The post Bitcoin Struggles to Hold Gains After Heavy Spot Selling appeared on BitcoinEthereumNews.com.

Bitcoin Bitcoin’s latest downturn has shaken market sentiment once again, with the world’s largest cryptocurrency dipping under $100,000 for the first time since June. Key Takeaways Bitcoin fell below $100,000 for the first time since June before rebounding slightly above $104,000. Analysts say the decline is now driven by spot selling rather than leveraged liquidations. Long-term holders have sold or moved roughly 400,000 BTC in the past month. Experts warn that the current downtrend could persist for several more months. The slide marks a new phase in the ongoing correction, raising questions about whether traders’ confidence is weakening after months of steady optimism. The cryptocurrency dropped as much as 7.4% on Tuesday before managing a mild rebound, climbing back to roughly $104,000 on Wednesday. That’s still more than 20% below the record high it touched only a month ago. Analysts say this level now represents a make-or-break zone for the market, with $112,000 emerging as a key resistance point following repeated rejections. Michaël van de Poppe, founder of MN Trading, described the current range as “the crucial level” for Bitcoin, noting that it’s where traders will be watching closely for any potential bounces. “There’s a ton of volatility on the markets right now,” he said, suggesting that while $112,000 has proven difficult to reclaim, this zone could attract buyers if sentiment stabilizes. This remains to be the crucial level for #Bitcoin. Tons of volatility on the markets at this point, and I think it will remain like that, but given the fact that $112K rejected, this has become the most important level to check for potential bounces. pic.twitter.com/WRxrDKcr53 — Michaël van de Poppe (@CryptoMichNL) November 5, 2025 Spot Selling Dominates as Leverage Retreats Unlike October’s flash crash, which was caused by cascading liquidations in the futures market, the current selloff…

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Filed under: News - @ November 5, 2025 8:33 pm