The global cryptocurrency market has declined nearly 20% from its $4.4 trillion peak in early October, data show. Bitcoin fell below $102,000 on Friday morning in London, breaking its 200-day moving average. Approximately $19 billion in leveraged positions were liquidated within days as the selloff intensified.

Bitcoin traded at $101,970 on November 7, 2025, falling below its 365-day moving average of $102,000 for the first time in over three years. The breach has raised concerns about potential further declines, with analysts pointing to $72,000 as a possible downside target if the cryptocurrency fails to reclaim the $100,000 level. The asset has declined 7% over the past week and more than 16% in the last 30 days.

BlackRock reduced its Bitcoin holdings by a net 5,300 BTC this week despite purchasing 921 BTC on November 6. The asset manager now holds approximately 798,000 BTC valued at over $80 billion, according to HeyApollo ETF tracker data shared on November 7. The reductions accounted for more than half of total Bitcoin ETF outflows recorded during the week.

Tether transferred approximately $1 billion worth of Bitcoin from Bitfinex wallets to its primary reserve address in two transactions this week, raising its holdings to 87,296 BTC. The USDT issuer now ranks as the world's sixth-largest Bitcoin holder. With an estimated average acquisition cost of $49,121 per coin, Tether's position carries unrealized gains of roughly $4.55 billion, according to Bitcoin Treasuries data.

Addresses holding between 1,000 and 10,000 BTC increased their positions by over 10,000 coins within a 24-hour period, data show. The accumulation reverses approximately one month of net outflows from these wallets. Bitcoin has declined nearly 7% over the past seven days and is currently trading below $102,000, with daily trading volume close to $70 billion.

Tether transferred approximately 9,849 BTC, valued at around $1.09 billion, from Bitfinex to its Bitcoin reserve addresses within a 24-hour period. The transfers occurred in two batches: 961 BTC worth $97.18 million and 8,888 BTC worth approximately $1 billion. The USDT issuer now holds 87,296 BTC valued at approximately $8.84 billion, making it the sixth-largest institutional Bitcoin holder globally.

Crypto analyst Tara identifies the current Bitcoin pullback as a critical retracement that could establish the next major price floor. Elliott Wave analysis suggests BTC may complete Wave 5 around $94,000 before resuming its bullish trend. A temporary bounce to $104,000 is expected first, with the bottom formation anticipated to occur quickly once the $94,000 level is reached.

Robinhood Markets reported third-quarter 2025 revenue of $1.27 billion, up 100% year-over-year, with net income of $556 million. Cryptocurrency revenue surged 339% to $268 million, representing approximately 20% of total revenue. Diluted earnings per share hit $0.61, exceeding the Wall Street consensus estimate of $0.51 per share.