While the market looks very illiquid right now during the government shutdown, levels are still clear.
It should test $106,000 and rise from there. pic.twitter.com/TaeRiyMyI3
— Michael van de Poppe (@CryptoMichNL) November 7, 2025
CryptoQuant’s on-chain data shared by analyst Ali Martinez paints a slightly more optimistic picture. Martinez highlighted that Bitcoin’s realized losses recently reached -11%, a level that historically precedes a rebound. “For the past two years, BTC has always recovered whenever realized losses were below -12%,” he said, suggesting the market may be approaching a new tipping point.
Technical setup remains bearish for now
The TradingView market indicator keeps flashing red. The daily summary suggests a “sell” and most moving averages and oscillators are bearishly aligned. The RSI is near 32, suggesting the asset is approaching oversold territory, while the MACD remains negative, indicating continued downward momentum.
The Bitcoin price chart shows a clear pattern of falling highs and falling lows, with the next major support expected around $98,000. A break below this level could open the door for further decline towards $94,000, but historical on-chain data indicates a potential accumulation zone forming below $100,000.
Broader crypto market affected
Altcoins mirrored Bitcoin’s weaknesses, with Ethereum, Solana, and XRP also posting losses. Overleveraged traders unloaded positions across derivatives exchanges, and widespread selling triggered widespread liquidations.
Despite the pressure, analysts say the flashout could set the stage for a more sustainable recovery. Historically, large liquidation events often coincide with market bottoms, especially when accompanied by extremely bearish sentiment and thin liquidity.
Outlook: Volatility likely to continue
Although technical indicators still warn of downside risks, several analysts believe that Bitcoin’s correction is part of a broader correction. A rebound towards the $106,000-$110,000 zone remains likely in the coming weeks as liquidity returns and sentiment stabilizes.
For now, Bitcoin remains below the psychological $100,000 level. This is a reminder that even in increasingly institutionalized markets, volatility remains the rule rather than the exception.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any particular investment strategy or cryptocurrency. Always do your own research and consult a licensed financial advisor before making any investment decisions.
