The crypto market is in decline today, with total market capitalization dropping by 3.5% to $3.69 trillion, according to data from CoinMarketCap. Meanwhile, 24-hour trading volume sits at $143.9 billion, signaling a slight recovery in market activity after a volatile weekend. TLDR: Global crypto market cap fell 3.5% to $3.69T, with 24h volume at $143.9B; BTC dropped 2.9% to $107,896, and ETH slid 4.5% to $3,713; Two major Bitcoin whales moved over $1.8B in BTC to exchanges, fueling sell-off fears; Weak risk appetite followed the Fed’s cautious tone on rate cuts and thin Asian liquidity; Fear & Greed Index dropped to 36 (Fear); BTC ETFs saw $191.6M outflows; ETH ETFs lost $98.2M; SOL ETFs gained $44.48M; Trump said he “doesn’t know” Binance’s CZ despite pardoning him last 2 Winners & Losers At the time of writing, most of the top cryptocurrencies by market capitalization are trading in the 3 (BTC) slipped 2.9% in the past 24 hours, hovering around $107,896, with a market cap of $2.15 4 (ETH) fell 4.5% to $3,713, while BNB (BNB) declined 6.3% to $1,018.
Solana (SOL) also continued its downtrend, losing 5.6% to trade at $175.45. XRP (XRP) dropped 5.3% to $2.40, and Dogecoin (DOGE) saw a 6.6% slide, now priced at $0.1744, making it one of the day’s weakest performers among the top 5 the downturn, a few altcoins managed notable gains. Jelly-My-Jelly (JMJ) surged 91.3%, leading the day’s top gainers, followed by OG (+38.3%) and DigiByte (+27.6%). Among trending tokens, Aster (ASTR) gained 6.2%, while Balancer (BAL) and ZKsync (ZK) declined 10.1% and 27.7%, 6 broader sentiment remains cautious, with Bitcoin dominance stable above 44%, while traders eye potential short-term corrections if selling pressure persists.
Meanwhile, two prominent Bitcoin whales have transferred massive amounts of BTC to exchanges, sparking renewed market anxiety about potential sell-offs. On-chain data from Lookonchain shows that pseudonymous trader “BitcoinOG (1011short)” sent roughly 13,000 BTC ($1.48 billion) to Kraken since Oct. 1, while early Bitcoin adopter Owen Gunden moved 3,265 BTC ($364.5 million) to the same exchange since 7 OGs are dumping $BTC ! BitcoinOG(1011short) has deposited ~13K $BTC ($1.48B) to Kraken, Binance, Coinbase, and Hyperliquid since Oct 8 Gunden has deposited 3,265 $BTC ($364.5M) to Kraken since Oct 21. 0 1 9 — Lookonchain (@lookonchain) November 3, 2025 BitcoinOG, who gained attention for profiting nearly $197 million by shorting the market in October, has repeatedly transferred BTC to major exchanges, including Binance, Coinbase, and Hyperliquid.
Meanwhile, Gunden, a veteran holder with roots in Bitcoin’s earliest days, has reactivated multiple decade-old wallets for the first time in 10 Slips Below $108K as Fed Signals Temper ‘Uptober’ Momentum Bitcoin slid under $108,000 in early Asian trading Monday , breaking the so-called “Uptober” streak and extending last week’s risk-off 11 total crypto market cap fell 3.1% to $3.69 trillion, with Ether down 3.8% to $3,737 and XRP off 3.1% at $2.43. Analysts cited a stronger dollar and diminished hopes for quick Federal Reserve rate cuts as immediate drivers, following cautious comments from Fed officials suggesting a slower easing 12 countries should brace for 10-15% mortgage rates.
What's concerning is that no technical analyst is discussing the significance of the 32-year break in bond 13 worse: We're entering a multi-decade high-yield era, targeting 7% short-term as deficits and… 14 — The Great Martis (@great_martis) November 2, 2025 Thin liquidity during Japan’s market holiday amplified price swings, while the unwinding of heavily leveraged positions from October added further downward 15 described the session as a “healthy deleveraging” phase after weeks of aggressive long 16 the retreat, some analysts noted Bitcoin’s realized cap above $1.1 trillion and stable on-chain activity as signs of continued long-term strength heading into 17 now turns to a packed week of US economic data, including job openings, private payrolls, and inflation 18 labor figures could dampen rate-cut bets, while weaker data may revive optimism for policy 19 now, crypto markets remain highly sensitive to macro cues, with traders watching whether Bitcoin can stabilize before its historically bullish November 20 US Jobs Report, JOLTS or Jobless Claims Markets will get ADP jobs data this week – but no official Gov reports due to the 21 / ISM data will get market 22 see calendar 23 — Peter Tarr (@ProfitsTaken) November 3, 2025 Levels & Events to Watch Next At the time of writing, Bitcoin trades at $108,103, down 2.20% on the 24 coin has been struggling to hold above the $110,000 mark after repeated rejections near $112,000 over the past 25 now, BTC’s intraday range sits between $107,500 and $109,800, indicating a cautious, low-volume environment.
A decisive move above $110,200 could spark a short-term rally toward $114,000, where resistance from mid-October remains 26 the downside, losing the $107,000 level could expose BTC to deeper support zones near $105,500 and $102,000, levels where prior buying interest emerged. Meanwhile, Ethereum trades at $3,723, down 4.67% over the past 24 27 coin has lost traction after failing to sustain momentum above $3,950, consolidating within the $3,700–$3,800 band. A rebound above $3,850 could open the way toward $4,050–$4,200, while a break below $3,700 risks further downside toward $3,550–$3,600. Traders continue to monitor macro signals and 28 data this week for potential catalysts in the broader market.
meanwhile, market sentiment has weakened, with the Crypto Fear and Greed Index dropping to 36 , indicating “Fear.” The index stood at 35 yesterday, 42 last week, and 57 a month ago, showing a clear shift from neutral sentiment toward risk aversion as traders respond to recent market 29 trend suggests participants are scaling back exposure and waiting for stronger macro or on-chain signals before reentering the market with 30 US Bitcoin spot exchange-traded funds (ETFs) posted another day of net outflows on October 31, with a total of $191.6 million leaving the market, according to data from 31 the daily outflow, cumulative net inflows remain strong at $61.19 billion, while total net assets stand at $147.73 billion, accounting for 6.77% of Bitcoin’s total market 32 total value traded for the day was $4.26 33 individual funds, BlackRock’s IBIT led the outflows with $149.33 million, followed by Ark & 21Shares (ARKB) with $19.3 million and Bitwise’s BITB with $17.88 34 US Ethereum spot ETFs also saw a net outflow of $98.2 million on October 31.
BlackRock’s ETHA recorded the largest outflow of the day at $38.63 million, followed by Fidelity’s FETH with $27.12 million and Grayscale’s ETHE with $13.73 35 the downturn, cumulative net inflows remain solid at $14.37 billion, while total net assets stand at $26.02 billion, representing 5.58% of Ethereum’s total market 36 contrast, spot Solana ETFs saw a strong day of inflows on October 31, recording a total of $44.48 million, according to data from 37 cumulative total net inflow now stands at $199.21 million, while total net assets have reached $502.04 million, representing 0.49% of Solana’s market 38 the two listed funds, Bitwise’s BSOL led with $44.48 million in new inflows, while Grayscale’s GSOL recorded no change for the day.
Meanwhile, President Donald Trump claimed he doesn’t know who Binance founder Changpeng “CZ” Zhao is, despite granting him a presidential pardon last month. "I pardoned @cz_binance for a BEAUTIFUL deal for my family — absolutely LEGENDARY deal, everyone says so. Now, because you ask, I don’t even know who @cz_binance is!! NEVER MET HIM!!
The Fake News says I did business with him and he’s a criminal (WRONG!!!). TOTAL WITCH HUNT! Shut… 39 — MASTR (@MastrXYZ) November 3, 2025
Story Tags
Latest news and analysis from cryptonews
