BTC retreats to $99,000 support level on whale spot selling and derivative liquidations

BTC dipped to the $103,000 range, extending the losses from ￰1￱ leading coin lost some of its recent cost basis support levels, leaving the last support at $99,000. BTC lost another support level after dipping below $104,000 on ￰2￱ market showed increasing fragility, pushing BTC down to $103,668. BTC crashed to $103,000 a day after losing the $109,000 cost-basis support from recent buyers. |) and is now hovering near $103.5K. The next key level sits around the 75th percentile cost basis (~$99K), which has historically provided support during pullbacks. 📉 ￰0￱ ￰3￱ — glassnode (@glassnode) November 4, 2025 BTC has also shown an ability to rebound quickly after selling, moving above $104,000 within minutes of the latest ￰4￱ far, the market has absorbed significant selling from whales, as well as retail buyers, without causing a deep ￰5￱ is still mostly held for the long term, though holders were willing to take ￰6￱ BTC return with a short squeeze?

Based on the liquidation heatmap, a BTC short squeeze is not as ￰7￱ previous periods, BTC often rallied to liquidate short positions. Recently, liquidity accumulated around the $112,000 and $115,000 levels, but those positions were ￰8￱ new liquidation heatmap shows BTC short liquidity accumulated around the $108,000 level, though the positions were ￰9￱ open interest also moved lower to $32.6B. Since October 11, traders have not rushed to rebuild open interest, instead waiting for a directional ￰10￱ of November, BTC is awaiting a bounce while watching the weekly close levels. A close under $103,000 for the week is seen as another signal of a potential bear ￰11￱ is now repeating the price moves from early November in 2024, which later turned into a year-end ￰12￱ the long term, BTC is still seen as revisiting new all-time peaks, though short-term market corrections are also causing ￰13￱ seen where it ￰14￱ in Cryptopolitan Research and reach crypto’s sharpest investors and builders.