Bitcoin Falls Below $104,000 Amid $1.3 Billion Liquidations and Extreme Fear

Bitcoin fell below $104,000 and liquidations topped $1.3 billion as the Crypto Fear & Greed Index dipped into “extreme fear” territory.

The largest cryptocurrency fell more than 3% in the past 24 hours to trade at $103,932 as of 4:15 a.m. EST, widening its weekly loss to more than 8%. The market as a whole fell 4%, with every token in the top 10 in the red as selling pressure intensified.

BTC Price Chart (Source: CoinMarketCap)

Long traders were hit the hardest, according to Coinglass, with bullish bets accounting for $1.22 billion of the $1.36 billion in total liquidations. Bitcoin positions saw $399.2 million wiped out, while Ethereum traders lost $356.5 million.

Top 10 cryptos in free fall

None of the ten largest cryptocurrencies by market capitalization were able to withstand the selling pressure.

ETH slipped over 5% to extend its negative weekly performance to over 15%, while XRP, BNB, and Solana (SOL) fell 6%, 7%, and 9%, respectively.

Tron (TRX) and Dogecoin (DOGE) both saw their prices drop more than 5%, while Cardano (ADA) plunged more than 6%.

Crypto Investor Sentiment Weakens as Traders See BTC Fall Below $100,000

The Crypto Fear & Greed Index, a tool to assess investor sentiment, fell 21 points in one day to an “extreme fear” figure of 21, its lowest level since April.

Crypto Fear and Greed Index (Source: alternative.me)

As sentiment turns bearish, traders on decentralized prediction market Polymarket have increased the chances of Bitcoin’s price falling below $100,000 before 2026, from 30% to 77% just 24 hours ago.

Crypto ETFs extend their release streak

Amid falling cryptocurrency prices, institutional investors have also exited the market. Bitcoin and Ethereum spot ETFs (exchange-traded funds) extended their respective release streaks yesterday.

Farside Investor Data watch this $186.5 million was withdrawn from BTC products. Interestingly, BlackRock’s IBIT was the only product to see outflows in the last trading session, while all other ETFs saw no new inflows that day. This extended the outflow streak for spot Bitcoin ETFs to four days.

THE ETH Spot ETF saw $135.7 million collectively leave their reserves on the same day. Once again, BlackRock’s product saw outflows after investors withdrew $81.7 million from the asset manager’s ETHA fund. However, other US spot ETH ETFs also saw outflows.

Fidelity’s FETH lost $25.1 million, while Bitwise’s ETHW and Invesco’s QETH suffered $6.2 million and $2.6 million, respectively. Both of Grayscale’s products also saw outflows on the day, with a total of $20.1 million flowing out of funds in the latest trading session. Similar to BTC ETFs, spot ETH ETFs have extended their outing streak from several days to four days.

Ethereum ETF Feed (Millions of US Dollars) – 03/11/2025

TOTAL NET FLOW: -135.7

ETHA: -81.7
FETH: -25.1
ETW: -6.2
TETH: 0
ETHV: -2.6
QETH: 0
EZET: 0
ETHE: -15
ETH: -5.1

For full data and disclaimers visit:

– Farside Investors (@FarsideUK) November 4, 2025

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