Crypto Markets: Today proved to be a challenging day for crypto investors. Volatility in the digital asset world can sometimes be so intense that investors tend to make decisions based on emotions. Recent events in 2025 again reminded us that stability in the crypto market cannot always be assured, and leveraged trading plays a key role in this volatility.
Bitcoin Below $100,000
Bitcoin experienced a sharp decline today. It briefly fell to $99,000, dropping below $100,000 for the first time since June. However, it recovered slightly afterward, and Bitcoin settled at $102,254. It was down 4.04% in the past 24 hours. This decline represents a nearly 20% decline from its October high of $126,000. Over $1 trillion in value has been wiped off the total crypto market capitalization in just one month.
Bitcoin broke the crucial support level of $109,000 and is now trading around $99,000, which has historically been a strong support level. If this level is also broken, further selling could lead to technically lower levels.
Ethereum, Solana, BNB, Dodgecoin, and XRP Losses
Bitcoin’s decline also impacted other major digital assets. Ethereum fell 7.64% to $3,347, briefly touching $3,000. Its market cap stood at $404 billion, and 24-hour trading volume was $83.3 billion.
Solana fell 4.06% to $158.29, XRP fell 3.41% to $2.25, and BNB fell 3.99% to close at $949.61. Meanwhile, Dodgecoin fell 2.59% to $0.1649, and Cardano fell 4.32% to $0.5337. In contrast, TRON rose 0.43% to $0.2854. Stablecoins such as Tether (USDT) and USD Coin (USDC) remained stable around $1, indicating some stability in the market.
Impact of Leverage and Liquidations
According to experts, the main reason for this decline is excessive leverage on crypto exchanges. On October 10, more than $20 billion in leveraged positions were liquidated. Approximately 300,000 traders were liquidated daily, further increasing selling pressure.
Short-term holders also transferred large amounts of Bitcoin to exchanges to sell at a loss. Approximately 30,300 BTC came to exchanges in a single day, indicating panic among retail investors. Whenever Bitcoin approaches $112,500, traders book profits quickly, creating resistance on the upside.
Market News and Transfers
Recently, Richard Heart, founder of Hex and PulseChain, transferred 154,000 ETH ($611 million) to Tornado Cash. This transfer was made at a loss, causing concern in the market and increasing uncertainty among crypto investors. Today’s decline was not due to any fundamental weakness, but rather due to leverage and market sell-off. This incident is a reminder that crypto markets can fluctuate rapidly, and investors should always remain vigilant. Bitcoin and other major digital assets remain susceptible to corrections, but complete information and caution are essential before making any investment decisions.
Disclaimer: This article is for informational purposes only. Investing in cryptocurrencies comes with risks. Consult your financial advisor before investing.
Also Read
Stock Market Today November 4, 2025 Sensex and Nifty End with Modest Gains
Market Update: Sensex Drops 148 Points, Nifty Struggles Around 25,500
Stock Market Today: Nifty and Sensex Sideways Amid Bihar Election Results
