🔘On November 4, Bitcoin and Ethereum extended their declines, triggering over $1.1 billion in liquidations within 24 hours. Ethereum broke below $3,400, turning negative year-to-date, while Bitcoin fell toward $100,700, hovering just above key support at $100,000. The mass unwinding of leveraged longs and the sharp drop in open interest underscored panic among traders.
🔘Data from Santiment shows that large Bitcoin holders have sold more than 38,000 BTC, while smaller investors increased accumulation. Analysts stress that a sustainable rebound is only possible once whales re-enter the buying phase, as the market remains dominated by fear and forced selling.