Bitcoin News Update: Market Divided: Is Bitcoin's Decline a Temporary Adjustment or the Start of a Downtrend?

On November 4, 2025, Bitcoin dropped below the $100,000 mark for the first time in three months, sparking over $1.3 billion in crypto market liquidations, as reported by a

. The sharp decline, with falling 6% in a single session, has heightened worries about a wider market pullback. This comes as large investors shift their funds in response to economic uncertainty and ongoing ETF withdrawals, according to a . The recent drop has reignited discussions among market experts about whether this is a short-term correction or the beginning of a more significant downturn.

This movement follows a 20% slide from Bitcoin’s October high near $124,500, with the cryptocurrency now hovering around $106,600—a level many analysts consider crucial, based on data from

. Technical signals remain negative: the MACD indicator is still well below zero, and Bitcoin is testing the lower edge of the Keltner Channel at $103,321. “The expanding histogram points to continued downward pressure before any stabilization,” one strategist commented. At the same time, spot Bitcoin ETFs have seen outflows for four days straight, with $187 million leaving on November 3 alone. BlackRock’s IBIT fund saw the largest withdrawal, losing $291 million on October 30 amid a scandal involving its private credit division.

Institutional moves have added to the selling. Sequans Communications paid off half of its convertible bonds using 970 BTC (worth $94.5 million), while

and Corp increased their Bitcoin holdings, reflecting different approaches among corporate investors. Galaxy Digital has lowered its 2025 price forecast from $185,000 to $120,000, citing slower institutional buying and more coins being sold by long-term holders, according to . , on the other hand, remains optimistic, predicting a possible bounce to $150,000 if Bitcoin can stay above $100,000.

Broader market sentiment is also being dampened by geopolitical tensions. The upcoming Supreme Court review of tariffs from the Trump administration has unsettled investors, with some Wall Street leaders warning of a potential 10% drop in equities.

of Invest has also revised her Bitcoin target down to $1.2 million by 2030, pointing to the rapid growth of stablecoins in developing economies. “Stablecoins are now taking on roles that were once expected of Bitcoin,” she explained.

Despite the recent volatility, some investors see this as a chance to buy. A major investment firm acquired 397 BTC for $45.6 million at a price of $114,771, bringing its total holdings to 641,205 BTC (valued at $69 billion). “This is a normal ‘step back’ in the evolution of ETFs,” said ETF analyst Eric Balchunas, who described the pullback as “healthy” after SPY’s 83% rally since late 2022, according to

.

Bitcoin’s next direction will depend on whether buyers can maintain the $100,000 level—a psychological milestone that has historically attracted institutional interest during market dips. For now, the market remains unsettled, with experts divided on whether this is a routine correction or the start of a longer-lasting decline.