Bitcoin dropped approximately 4.4% to around $107,000 on November 3, triggering over $1.16 billion in long liquidations. A wallet dormant for nearly 14 years transferred 10,000 BTC originally acquired at $1.54 per coin, with the holder believed to have sold the entire amount for roughly $1 billion. Analysts are now monitoring whether Bitcoin can maintain weekly support near $103,000.

Bitcoin fell to $103,668 on Tuesday, breaking below its $109,000 cost basis where 85% of supply was profitable. The next support level sits at approximately $99,000, according to Glassnode data. The Crypto Fear and Greed Index dropped to 21 points, signaling extreme fear in the market.

Bitcoin traded at $104,169 on November 4, struggling below $120,000 resistance as a prominent crypto trader issued a bearish outlook. Weekly chart analysis shows each rally losing strength faster than previous attempts, with key support levels at $93,900 and $87,300 under pressure. The trader who accurately forecasted XRP's 2025 rally warned that successive peaks are losing momentum more rapidly while downward moves encounter progressively fewer buyers.

US M2 money supply reached $22.2 trillion in September 2025, marking a 4.5% year-over-year increase and the 19th consecutive month of expansion. Bitcoin's price movements continue to correlate with rising liquidity conditions as central banks inject capital into financial systems. After adjusting for inflation, M2 expanded by 1.4% during the month, according to Federal Reserve data.

Bitcoin fell below $104,000 on November 4, hitting a two-week low and triggering $1.37 billion in leveraged position liquidations, with $1.2 billion from long positions, according to CoinGlass data. The decline coincided with ongoing spot Bitcoin ETF outflows and continued distribution by long-term holders. The Crypto Fear & Greed Index dropped to 21, its lowest reading in weeks, reflecting heightened caution among investors.

Digital asset investment products recorded $360 million in net outflows last week, with Bitcoin funds losing $946 million. Solana attracted $421 million in fresh capital—its second-largest weekly inflow on record—while Ethereum drew $57.6 million, data show.

Strategy announced an initial public offering of 3,500,000 shares of Series A Perpetual Stream Preferred Stock (STRE) at €100 per share. The offering carries a 10% annual cumulative dividend payable exclusively in cash, with the first distribution scheduled for December 31, 2025, subject to board approval. Proceeds will fund Bitcoin and other asset acquisitions.

Strategy has announced an initial public offering of 3.5 million shares of 10.00% Series A Perpetual Preferred Stock denominated in euros, trading under the symbol STRE. The company will use net proceeds for general corporate purposes, including Bitcoin acquisitions. The offering targets European and global institutional investors seeking structured exposure to Bitcoin markets.