Bitcoin options markets show put positions dominating as traders hedge against downside risk. Put options concentrate around the $95,000 strike price, with $5 billion in contracts expiring during weekly settlement. BTC trades near $100,676 with sentiment at extreme fear levels of 24 points, according to Deribit and Glassnode.

Bitcoin's bid-ask ratio has turned positive at +0.2, marking the first positive reading in months, data show. The metric indicates buy-side liquidity is accumulating below current price levels near $100,000. The shift suggests strong buying interest and potential for upward movement, according to CryptoQuant analyst Maartunn.

Bitcoin is struggling to hold above $100,000 as bearish momentum builds, with order book data showing defensive bid walls at $100,384 and $100,663. Technical indicators confirm a short-term downtrend, with both the 9-day and 20-day exponential moving averages turning downward. Analysts warn that a break below the current level could trigger a cascade of stop-loss orders, potentially driving prices toward support zones at $96,593 and $95,778.

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.