«Биткоин ниже $100,000: страх и ликвидации на крипто-рынке» Headline: Bitcoin Falls Below $100,000: Fear and Liquidations in the Crypto Market

The price of the first cryptocurrency fell below the $100,000 mark for the first time since June. Consequently, the rest of the market followed suit.

Ethereum’s price was nearing $3,000.

At the time of writing, Bitcoin is trading at approximately $101,900, while the second-largest cryptocurrency by market capitalization is around $3,300.

The Fear and Greed Index dropped to 23, indicating «extreme fear.»

Liquidations exceeded $1.78 billion within a single day, with $1.37 billion in long positions and $409.71 million in short positions. Notably, forced closures for Ethereum were higher than those for Bitcoin.

In the last two days, whales have acquired 323,523 ETH amid the asset’s price decline, according to analysts at Lookonchain.

The total purchasing volume amounted to $1.12 billion in dollar terms.

CryptoQuant analysts predicted further price drops. They forecast that if the price of digital gold does not hold around $100,000, it may decline to $72,000 within one to two months.

Julio Moreno, head of research at the company, linked the correction to weak buyer activity following a significant liquidation event on October 10.

«Since then, spot demand for Bitcoin has decreased. In the U.S., investor activity has also waned, as evidenced by fund outflows from ETFs and negative premiums on Coinbase,» he noted.

According to Jerry O’Shea, head of research at Hashdex, cryptocurrencies are under pressure due to a general risk aversion in global markets. Factors he cited include concerns regarding the Federal Reserve’s interest rate and the situation in the lending sector. The expert added that selling from long-term holders influences the price—an expected phenomenon under such conditions.

O’Shea emphasized that the $100,000 level is psychological, but breaching it does not diminish Bitcoin’s long-term potential.

«The trend of fund inflows into ETFs and corporate adoption this year remains very strong. Traditional financial institutions continue to build infrastructure for digital assets,» he stated.

He mentioned that these structural factors could lead digital gold to reach a new historical peak in the coming months.

Short-term Bitcoin holders (STH) continue to sell their assets at a loss, increasing pressure on the price. This was reported by an analyst who goes by the name Darkfost.

According to his data, around 30,300 BTC belonging to STH has flowed onto exchanges in just the last day. The expert believes this indicates a wave of capitulation among recent buyers.

Pressure may intensify since the STH-SOPR metric is hovering around the 1 mark, suggesting that short-term holders are selling coins approximately at the same price at which they were purchased. This figure reflects market uncertainty.

The analyst also pointed to the formation of strong resistance. He stated that any attempt to recover prices to the realized price level for STH (currently around $112,500) leads to immediate profit-taking or break-even exits, which hampers further growth.

Darkfost concluded that short-term investors are skeptical about growth. They are utilizing any price bounce to sell, reflecting cautious sentiments in the market.

Bitcoin reserves on centralized exchanges continue to decline; however, Binance is showing a contrasting trend. Analyst ShayanMarkets suggests that this divergence may precede a surge in market volatility.

The outflow of coins from trading platforms signals long-term accumulation and reduced selling pressure. Participants are transferring assets to non-custodial wallets, which is a bullish signal.

At the same time, Bitcoin reserves on Binance have increased in recent weeks. According to the analyst, this indicates a rise in short-term liquidity on the platform. This could be due to increased trading activity or position hedging by institutional players.

Historically, capital inflow into the dominant exchange during consolidation periods has often preceded volatility spikes. This is how market makers prepare for the next significant price movement.

If this trend continues, it could indicate a phase of redistribution or rebalancing of assets ahead of a new rally, the specialist concluded.

Recall that in November, Capriole’s founder, Charles Edwards, stated that demand for digital gold from institutional investors has declined.