Биткойн и Эфириум продолжают падение, ликвидации трейдеров достигают рекордов Headline: Bitcoin and Ethereum Continue to Fall, Trader Liquidations Hit Record Levels

In the past 24 hours, the leading cryptocurrency has dropped by 2.2%, reaching a multi-month low of around $104,800.

The price of Bitcoin fell below $103,000, while Ethereum dipped below the $3,500 mark.

This ongoing decline has been marked by a wave of long position liquidations.

During the same timeframe, Ethereum’s value decreased by 5.4%, and at the time of writing, the main altcoin is trading around $3,500.

The total market capitalization has declined by 3% to $3.5 trillion, with all major cryptocurrencies experiencing corrections.

Amidst this downturn, liquidations exceeded $1.3 billion in the last 24 hours, with $1.2 billion attributed to long positions and $143.6 million to short positions.

A total of 338,314 traders have been affected. The largest forced liquidation occurred on HTX for the BTC/USDT pair, amounting to $47.8 million.

The cryptocurrency fear and greed index fell to 21 points, indicating an «extreme fear» zone. The previous day, the index stood at 42, reflecting moderate concerns.

On November 3, analysts from Lookonchain noticed an early Bitcoin investor who transferred approximately 13,000 BTC (valued at $1.4 billion) to exchanges since the beginning of October.

Another significant player known as Owen Gunden deposited 3,265 BTC valued at $364.5 million on Kraken since October 21.

On November 4, this investor sent an additional 1,289 BTC worth $138.2 million to the same platform. He still holds Bitcoins valued at over $700 million, according to Arkham.

Simultaneously, a wallet that had been inactive since 2019 was reactivated, holding 31,000 BTC valued at $3 billion. It transferred 2,300 BTC to Paxos, which offers over-the-counter trading services.

Quinten François, co-founder of WeRate, pointed out that in the last 30 days, long-term holders sold 400,000 BTC, which represents about 2% of the total supply of the asset.

Additional pressure on Bitcoin’s price could be stemming from continued outflows from Bitcoin-based spot exchange-traded funds, which have seen $191 million lost in the last trading session and over $1.1 billion since October 29.

Another concern is the Coinbase premium, which remains in negative territory, as noted by CryptoQuant analyst Maartun. On Friday, the metric was at -$80, and during the latest correction on November 3, it was at -$30. As of writing, it stands at -$25.

«This indicates sustained selling pressure from U.S. traders active in the spot market,» the expert explained.

Julio Moreno, head of research at CryptoQuant, highlighted an imbalance in supply and demand. He believes this is why cryptocurrencies have been experiencing price declines in recent weeks.

«In the long term, demand continues to increase, but at a slower pace and below trend values,» he added.

Swissblock analysts identified the $100,000 level as crucial for Bitcoin. They pointed out that the digital gold has not fallen below this threshold in 180 days.

They believe that maintaining this level could trigger another upward surge; otherwise, the cryptocurrency might face a deeper correction.

Experts from Glassnode acknowledged a high likelihood of testing the $104,000 level, below which 80% of the largest investors in the asset are making purchases.

«At such levels, capitulation of the ‘weak hands’ and redistribution of coins to more resilient holders usually occurs. Such processes often require considerable time or a more profound price decline,» they added.

At the same time, inflows of stablecoins to Binance reached $7.3 billion — the highest level since December 11, 2024, as noted by Maartun. This indicates a rise in market activity.

A similar influx was observed just before digital gold reached its historical high of $67,000 in November 2024 and surged to $108,000 in May 2025.

It is worth noting that a trader under the nickname CrypNuevo suggested the possibility of Bitcoin forming a bottom at the level of $101,000.