Bitcoin Crashes Below $100K as Cryptoquant Analysts Warn of a Deeper Drop to $72K
The post Bitcoin Crashes Below $100K as Cryptoquant Analysts Warn of a Deeper Drop to $72K appeared first on Coinpedia Fintech News
The world’s largest cryptocurrency has plunged below the crucial $100,000 mark for the first time since June 2025, triggering more than $1.8 billion in liquidations. Meanwhile Cryptoquant’s head of research Julio Moreno warns that Bitcoin could drop to as low as $72,000 within the next one to two months.
Bitcoin Price Crash Below $100K Level
After hitting a new all-time-high of $126,000 in October, Bitcoin has now plunged over 20%, with analysts warning that the selloff could still have more room to run.
Moreno noted that demand has been steadily weakening since the historic October 10 liquidation event, which erased over $20 billion in leveraged positions. “Spot demand has contracted, ETF inflows turned negative, and our Bull Score Index remains deep in bearish territory.
Other major cryptocurrencies followed Bitcoin’s decline, with the GMCI 30 Index falling over 9% in a day as risk appetite across markets faded.
Macro and On-Chain Pressure Builds
Moreno says the drop reflects a broader “risk-off” mood. Hopes of further Federal Reserve rate cuts have cooled, while concerns about global trade and credit markets are growing.
Therefore, if Bitcoin fails to stabilize above $100,000, it could slide as low as $72,000 within the next one to two months.
Adding to this view, Gerry O’Shea, head of market insights at Hashdex, said fears of tighter monetary policy and profit-taking by long-term holders have weighed on the market. He noted that while $100,000 is a key psychological level, it doesn’t change Bitcoin’s long-term potential.
Veteran Trader Sees Deeper Drop Ahead
Supporting Moreno’s bearish outlook, well-known trader Captain Faibik has spotted a rising wedge pattern on Bitcoin’s weekly chart, a warning sign that often leads to sharp drops.
Faibik said he’s “no longer bullish” on Bitcoin for the next 6–8 months and expects prices could fall toward $72,000, with a possible deeper target near $55,000 if major support fails.
$BTC is on the verge of a massive Rising Wedge downside breakout on the weekly chart
A few days ago, when I shared this setup, many people were making fun of me… But now it’s playing out exactly as expected.
I’m no longer bullish on #Bitcoin for the next 6–8 months.
In the… pic.twitter.com/3NwlpEpkWj
— Captain Faibik (@CryptoFaibik) November 4, 2025
“When I first shared this setup, many ignored it, but now it’s playing out as expected,” he said, noting Bitcoin’s latest dip to $98,892 aligns with his earlier prediction. As of now Bitcoin is trading around $101,730 reflecting a slight pull back from its recent drop.
Filed under: Bitcoin - @ November 5, 2025 8:26 am