Bitcoin’s Shocking Plunge Below $105K: A $100 Billion Crypto Bloodbath Unfolds!
It’s 9:22 AM WAT on Tuesday, November 4th, 2025, and the market is bleeding red. Bitcoin has just crashed below $105,000, the lowest since June 2025, sparking a brutal $100 billion wipeout in a mere 30 minutes overnight. With the dip still ongoing, BTC dipped to $103,700 and is now rebounding at $104,406 currently, but the carnage is undeniable: $1.2 billion in liquidations swept away leveraged traders, Solana plummeted over 10% to $165, and the Crypto Fear & Greed Index has plunged to 21, a stark “extreme fear” signal not seen since the 2020 COVID crash.
Federal Reserve Chair Jerome Powell’s hawkish stance on rate cuts, President-elect Donald Trump’s new tariffs on Chinese imports, and a flood of sales from long-term Bitcoin holders and miners have collided to shake the foundations.
For HODLers watching their life savings flicker, or anyone wondering if crypto was a mistake, this is a gut punch, but it’s also a moment of opportunity. Why did this bloodbath happen, and what does it mean for your next step, whether you’re a seasoned trader or a curious newcomer? Let’s dive into the chaos.
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The Scale of the Disaster: $105K Break, $100B Gone, and Altcoin Chaos
The meltdown began late Monday, November 3, with Bitcoin shedding 4% to breach $105,000, hitting a low of $103,700. This marked the steepest single-day drop since June, erasing $100 billion from the total market cap in under 30 minutes, a shockwave that rippled across the board.
Ethereum slipped to $3,458, Solana crashed 10%+ to $155 before stabilising at $159, and the broader altcoin sector took a 5-8% hit. The liquidation toll hit $1.2 billion, with over 85% from leveraged long positions getting wiped out in a flash, leaving traders reeling.
The Crypto Fear & Greed Index, a barometer of market sentiment, plummeted 21 points in a day to 21, signalling “extreme fear”, a level that last gripped investors during the 2020 pandemic panic.
This drop reflects a shift: shrimp inflows (small retail buys) have dwindled since Bitcoin Spot ETFs launched, pushing new money into altcoins, which are now in a bear market, down 25-60% over 30 days.
Bitcoin’s break below the 50-day moving average, with an RSI of 35 (oversold), adds technical weight to the panic. For small investors, it’s a heart-wrenching sight: your $1,000 stack is now worth $850 overnight. Yet, despite the sell-off, Bitcoin’s hold above $100,000, even with 400,000 BTC sold by long-term holders in 30 days (2% of supply, per TFTC), hints at underlying strength.
The Triggers: Powell’s Hawkish Turn, Trump’s Tariff Bombs, and a Seller’s Flood
This wasn’t a random dip; it was a convergence of heavy hitters. Jerome Powell’s hawkish comments during the Fed’s October 29 meeting, where he signalled fewer rate cuts than anticipated, bolstered the U.S. dollar and crushed risk assets like Bitcoin.
With inflation at 2.4% and job growth at a weak 29,000 last month (unemployment at 4.3%), the market had hoped for more easing, but Powell’s tone suggested a tighter grip, sending crypto tumbling 5-10%.
Then came Donald Trump’s tariff escalation on Chinese imports, announced as part of his President-elect agenda, intensifying the U.S.-China trade war.
This move, echoing a $1.65 trillion stock market wipeout earlier this month, sparked fears of inflation and supply chain disruptions, dragging Bitcoin and altcoins into the red. @fmanow5150 vented on X: “Trump just encouraged people to sell BTC because of no capital gains tax… The market has been resilient in spite of him.”
The supply side added fuel: long-term holders (LTHs) offloaded 400,000 BTC in 30 days (2% of total supply), per TFTC & @TFTC21, cashing in at $100K+ prices. Miners joined the fray, selling to cover soaring energy costs, a trend that’s puzzled the community. Why sell now?
The better question, as TFTC posed, is “Who is providing the consistent bid holding the price above $100,000?” The market’s ability to absorb this sell pressure without a 30-50% nuke is the real signal.
Polymarket odds shifted dramatically: the chance of BTC hitting $150K by April 2026 dropped to 36%, while the likelihood of falling below $100K this November surged to 68%. @JamesWynnReal warned, “The real panic will come once we go below $100K,” while @Ashcryptoreal noted, “Sunday pump always gets retraced on Monday… Let’s pray for a bounce.” For traders, it’s a familiar flush; fear at 21 is when the weak exit.
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Implications: Fear at 21—Bottom Signal or Deeper Drop? LTH Flush and Altcoin Woes
For experienced traders: The Fear & Greed Index at 21 is a historical rebound marker—5 of the last 6 instances saw BTC rally 20-50% within 30 days. The LTH flush (400,000 BTC sold) eases future supply pressure, but miners’ ongoing sales could cap gains at $110K.
The “Sunday pump, Monday retrace” pattern, as @Ashcryptoreal predicted, played out, with Tuesday’s dip offering a shakeout. Kalshi’s 36% odds for $150K by April suggest a cautious outlook; expect a $100K test, then a potential climb to $130K if fear holds.
Risks loom: the altcoin bear market (down 25-60% over 30 days, per sentiment analysis) means diversified portfolios are bleeding; stick to BTC/ETH for now. The market’s resilience above $100K, despite a 2% supply dump, is the bullish whisper.
For anyone new to crypto: Fear at 21 is terrifying, but it’s also the market’s clearance sale; fear flushes out weak hands, setting up the next rise. Bitcoin’s drop below $105K (lowest since June) is a dip, not a collapse. Its 70% annual growth (per Eric Trump) and ETF inflows (+300% YTD) signal a comeback.
Solana’s $165 low, with RSI near oversold, could rebound to $180-200 if $150 holds, but the $117.41-$138.26 support zone is critical for its white wave B, as one trader noted. Why invest? Reduced shrimp inflows mean fewer new buyers, but the LTH flush tightens supply—@TFTC21 calls it a “material supply distribution phase” with price holding strong. Risks: Polymarket’s 68% sub-$100K bet—start with 1-2% of savings, and brace for volatility.
Some see this as a “last manipulation event” before the Clarity Act, with the CFTC poised to regulate fairly hopeful, but unproven.
Crypto tie-in: The LTH flush (400,000 BTC) and miner sales (2% supply) shrink availability, while extreme fear (21) marks the bottom. “The price is still holding strong above $100,000” despite the chaos.
Your Move: Fear at 21 = Golden Dip? Smart Plays for the Rebound
BTC’s RSI at 35 (oversold) eyes a $110K rebound, with support at $100K; here’s your plan:
• Newbies: Buy $100 BTC on Binance—could hit $120 at $110K (+20%), a low-risk entry.
• Traders: Long above $106K; stop at $100K—target 10% on fear peak (21 low).
• Global Holders: Allocate 5% BTC—add Solana at $150 (RSI oversold)—stake for 5% yield.
Watch $100K hold; a break could dip to $95K for a deeper buy.
The Verdict: Bitcoin’s $105K Crash Is Crypto’s Fear 21 Wake-Up Call—Buy the Dip!
Bitcoin’s plunge below $105K on November 4, 2025, wiped out $100B, with Solana at $165 and Fear at 21, the lowest since 2020. Powell’s hawkishness, Trump’s tariffs, LTH flush (400K BTC sold), and miner dumps drove the fall, but the hold above $100K signals resilience. #BTCCrash, a panic or profit? Share your dip strategy below and subscribe for the rebound scoop. In 2025, fear is your chance!
Disclaimer: Informational only, not financial advice. DYOR and consult pros.
Angela Okafor is a lead reporter and journalist specializing in cryptocurrency and forex trading. Known for simplifying complex market trends into clear, engaging stories, she empowers readers to confidently navigate the fast-paced world of digital finance and global markets. She is dedicated to delivering actionable insights that inform, inspire, and drive smarter investing decisions.
