Crypto Market News Overview
After a buoyant weekend that saw Bitcoin briefly top $111K, the global crypto market has opened the week in the red. The total market capitalization has fallen sharply, driven by profit-taking and significant whale distribution. In India, the market is mirroring the global slump, with Bitcoin tumbling from its recent highs to hover just above ₹95 Lakh. Ethereum has also seen heavy selling, falling below the crucial ₹3.3 Lakh support zone. The prevailing sentiment is fear and caution, with traders awaiting clearer direction from US macro data.
Key Market Indices & Statistics (Indian Market Focus)
| Metric | November 3, 2025 (Current) | Change (24-hour) | Commentary |
| Global Market Cap | ~$3.61 Trillion (Source: CoinMarketCap) | ▼ 3.00% | Significant market contraction; over $400 million in liquidations reported globally. |
| Bitcoin (BTC) Price | ₹95,39,148 (Approx.) | ▼ 2.71% | Price fell below the psychological ₹96 Lakh support. |
| Ethereum (ETH) Price | ₹3,29,518 (Approx.) | ▼ 4.75% | ETH suffered steeper losses, reflecting altcoin weakness. |
| Bitcoin Dominance | ~60.15% | ▲ Slight Rise | Traders rotating capital into BTC as the less-risky asset during volatility. |
| 24‑Hour Trading Volume | ~$178 Billion (Global) | Steady/Lower | Liquidation activity contributing to high-volume selling. |
Major Market Drivers: What’s Behind Today’s Plunge?
The sharp correction today can be attributed to a perfect storm of three factors, replacing the optimism of your previous report:
- Whale Distribution: On-chain data indicates that whale wallets offloaded an estimated $600 million worth of Bitcoin over the weekend, triggering a cascade of stop-loss orders and forced liquidations, pushing prices down.
- Macro Jitters: Cautious signals from the U.S. Federal Reserve regarding the timeline for interest rate cuts have boosted the US dollar and dampened the appetite for risk assets like crypto.
- ETF Outflows: U.S. spot Bitcoin ETFs have reportedly seen heavy outflows, suggesting institutional money is currently pulling back, intensifying the selling pressure.
Bitcoin & Ethereum Technical Analysis (INR Focus)
| Metric | Bitcoin (BTC) – Today | Ethereum (ETH) – Today |
| Price (Approx. in INR) | ₹95,39,148 | ₹3,29,518 |
| Price (Approx. in USD) | $107,550 | $3,714 |
| 24‑h % change | ▼ 2.90% | ▼ 4.60% |
| Key Support Zone | $106,000 to $107,000 (Break below $106K could trigger deeper correction.) | $3,650 to $3,700 (Must reclaim $3,800 quickly for recovery.) |
| Sentiment | Bearish/Fear. Consolidation phase after a failed attempt to break resistance. | Heavily Bearish. Underperforming BTC and highly susceptible to altcoin sell-offs. |
Top Movers: Altcoin Liquidity and Rotation
Altcoins have been hit harder than Bitcoin, indicating a flight to relative safety.
| Top Losers (Significant Drops) | 24‑h Change (Approx.) | Reason / Commentary |
| BNB | ▼ 5.78% | Slippage after a sharp drop, though managing to hold the critical $1,000 level. |
| Solana (SOL) | ▼ 5.72% | High-beta asset seeing steep profit-taking during the broad market retreat. |
| Cardano (ADA) | ▼ 6.97% | Correction after recent pre-upgrade hype, with focus on long liquidations. |
| Dogecoin (DOGE) | ▼ 7.36% | High-risk memecoin is among the worst performers, reflecting extreme risk-off sentiment. |
Note on Trending Coins: The previous rally in Chainlink (LINK) and OKB has cooled off significantly today, with their prices now correcting alongside the rest of the market. The general sentiment is focused on preserving capital, not chasing gains.
Cryptocurrency Updates & Factors to Watch
- Local Regulatory Concern: While the government’s stance has been mixed, the looming Supreme Court pressure on regulation clarity keeps a lid on institutional enthusiasm within India. The $600M whale sell-off serves as a reminder of the volatility that Indian regulators cite in their concerns.
- BTC’s 4-Year Cycle: Analysts are citing the Bitcoin 4-Year Profit and Loss (PnL) Index, which is showing an alignment similar to those that preceded major 75−80% market corrections in previous cycles. If this historical pattern holds, a deeper correction is possible.
- Adoption Trends: Despite the price drop, the narrative around tokenised Real-World Assets (RWA) and enterprise blockchain adoption remains strong. Long-term investors are likely viewing this dip as a buying opportunity.
Outlook for Tomorrow: November 4, 2025
The market’s immediate future is dependent on macro stability and whether Bitcoin can hold its current support.
- Bitcoin (BTC): The most critical area is $106,000. If selling pressure forces BTC below this key level, we could see another wave of liquidations and a deeper drop. A recovery above $108,500 would signal a return of buyer confidence.
- Ethereum (ETH): ETH is facing a challenging path. It must stabilize around $3,700 and is likely to continue underperforming BTC until the altcoin market regains momentum.
- Indian Market: Expect intraday volumes to remain muted as the 1% TDS policy, combined with global volatility, encourages a wait-and-see approach. Regulatory headlines from New Delhi remain the biggest wildcard that could override global trends.
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