Bitcoin Price Plunges Toward $100K as Analysts Call the Start of a Bear Market

Bitcoin cannot catch a break on Tuesday as its adverse price movements continue to dig new lows, with the latest being at just under $101,000. With the asset now on the brink of its first price dump below $100,000 since June, whales and treasury companies have begun to offload, while some analysts believe this is the official start of a bear ￰0￱ Communications, one of the numerous BTC treasury firms, announced today that it had redeemed 50% of convertible debt issued to purchase bitcoin by selling off 970 units of the cryptocurrency. Thus, it reduced its total outstanding debt from $189 million to $94.5 ￰1￱ BTC stash has dropped to 2,264 from 3,234.

In another bearish development, which intensified the immediate selling pressure on the asset, whales had offloaded $272 million worth of the asset, as reported by popular analyst Ali ￰2￱ moves have only added to the overall negative landscape in the crypto industry for the past ￰3￱ that BTC challenged the $116,000 resistance last Tuesday only to be rejected and driven south ￰4￱ beginning of the current business week has been particularly ￰5￱ was stopped at $111,000 on Sunday and has dumped by $10,000 since then to just under $101,000 hours ago. Moreover, the cryptocurrency has retraced by roughly 20% since its all-time high marked less than a month ￰6￱ such, the Kobeissi Letter categorized it as the beginning of the bear market.

BREAKING: Bitcoin officially enters bear market territory, now down -20% since its record high seen on October ￰7￱ are living in the most exciting market in ￰8￱ — The Kobeissi Letter (@KobeissiLetter) November 4, 2025 The altcoins have been in an even worse state over the past ￰9￱ leads the adverse trend with a massive 18% decline, followed by IP, APT, KAS, OKB, TON, SOL, and many ￰10￱ larger caps have suffered badly as well, with ETH dumping by 7%, XRP by 6%, BNB by 8%, and SOL by 8.5%.