Ah, poor BTC! Like a court jester’s hat in a hurricane, it tumbles below the sacred $100,000 mark for the first time in three months, sliding a comical 6% on Nov. 4, 2025. Its descent now extends a 20% loss from its October pinnacle near $124,500-truly, a melodrama worthy of the Comédie-Française! 🎩🌪️
Crypto’s liquidation feast exceeds $1.3 billion on Nov. 4, 2025. | Source: Coinglass
Behold, dear readers! Coinglass’ data reveals 339,448 traders liquidated in 24 hours, totaling $1.3 billion-a tragedy! Bitcoin alone bore $445 million of these woes, marking the steepest bull wipeout since August. A spectacle of folly! 🐸🪄
Meanwhile, Bitcoin whales, those gluttonous sea kings, continue their sell-offs on Nov. 4, 2025, further drowning BTC’s price below $100,000. One might say they’re just… whale-ing out. 🐋🌊
Sequans Redeems 50% of Convertible Debt Through Strategic Asset Reallocation. This move, as clever as a fox in a henhouse, leverages Bitcoin holdings to reduce Debt-to-NAV ratio while boosting buyback capacity. $SQNSLearn…
– Sequans (@Sequans) November 4, 2025
Sequans Communications, a semiconductor sorcerer, announced the redemption of 50% of its convertible debt using Bitcoin. By selling 970 BTC ($94.5 million), it transformed its Debt-to-NAV ratio from 55% to 39%. A fiscal ballet! 🎭💰
Why Does BTC Weep Today? 🫠
The global markets, in a fit of pique, adopted a risk-off stance on Nov. 4, 2025, after whispers of the US Supreme Court’s tariff drama. Trade war fears, that old specter, spooked investors like a ghost in a theater. 🎭👻
Reuters, that esteemed oracle, warns Wall Street’s top gurus predict a 10% equity correction in 12-24 months. Overvalued prices? Pah! As if anything could ever be too expensive. 💸🙄
Adding insult to injury, US spot Bitcoin ETFs bled $187 million on Nov. 3, 2025. Institutions, ever the sly foxes, reallocated funds to short-term bonds amid chaos. 🦊📉
BTC’s Technical Forecast: A Descent to $98K, Stage Left 🎭
On the 12-hour BTC/USDT chart, BTC trades near $101,290, down 3.15%, as selling pressure crescendos. The Keltner Channel, that fickle companion, widens its arms: upper band at $114,517, lower at $103,321. BTC currently tests the latter like a trembling actor awaiting applause. 🕳️📈
Bitcoin (BTC) Technical Price Analysis | BTCUSDT
The MACD indicator, that melancholy bard, sings of bearish momentum. Both lines (-896.20 and -798.14) dwell in negative realms, confirming bears reign. The histogram’s widening? A dirge for bulls! 🎵📉
Volume Delta (-2.02K) mirrors a sell-off symphony, while the 58.24% downside breakout probability cements BTC’s tragic arc. A sustained close below $100,000 risks a plunge toward $98K, $96.5K, and the abyss at $92K. But fear not-if BTC rebounds above $108,919, it might yet reach $114.5K, a Pyrrhic victory indeed. 🎭💸
For now, BTC’s 60.67% trading profitability rate dances on the edge of a knife. Short-term traders, mark the $98K liquidation clusters-should sentiment stabilize, perhaps a relief rally awaits. Or perhaps not. Such is the theater of finance! 🎭🎭
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2025-11-05 03:23