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Wednesday Nov 5 2025 00:00
2 min
Bitcoin and Ethereum prices experienced a noticeable decline on Tuesday, triggering a wave of anxiety among investors. Bitcoin's price dropped for the second consecutive day, falling below the $104,000 mark and declining by 3.1% intraday, its lowest level since late June. Simultaneously, Ethereum fell by as much as 3.9%, and several altcoins experienced similar declines.
This downturn signifies a deterioration in trader sentiment in the cryptocurrency market, especially after the historic liquidation event three weeks prior, which erased billions of dollars in leveraged positions. Investors appear hesitant to bet on a rebound for Bitcoin and smaller digital tokens.
Cryptocurrencies are facing a number of headwinds, including:
If Bitcoin's price continues to decline, investor attention will focus on the $100,000 level, a key support level that was only briefly breached in mid-June.
Market maker Keyrock noted in a report that traders are "reluctant to redeploy large amounts of capital." Bitcoin perpetual futures open interest is around $68 billion, down about 30% from its October peak. CoinGlass data suggests that liquidations are still ongoing, with selling pressure in the overall crypto market wiping out $1.2 billion in long positions in the past 24 hours alone.
Olena Sosiedka, a fintech expert and co-founder of Concord Fintech Solutions, previously warned that Bitcoin would enter a "correction period" after the rapid price gains in September and October. She predicted that "Bitcoin will be volatile in the coming weeks." Sosiedka cautioned that a significant decline in institutional interest or a shift in Federal Reserve policy could trigger a 10%-15% correction in Bitcoin's price. She advised investors to "not chase the highs, remain calm, and take strategic and gradual actions."
Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
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