šŸ˜¬ Will BTC drop below $100k?

BTCā€™s two-day drop pushed fear to extreme lows as whales cashed out and retail held off. $99K now stands as the last strong cost-basis wall. ALSO: Solana ETF paradox, Anti-CZā€™s killer trade, and Animocaā€™s Nasdaq debut.

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Cryptopolitan News
November 04, 2025 ā€¢ Estimated Reading Time: 8 minutes

Bitcoin fights off $99K, Will it stay or break through?

On Tuesday, bitcoin fell to around $103,000 as losses over two days pushed through resistance near $104,000. The most recent drop leaves $99,000 as the last major cost-basis support, raising one question among traders: Will BTC falls below $100K?

Market check

Bitcoin broke down below the $109,000 realized price: a level which represented that ~85% of Bitcoins were in profit, according to Glassnode. Without that cushion, $99,000 now stands as the next floor long-term holders will try to defend.

  • Fear is spreading fast: The Crypto Fear & Greed Index rocked all the way down to 21 (Extreme Fear) having hugged a near neutral reading for weeks, matching conditions seen late last year before winding up for that end of year rally in 2024.

  • Whales cash out, retail holds off: Profit-taking has accelerated. A 14-year hibernating whale liquidated 10,000 BTC (~$1B) this week, coins they bought for only $1.54 each. But the market swallowed the sell, and new wallets and dip-buyers entered to capture some relatively cheap sats!

  • Liquidation volumes: Reached as high as $191M in one hour, but Bitcoin bounced above $104K moments later: indicating that liquidity is still healthy for the market under extreme conditions.

  • Traders eye the $100K line: On-chain data shows short-side liquidity clusters around $108K, while open interest has fallen to $32.6 B ā€” the lowest since mid-October. That means fewer leveraged bets on either side, and potentially, no violent short squeeze if BTC bounces.

A look back

The present trend is similar to November 2024, which saw BTC drop briefly only to rebound toward year-end highs. At the time, fear was rampant, but so were dip-buyers. The setup might be the same today: scared and cautious, yet not out of longs.

Quick Takeaway:

  • šŸ‘‰ If BTC holds above $99K, the cost-basis wall could become a new accumulation base.

  • šŸ‘‰ A close under $99K however, and we can look towards a more comprehensive liquidity flush before the next cycle leg.

Will Bitcoin dip below $100K this week?

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šŸ“Š Market Watch

1ļøāƒ£ Solana ETFs Boom But SOL Price Bleeds 20%

Solana ETFs debuted in the U.S., tallying record inflows and signaling healthy institutional demand, but SOL, wellā€¦ it was scraped off-script. Despite the ETF inflows of over $500M AUM last week, the token has fallen more than 20% since launch.

2ļøāƒ£ Anti-CZ whale strikes again

The on-chain trader known as ā€œAnti-CZā€ made $21.2 million in unrealized profit after shorting $ASTER, just days after Binanceā€™s CZ publicly disclosed an acquisition of the token.

The whale popped $36M in shorts at 3x leverage over Hyperliquid so fairly he dumped, and price ran 20% post-CZ tweet, before crashing more than 30% back under $1. That trade is now up 131% on the short side

3ļøāƒ£ Animoca Brands Plans to List on Nasdaq

Animoca Brands is going public, through a reverse merger with Currenc Group Inc., due to close early in 2026. The transaction will make Animoca one of the first crypto-native conglomerates to be listed on Nasdaq, with its valuation reflecting a diversified bet on altcoins, gaming, NFTs and DeFi.

šŸ‘€ Chart our analyst is watching

šŸŖ™ ZCash defies gravity, and the market

ZCash (ZEC) is doing its own thang again: up near $480 as Bitcoin crumbles below $105K. The privacy coin looks like the last green candle remaining defiant in a fearful market.

ZEC briefly traded over $500 on Solanaā€™s Omni Bridge, as massive whale orders and heavy derivatives activity led to instability in its trading price. Open interest prints firm at $582M, with spot buyers still adding to shielded pools. Mining was at a peak, too.

"It's 2017 ZEC energy again, this time it's funded Solana liquidity," one trader joked.

Whatā€™s driving it

  • Bridged ZEC on Solana once again broke all the records with 28,280 (~$13M) coins.

  • A $300K whale order on DEXs pushed prices above $600 before cooling.

  • Retail hype + whale longs is driving derivatives OI despite 62% of shorts still being open on exchanges.

  • Mindshare up 574% since early October as Solana traders shun meme tokens for privacy plays.

  • ZEC took over Litecoin in market cap and surged past as the No. 1 privacy coin.

Traders are eyeing the $495 short-liquidation area for a squeeze at these levels, but downside liquidity means volatility isnā€™t cooked yet.

In brief: ZECā€™s revival tells us as much about market rotation and on-chain speculation as it does about privacy tech itself.

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