The post BTC retreats to $99,000 support level on whale spot selling and derivative liquidations appeared on BitcoinEthereumNews.com.

BTC dipped to the $103,000 range, extending the losses from Monday. The leading coin lost some of its recent cost basis support levels, leaving the last support at $99,000.  BTC lost another support level after dipping below $104,000 on Tuesday. The market showed increasing fragility, pushing BTC down to $103,668.  BTC crashed to $103,000 a day after losing the $109,000 cost-basis support from recent buyers. | Source: Coingecko Based on recent Glassnode data, BTC lost the $109,000 cost basis, where 85% of the supply was in profit. The next level of support is at $99,000 and may serve as a local market bottom or support.  The BTC selling and fearful trading continued on Tuesday, as both retail and whales bet against BTC. The leading coin is now over $20,000 below its record valuation, sparking fears of a bear market.  The current BTC trading happens under conditions of extreme fear, as the Crypto Fear and Greed Index dipped to 21 points. Until recently, the index was at a neutral position, still awaiting a recovery for BTC. The most recent price moves show a shift to a potential bear market.  During the latest downturn, profit-taking continued. A whale that held for 14 years sold 10,000 BTC for over $1B, after acquiring the assets for just $1.54. Some of the whale selling was absorbed by new wallets buying the dip.  BTC prepares for return to $100,000 Based on Polymarket predictions, BTC has a high probability of returning to $100,000. In the past day, the probability rose from 60% to over 70%.  Bitcoin has lost support at the 85th percentile cost basis (~$109K) and is now hovering near $103.5K.The next key level sits around the 75th percentile cost basis (~$99K), which has historically provided support during pullbacks. 📉https://t.co/2geS82B0iR pic.twitter.com/IPsYmBbxyl — glassnode (@glassnode) November 4,…

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Filed under: News - @ November 4, 2025 2:26 pm