Bitcoin Price Analysis: BTC Could Slip Below $100,000 As Unrealized Losses Mount

Bitcoin (BTC) has slipped below $104,000 as markets face their biggest decline since the October 10 ￰0￱ have also spiked, with over $1 billion in positions wiped out over the past 24 ￰1￱ analysts and traders have warned Bitcoin could slip below $100,000 as new buyers face mounting unrealized ￰2￱ (BTC) Hit By Mounting Liquidations Bitcoin (BTC) continued bleeding in November as prices ￰3￱ is down nearly 4% over the past 24 hours, while Ethereum (ETH) fell over 6% as it struggles to reclaim the $3,500 ￰4￱ are piling up, with over $1.16 billion worth of positions wiped out over the past 24 hours, according to data from ￰5￱ of this, $1.08 billion were long ￰6￱ saw around $298 million in long positions wiped out, while ETH registered $273 million worth of ￰7￱ cryptocurrency market’s latest decline came as the Nasdaq and S&P 500 traded in positive territory, with no obvious catalyst behind the dramatic decline.

However, pseudo-anonymous analyst Maartunn explained, stating that sell pressure from spot Bitcoin traders and “signs of fragility” in Ethereum charts could have spooked ￰8￱ analyst stated, “During strong bullish phases, you often don’t get a retest of a support level because it gets ￰9￱ more bearish periods, however, such retests are more ￰10￱ tests of the same support level are not a bullish sign. It’s hard to put an exact number on it, but at some point, new buyers simply get exhausted.” Strategy Acquires 397 BTC Worth $45 Million Michael Saylor’s Strategy purchased 397 BTC worth $45.6 million last week, according to a filing with the United States Securities and Exchange Commission (SEC).

The latest acquisition was made at an average price of $114,771 per coin, and takes the company’s total holdings to 641,205 BTC , purchased for $47.49 ￰11￱ also reported a Bitcoin yield of 26.1% year-to-date. “Strategy has acquired 397 BTC for ~$45.6 million at ~$114,771 per bitcoin and has achieved BTC Yield of 26.1% YTD ￰12￱ of 11/2/2025, we hodl 641,205 BTC acquired for ~$47.49 billion at ~$74,057 per bitcoin.” The company had purchased 390 BTC worth $43.3 million, taking October’s total to 778 ￰13￱ slowed down its Bitcoin purchases in ￰14￱ company had purchased 3,526 BTC in ￰15￱ to CryptoQuant, Strategy and spot Bitcoin ETFs have been the primary drivers of Bitcoin demand in ￰16￱ analytics platform’s founder and CEO, Ki Young Ju has hinted that Bitcoin’s recovery depends on Strategy and Bitcoin ETFs resuming large-scale acquisitions of the ￰17￱ (BTC) Price Analysis Bitcoin (BTC) slumped to an intraday low of $102,852 on Tuesday, its lowest level since June as the flagship cryptocurrency faced its biggest decline since the October 10 market ￰18￱ ended the weekend in positive territory, rising 0.44% and settling at $110,536 on Sunday.

However, bearish sentiment returned on Monday as the price crashed, dropping nearly 4% to $106,557. BTC is down over 2% during the ongoing session, trading around $104,256. Weakness persisted as traders indicated that the $100,000 could give way, with crypto investor Ted Pillows stating that Bitcoin is in free fall. “ BTC is in an absolute free fall right now. There's no strong support until the $100,000 level, which means it'll most likely get retested.” Pillows added that if Bitcoin loses the $100,000 level, markets could expect a correction towards the $92,000 level.

“If Bitcoin loses the $100,000 zone, expect a correction towards the $92,000 level, which has a CME gap.” Meanwhile, trader Daan Crypto Trades warned that Bitcoin had lost its main support from recent weeks, and was nearing the bottom of its range. “ BTC Main support lost that was holding price up for the past few ￰19￱ nearing the bottom of the range where price made its initial higher low after the bounce post 10/10 liquidation event.” BTC’s price action gave traders a sense of deja vu as its weekend gains were wiped out on ￰20￱ believe BTC could face one of its most difficult weeks of Q4 as prices retest range ￰21￱ stated in a post on X, “In all honesty, it looks like this could be one of the most difficult trading weeks of ￰22￱ makes me think we might be in a range-bound environment; therefore, I should be aware of a potential range low retest.” The trader noted that the range lows had key confluence with BTC’s 50-week exponential moving average at around $101,150, increasing the odds of a bottom target.

“It’s a very solid support, so we would see a very aggressive bounce from there.” BTC started the previous weekend on a bullish note, rising 0.84% on Friday and 0.56% on Saturday to settle at $111,666. Bullish sentiment intensified on Sunday as the flagship cryptocurrency rose nearly 3% to cross $114,000 and settle at $114,548. BTC reached an intraday high of $116,410 on Monday. However, it lost momentum after reaching this level and settled at $114,087, ultimately dropping 0.40%.

Selling pressure and volatility persisted on Tuesday as the price fell 1.03% to $112,906. Bearish sentiment intensified on Wednesday as BTC fell 2.55% and settled at $110.032.