{"id":47320,"date":"2025-11-04T10:05:26","date_gmt":"2025-11-04T04:35:26","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=47320"},"modified":"2025-11-04T10:06:42","modified_gmt":"2025-11-04T04:36:42","slug":"bitcoin-down-today-4-nov","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/news\/bitcoin-down-today-4-nov\/","title":{"rendered":"Why is Bitcoin down today? \u2014 4 November 2025"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Bitcoin drifts sideways while traders await next macro catalyst<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bitcoin (BTC) is trading around $107,157, down 0.70% in the past 24 hours, as of 9:30 a.m., 4th November. Large Bitcoin holders reportedly offloaded around $600 million in BTC recently, which added pressure and signaled profit-taking at higher levels.<\/li>\n\n\n\n<li>The wider crypto market is showing caution: prices are stable but volumes remain low, and many large-cap altcoins are under pressure or showing weak momentum.<\/li>\n\n\n\n<li>Some altcoins are holding up, but overall, traders appear to be sidelined waiting for catalysts rather than deploying fresh capital.\u00a0<\/li>\n\n\n\n<li>This brings the overall crypto market cap to $3.56 trillion, down 1.70% over the past day, indicating a broad pause in momentum rather than an active sell-off.<\/li>\n\n\n\n<li>Technical alarms: Bitcoin has fallen below its 200-day moving average, making the $94K-$95K range the next material support if the bearish trend deepens.\u00a0<\/li>\n\n\n\n<li>Leveraged positions under pressure: More than $400 million in long crypto positions were liquidated in the past day, highlighting how fragile risk appetite is.\u00a0<\/li>\n\n\n\n<li>October\u2019s weak performance broke a long \u201cUptober\u201d trend. However, historical data shows November has yielded average BTC gains of 42% since 2013, but with distorted macro conditions this year, that seasonal tailwind is uncertain.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Macro factors at play<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Sticky inflation and wary central-bank messaging<\/strong>: Federal Reserve Chair Jerome Powell\u2019s recent comments that further rate cuts are not guaranteed have rattled risk assets, including crypto.<br><\/li>\n\n\n\n<li><strong>Treasury yields and dollar strength<\/strong>: Elevated U.S. Treasury yields and a resilient U.S. dollar make crypto relatively less attractive compared to yield-bearing assets.<br><\/li>\n\n\n\n<li><strong>Profit-taking and legacy supply entering the market<\/strong>: Long-term holders of Bitcoin and Ethereum appear to be realizing gains, adding downward pressure despite underlying demand.<br><\/li>\n\n\n\n<li><strong>Liquidity rotation into equities\/tech<\/strong>: Capital is creeping out of crypto and into traditional tech and AI stocks as trade tensions ease and investors seek growth elsewhere.<br><\/li>\n\n\n\n<li><strong>DeFi\/build-out risks resurfacing<\/strong>: A recent DeFi protocol hack reminded markets that crypto infrastructure remains fragile, which increases perceived risk and suppresses speculation.\u00a0<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Support and resistance<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Support band:<\/strong> $107K-$109K remains crucial. Holding this zone helps avoid deeper correction risk.<br><\/li>\n\n\n\n<li><strong>Resistance band:<\/strong> $113K-$116K is the nearest ceiling. A breakout above this range, especially with volumes and inflows, could open the path toward $120K+.<\/li>\n<\/ul>\n\n\n\n<p>For now, Bitcoin is ranged between $107K and $113K, indicating a pause rather than a trend resumption.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What to watch<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Crypto ETF flow divergence<\/strong>: While Bitcoin-based ETFs continue seeing outflows ($600 million), Solana-based ETFs are drawing positive inflows ($44 million) for multiple days, indicating a possible rotation from Bitcoin into alt-chain infrastructure exposure.<br><\/li>\n\n\n\n<li><strong>Spot ETF launches are accelerating<\/strong>: New filings and automatic effective launches of spot crypto ETFs (including for altcoins like XRP) via procedural routes are expected in November, which could change institutional access dynamics.<br><\/li>\n\n\n\n<li><strong>Leverage unwinding and risk reset<\/strong>: The broader market is showing signs of risk appetite cooling; liquidity tightens, over-leveraged positions get trimmed, and traders appear in \u201cwait\u201d mode rather than aggressive buy mode.<br><\/li>\n\n\n\n<li><strong>Macro events on the calendar<\/strong>: Key upcoming events like inflation prints (CPI\/PCE), central-bank commentary, and U.S. government\/regulatory updates could rapidly shift market direction.<br><\/li>\n\n\n\n<li><strong>Altcoin ecosystem catalysts<\/strong>: With Bitcoin consolidating, watch for standout moves in altchains; protocol upgrades, token unlocks, major listings or ETF launches on high-performance chains may trigger capital rotations.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Market outlook<\/strong><\/h2>\n\n\n\n<p>The market appears to be in a pause-and-watch mode, rather than beginning a fresh uptrend. If Bitcoin can defend the $107K\u2013$109K support band and then break above $113K\u2013$116K with credible flow backing, a push toward $120K+ becomes plausible. Conversely, failure to hold support may expose the market to a slide toward the low $100Ks. Over the next 24-72 hours, expect elevated volatility; flows, macro data, and major news to matter more than pure technicals.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Top gainers<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/coinswitch.co\/coins\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"698\" height=\"546\" src=\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-04-at-10.00.45\u202fAM.png\" alt=\"Bitcoin\" class=\"wp-image-47321\" srcset=\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-04-at-10.00.45\u202fAM.png 698w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-04-at-10.00.45\u202fAM-300x235.png 300w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-04-at-10.00.45\u202fAM-150x117.png 150w\" sizes=\"auto, (max-width: 698px) 100vw, 698px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong>Data source: CoinSwitch\u00a0<\/strong><br><strong>Date: 4 Nov. 2025, 10:00 a.m.<\/strong><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Top losers&nbsp;<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/coinswitch.co\/coins\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"708\" height=\"506\" src=\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-04-at-10.00.52\u202fAM.png\" alt=\"\" class=\"wp-image-47323\" srcset=\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-04-at-10.00.52\u202fAM.png 708w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-04-at-10.00.52\u202fAM-300x214.png 300w, https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2025\/11\/Screenshot-2025-11-04-at-10.00.52\u202fAM-150x107.png 150w\" sizes=\"auto, (max-width: 708px) 100vw, 708px\" \/><\/a><figcaption class=\"wp-element-caption\"><strong>Data source: CoinSwitch\u00a0<\/strong><br><strong>Date: 4 Nov. 2025, 10:00 a.m.<\/strong><\/figcaption><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin drifts sideways while traders await next macro catalyst Key takeaways Macro factors at play Support and resistance For now, Bitcoin is ranged between $107K and $113K, indicating a pause rather than a trend resumption. What to watch Market outlook The market appears to be in a pause-and-watch mode, rather than beginning a fresh uptrend. [&hellip;]<\/p>\n","protected":false},"author":93,"featured_media":47165,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[7701],"tags":[483,6467,6602,6536],"class_list":["post-47320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto","tag-market-update","tag-news"],"acf":{"key_takeways":false,"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":false,"select_disclaimer":"Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment\/financial advice from CoinSwitch. Any action taken upon the information shall be at the user\u2019s risk."},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/47320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=47320"}],"version-history":[{"count":1,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/47320\/revisions"}],"predecessor-version":[{"id":47326,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/47320\/revisions\/47326"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/47165"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=47320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=47320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=47320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}