Bitcoin dropped below $100,000 for the first time since June, reaching approximately $99,075 and triggering $2.02 billion in leveraged position liquidations across the cryptocurrency market. The decline occurred alongside a broader equity market selloff, with long positions accounting for the majority of liquidations.

Crypto investment products recorded $360 million in outflows last week amid U.S. macro uncertainty, according to CoinShares. The Bitwise SOL staking ETF (BSOL) launched with $417 million in debut inflows, signaling sustained institutional interest in Solana despite broader market caution.

Bitcoin could decline to approximately $72,000 within one to two months if it fails to hold support above $100,000, according to CryptoQuant. The firm cites weakening demand following the October 10 mass liquidation event and bearish market conditions as primary risk factors. Julio Moreno, CryptoQuant's head of research, noted that failure to sustain the $100,000 level increases the likelihood of a move toward $72,000 in that timeframe.

Alex Gluchowski, founder of ZKsync, unveiled a tokenomics redesign on November 4, 2025, aiming to transform the ZK token beyond its governance function. The proposal centers on using network revenue to execute token buybacks and burns, creating deflationary pressure. Revenue will also fund staking rewards and ecosystem development, directly tying token value to network performance.

Ripple has transformed from a token issuer into a regulated financial infrastructure provider through 2025 acquisitions of Hidden Road, Palisade, GTreasury, and Rail. The company now operates Ripple Prime for trading, Ripple Custody for asset security, and Ripple Payments for settlement, all integrated with XRP and its RLUSD stablecoin. RLUSD supply surpassed $1 billion in November, according to company data.

Julio Moreno, head of research at CryptoQuant, attributes Bitcoin's recent downward pressure to insufficient demand at elevated price points. The 30-day Apparent Demand metric has turned negative in recent weeks, signaling that buyers are not stepping in to match selling activity from long-term holders. Bitcoin was trading around $103,900 at the time of analysis, down 9% over the previous seven days.

Bitcoin fell to $103,700 as long-term holders sold approximately 400,000 BTC valued at $41.6 billion during October, according to CryptoQuant data. The selling pressure from wallets inactive for over six months, combined with whale distributions and weakening demand, pushed the asset toward the $100,000 level. Market demand has failed to keep pace with the ongoing distribution, with metrics showing negative growth over the past 30 days.

OKX activated spot trading for HYPE on November 3, with deposits opening at 7:30 AM UTC and trading commencing at 2:30 PM UTC. The token's market cap surpassed $11 billion following a 200% monthly gain. Technical analysts identify conflicting chart patterns: a bearish head-and-shoulders formation targeting $20, versus a bullish inverse pattern projecting breakout above $50 resistance.