Bitcoin prices dropped below $104,000 on Tuesday, November 4, 2025, as investors sold off holdings to secure profits. The world's largest cryptocurrency fell to a low of $103,049.39, marking a significant pullback from its recent all-time high. This decline also saw Bitcoin briefly dip below the $100,000 mark, hitting around $99,780, a level not seen since June.^[1][2][3] ### Why the Price Fell Several factors contributed to Bitcoin's recent price slide. Investors engaged in widespread profit-taking after the digital asset had delivered over 50% returns in the last year.^[1] Macroeconomic pressures also played a role, with expectations for U.S. interest rate cuts pushed further into the future.^[1] Sumit Gupta, Co-founder of CoinDCX, stated that the drop is "largely a product of macro pressures and profit-taking," adding that cryptos, especially Bitcoin, faced "renewed selling" as rate-cut expectations shifted.^[1] The selling pressure included long-term holders, who liquidated over 400,000 Bitcoins, valued at approximately $42.3 billion, in the past month.^[4] Spot Bitcoin exchange-traded funds (ETFs) also saw substantial outflows, with around $186.5 million exiting on November 3 alone.^[5][6] This indicates a reduction in institutional demand and increased sell pressure from traditional finance investors.^[5] The overall cryptocurrency market capitalization dropped by roughly $760 billion over the last month.^[2] ### Market Sentiment and Broader Impact The sharp decline in Bitcoin triggered a "panic-selling situation" across the market.^[1][7] Other major cryptocurrencies also experienced significant drops. Ethereum prices fell 16%, XRP dropped 15.2%, BNB was down 17.5%, Solana fell 20.5%, and Dogecoin cut 20.1% over the last seven days.^[2] The total crypto market capitalization decreased by 3.9% to $3.54 trillion on November 4.^[6] Bitcoin had reached an all-time high of $126,198.07 on October 7, 2025.^[1] It had previously surpassed the $110,000 and $120,000 thresholds within a two-month period.^[3] Despite the recent gains, Bitcoin lost over 15% in the last month after hitting its lifetime high in early October.^[1] The digital asset also saw a drop of a little over 10% in the last week.^[1] ### Path to Short-Term Recovery Analysts are closely watching whether Bitcoin can recover its losses in the short term. The cryptocurrency is expected to remain volatile and consolidate, working to defend the critical $100,000 threshold.^[1] If this support holds, Bitcoin could begin a recovery phase later in November.^[1] Historically, November has been a strong month for Bitcoin, with an average return of over 40% in the past decade.^[8] However, a decisive break below $100,000 could open the door to deeper corrections. Experts suggest a fall near $95,000 or even lower, potentially reaching $74,000-$77,000.^[1][9][10] Lacie Zhang, a Research Analyst at Bitget Wallet, provided a more moderate outlook, stating that "Market data and technical signals suggest Bitcoin may trade within a $94,000–$118,000 range in the near term." S^[9]he added that the lower bound represents a "healthy retracement zone." I^[9]f Bitcoin reclaims $105,000 as a stable floor, it could rebound toward $110,000. S^[11]urpassing this resistance would restore short-term market confidence. ^[11]From a broader view, the long-term outlook for Bitcoin remains positive. M^[1]any analysts see the current pullback as a "cooling-off phase" rather than the start of a bearish market. I^[1]nstitutional demand remains steady, and large holders continue to acquire Bitcoin despite short-term dips, suggesting a strong underlying demand. ^[1][8]

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