Crypto prices today are in the red, with major assets slipping below key support levels as fear swept through both digital and traditional markets. Summary The crypto market declined 1.7% to $3.6T as Bitcoin slipped below $107K and the Fear & Greed Index fell to its lowest level since April. U.S. spot Bitcoin and Ethereum ETFs recorded a fourth straight day of outflows, reflecting weakened sentiment. Historical trends show November often delivers strong gains for Bitcoin, offering hope for a potential rebound. The total crypto market value has declined by 1.7% in the past 24 hours, now at around $3.6 trillion. Bitcoin slipped 1.3% to $106,747, Ethereum fell 3.3% to $3,623, XRP dropped 4% to $2.43, and BNB lost 5.2% to trade near $988. 24-hour liquidations rose 153% to $1.08 billion and open interest eased 3.08% to $151 billion. The mood across the market has grown cautious. The Crypto Fear & Greed Index fell 21 points from yesterday to 21, its lowest since April, reflecting “extreme fear” among traders. The average crypto market relative strength index is now at 37, a sign of weakening momentum. ETF outflows and macro pressures behind decline Tightening macro conditions and ongoing exchange-traded fund outflows are largely to blame for the current decline. On Nov. 3, U.S. spot Bitcoin ETFs saw net withdrawals of $186.5 million, while Ethereum ETFs saw outflows of $135.7 million, as per SoSoValue data. These outflows represent a fourth consecutive session of investor exits. Risk-off sentiment and ETF outflows have combined to push cryptocurrency values below important support levels. The pressure hasn’t been limited to digital assets alone. The Federal Reserve’s recent remarks suggest that its latest rate cut in October could be the last for the year, dampening expectations of further easing. A strong dollar and rising Treasury yields have drained liquidity from speculative markets, and risk aversion has increased due to renewed trade tensions between the U.S. and China. Sentiment worsened after decentralized finance protocol Balancer suffered a $128 million exploit on Nov. 3, shaking confidence in audited smart contracts and increasing selloffs in Ethereum-linked tokens. Market outlook and historical context Analysts point out that November has often been a positive month for cryptocurrency markets, despite the weakness. Bitcoin has historically reported significant gains this month, with previous cycles averaging returns of 25–30%. On-chain data from Santiment shows that exchange supply continues to fall, with roughly 209,000 fewer BTC on exchanges than six months ago, a sign that long-term holders are not yet capitulating. Still, traders remain cautious. Veteran trader James Wynn warned that this could be one of the most volatile weeks in a long time, predicting that Bitcoin might briefly dip below $100,000 before finding a stronger base. October’s red close, its first since 2018, has broken a long winning streak, and the focus now turns to whether November can repeat its historically bullish pattern. If ETF outflows slow and macro pressures ease, Bitcoin could stabilize around the $105,000–$115,000 range. Until then, fear remains the dominant theme in a market still searching for its footing.
