Crypto Crash Alert: Bitcoin Falls Under $107K, $375M Wiped Out Overnight
Bitcoin Plunges to $105K as $375 Million in Crypto Positions Liquidated: Is the Bull Run Over?
Global crypto markets turned red once again this weekend as Bitcoin tumbled to $105,000, triggering a chain reaction of sell-offs and liquidations across the sector. The total cryptocurrency market capitalization dropped by 1.47% in the past 24 hours, reflecting renewed caution among investors after a sharp rally earlier this month.
Bitcoin Fails to Hold Above Key Resistance
Bitcoin’s recent attempt to maintain its footing above the crucial $107,000 resistance level failed, sparking aggressive profit-taking and a cascade of liquidations. As of early Monday trading in Asia, BTC is hovering around $105,104, marking a 1.38% daily loss.
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| Source: CMC |
The inability to sustain momentum above $107K has left traders uncertain about Bitcoin’s short-term direction. Many analysts viewed that level as a pivotal threshold for a potential continuation of the bullish rally that began in late October. Instead, the rejection at this zone confirmed mounting selling pressure, suggesting that a consolidation or correction phase may follow.
Technical indicators echo this sentiment. The Moving Average Convergence Divergence (MACD) has turned negative, hinting at a weakening momentum, while the formation of a “death cross” — where the 50-day moving average falls below the 200-day average — signals that bearish sentiment could dominate the charts for some time.
If Bitcoin fails to hold above its immediate support of $104,000, analysts warn that the next potential downside target lies between $90,000 and $93,000, a zone where institutional buying previously provided a cushion. A dip below the psychological $100K mark could trigger another round of panic selling.
Massive Liquidations Deepen the Market Shock
The latest downturn has resulted in nearly $373 million in crypto liquidations over the past 24 hours, with more than 148,000 traders seeing their leveraged positions wiped out. According to data from CoinGlass, Bitcoin accounted for approximately $81 million of these losses, while Ethereum saw $73 million liquidated.
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| Source: Coinglass |
Altcoins were not spared. Zcash (ZEC) plummeted by 26.7%, and Starknet (STRK) tumbled 25.1%, erasing much of the gains accumulated during recent rallies. Other major tokens including Uniswap (UNI), Ripple (XRP), and Solana (SOL) also saw notable declines as traders rushed to de-risk.
Most of the losses came from long positions, meaning traders betting on price increases were caught off guard by the sudden reversal. Market analysts note that the spike in liquidations amplified volatility, as margin calls forced further selling pressure.
“The market was overly leveraged after weeks of optimism,” said crypto market strategist Michael Tran of Galaxy Digital. “Once Bitcoin failed to hold above $107,000, it triggered a chain reaction — automated liquidations, panic selling, and a temporary liquidity crunch.”
Institutional Demand Slows as Whale Activity Rises
Adding to the bearish tone, institutional inflows into Bitcoin have cooled sharply. After a record-breaking October that saw daily inflows of up to $336 million into spot Bitcoin ETFs, the figure dropped to just $1.15 million on November 10, according to data from Farside Investors.
Ethereum ETFs, meanwhile, recorded zero inflows, indicating waning investor appetite for altcoins amid the broader correction.
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| Source: Sosovalue |
At the same time, whale activity — large Bitcoin holders moving coins to exchanges — has surged to its highest level since March. This suggests that major investors may be preparing to sell or rebalance their portfolios in anticipation of further declines.
On-chain analytics show that approximately 36% of Bitcoin holders are now sitting on unrealized losses. This raises the risk of capitulation, where retail traders begin to sell en masse to cut their losses, potentially pushing the market lower.
Regulatory Clouds Add to Investor Caution
Beyond technical and market factors, sentiment has also been dampened by renewed regulatory uncertainty in the United States. A newly proposed Senate bill aims to expand the Commodity Futures Trading Commission’s (CFTC) authority over crypto markets — a move that could reshape the landscape for exchanges and digital asset issuers.
While proponents argue that clearer regulations could attract long-term institutional adoption, traders fear that the transition period could bring disruptions, especially if compliance burdens increase for smaller firms.
“Markets dislike uncertainty,” explained finance professor Ellen Parker of Georgetown University. “Even though regulation might bring stability later, the short-term effect is usually risk aversion, as investors wait to see how enforcement unfolds.”
This sentiment has already been reflected in lower trading volumes and a decline in futures open interest. Many traders are choosing to stay on the sidelines until there’s more clarity on how U.S. regulators will define and monitor digital asset activities.
Altcoins Struggle to Recover
The broader crypto market mirrored Bitcoin’s decline. Ethereum (ETH) dropped by 1.9% to trade around $5,420, while Binance Coin (BNB) slipped 2.2% to $658. Solana (SOL) — once the star of 2025’s recovery rally — has retreated to $174, down 6% in 24 hours.
DeFi and gaming tokens, which surged in October’s speculative frenzy, are also facing sharp corrections. Analysts warn that many smaller tokens could lose another 15–20% if Bitcoin fails to stabilize near its current levels.
However, not all outlooks are gloomy. Some market observers argue that the current dip could represent a healthy correction following one of the strongest crypto rallies of the year. “Corrections are necessary for sustainability,” said trader Alina Wu. “We’ve seen similar pullbacks before every major breakout.”
Outlook: Can Bitcoin Hold the Line?
The next few days will be critical for determining Bitcoin’s near-term trend. Maintaining support above $100,000 will be essential for preventing deeper corrections. Analysts agree that ETF inflows and whale behavior will be key signals to watch.
If inflows into Bitcoin ETFs rebound and large holders stop transferring coins to exchanges, it could signal renewed accumulation and set the stage for a recovery. However, persistent outflows or further whale selling might push Bitcoin back toward the low $90,000 zone.
Macroeconomic conditions could also play a role. The U.S. Federal Reserve’s upcoming comments on interest rates may influence risk appetite across all financial markets, including crypto. A dovish tone could offer short-term relief, while any indication of tightening could worsen the sell-off.
For now, traders are advised to exercise caution. High volatility, low liquidity, and a surge in leveraged trading make the market particularly vulnerable to sudden swings.
Conclusion
The crypto market’s latest slump underscores how quickly sentiment can shift in an industry driven by speculation and momentum. With Bitcoin back near $105,000 and institutional inflows slowing, the market faces its toughest test since early autumn.
Whether the correction deepens or sets the stage for another rebound will depend largely on ETF demand, whale activity, and global liquidity trends. As one analyst put it: “Bitcoin’s future in the coming weeks will depend not just on charts, but on confidence — both retail and institutional.”
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