💥 Crypto Market Drops Sharply — What’s Behind It and What’s Next

Date: November 4, 2025

The crypto market saw a sharp pullback today, with Bitcoin sliding below $105,000 and Ethereum trading near $3,500. The total market cap dropped to around $3.5 trillion, as nearly $1.3 billion in leveraged positions were wiped out within a day.

🔹 Why the Market Fell

Several factors hit the market at once:

Interest rate worries: The U.S. Federal Reserve signaled that rates may stay high longer, reducing appetite for risky assets like crypto.

Heavy liquidations: Once Bitcoin broke key support levels, leveraged trades were automatically closed, triggering more selling.

ETF outflows: Spot Bitcoin and Ethereum ETFs saw consistent withdrawals, showing weaker institutional demand.

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Miner and whale selling: On-chain data shows miners and large holders have been cashing out, adding extra supply pressure.

🔹 Can It Recover Soon?

Analysts say a short-term bounce is possible if selling pressure eases and macro news improves. Oversold conditions could spark a quick rebound, especially if ETF flows turn positive again.

However, if Bitcoin falls below $100,000, more volatility could follow. Some bearish forecasts even point to $88,000 as the next major support.