Why Bitcoin Price Could Retest $100,000 Amid $1.3 Billion in Liquidations
The post Why Bitcoin Price Could Retest $100,000 Amid $1.3 Billion in Liquidations appeared on BitcoinEthereumNews.com.
Key Insights: The Bitcoin price declined to $103,612 on November 4 in the asian hours. The dollar index climbed to a three-month high near 99.886, reducing demand for non-yielding cryptocurrency assets. On-chain data from Glassnode suggested that the Bitcoin price could retest $104,000 as short-term holders moved into a loss-making territory. Bitcoin price traded at 103,667 as of press time, down 3.3% in the past 24 hours, as multiple macroeconomic and technical factors converged to pressure the price. The selloff occurred against a backdrop of strengthening dollar conditions and defensive positioning ahead of critical US economic data releases. The DXY dollar index stood at 99.886 as of press time, up 0.2% on the day and approaching a three-month peak following a 0.8% weekly advance. The greenback’s rally typically weighs on the Bitcoin price because digital assets often serve as non-yielding alternatives in investor portfolios. Rising dollar values incentivize capital rotation toward dollar-denominated instruments offering positive real yields, thereby diminishing demand for Bitcoin and other cryptocurrencies. Market participants positioned themselves cautiously ahead of a series of high-impact US economic releases scheduled throughout the week. The Federal Reserve maintained a hawkish stance in its latest policy statement, prompting traders to reduce risk exposure in anticipation of data that could influence the direction of monetary policy. ISM manufacturing data arrived on November 3, while the services PMI and ADP employment figures were scheduled for release on November 5. Bitcoin Price Faces Additional Headwinds From ETF Flows The week culminates on November 7 with the nonfarm payrolls report, the most closely monitored labor market indicator for Federal Reserve policy decisions. University of Michigan consumer sentiment data, also due November 7, completed a data-heavy calendar that shaped expectations for interest rate trajectory and dollar strength. Additionally, US spot Bitcoin ETFs recorded $1.15 billion in cumulative…
Filed under: News - @ November 4, 2025 1:29 pm