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Bitcoin Falls Below $100,000: Bull Market Officially Ends, Market Enters 'Mild Bear' Phase
Bitcoin Falls Below $100,000: Bull Market Officially Ends, Market Enters 'Mild Bear' Phase

Bitcoin has fallen below the short-term holders’ cost basis ($112,500) to around $100,000, indicating weakened demand and the end of the bull market. The market is now in a mild bear phase, with long-term holders continuing to reduce their positions, institutional capital outflows, deleveraging in the derivatives market, and a defensive stance prevailing in the options market. Summary generated by Mars AI. This summary is produced by the Mars AI model and its accuracy and completeness are still being iteratively improved.

MarsBit·2025/11/06 16:10
Flash
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    "Maji Big Brother" partially liquidated on Ethereum long positions, current holdings reduced to 2,300 ETH
    According to ChainCatcher, monitored by Onchain Lens, "Machi Big Brother" Huang Licheng's 25x leveraged Ethereum long position has been partially liquidated. His position has now dropped to 2,300 ETH, with a holding value of approximately $7.614 million. The position is currently at an unrealized loss, with a liquidation price of $3,267.14.
  • 16:22
    Circle issues 750 million USDC on the Solana network
    ChainCatcher News, according to monitoring by Onchain Lens, Circle has issued an additional 750 million USDC on the Solana network. Since October 11, Circle has minted a total of 5.25 billion USDC on the Solana network.
  • 16:18
    Odaily Airdrop Hunter 24-Hour Newsflash Special Topic Selected Activities Article Hot List Selected Opinions ODAILY Featured In-Depth Content
    According to Odaily, Ark Invest founder Cathie Wood, in an interview with CNBC's financial program "Squawk Box" discussing the fate of Tesla CEO Elon Musk's $1 trillion compensation package and the recent decline in bitcoin prices, adjusted her price forecast for bitcoin. She stated that due to stablecoins potentially capturing part of the market share, she has reduced her bullish outlook on bitcoin. She now expects the price of bitcoin to reach $1.2 million by 2030, down from her previous forecast of $1.5 million. Previously, she was one of the industry's most prominent bullish forecasters for bitcoin. According to Odaily, the World Gold Council reported that global gold ETFs have achieved net inflows for five consecutive months, attracting $8.2 billion in October, which pushed their total assets under management up by 6% to a new month-end high of $503 billion. Meanwhile, holdings increased by 1% month-on-month to 3,893 tons. Gold market trading volume continued to surge, with the average daily trading volume in October reaching $561 billion, a record high and a 45% increase from the previous month. (Golden Ten Data)
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