Bitcoin fell below $104,000 and liquidations rose above $1.3 billion as the Crypto Fear & Greed index plunged into “extreme fear” territory.
The largest cryptocurrency fell more than 3% over the past 24 hours to trade at $103,932 at 4:15 a.m. EST, extending its weekly loss to more than 8%. The broader market retreated 4%, with every top 10 token in the red as selling pressure increased.
BTC Price Chart (Source: CoinMarketCap)
According to Mint glassLong traders bore the brunt of the pain, with bullish bets accounting for $1.22 billion of the $1.36 billion in total liquidations. Bitcoin positions saw $399.2 million wiped out, while Ethereum traders lost $356.5 million.
Top 10 cryptos plummet
None of the ten largest cryptos by market capitalization could withstand the selling pressure.
ETH fell more than 5% to extend its negative weekly performance to more than 15%, while XRP, BNB and Solana (SOL) plunged 6%, 7% and 9% respectively.
Tron (TRX) and Dogecoin (DOGE) both saw their prices fall by more than 5%, while Cardano (ADA) fell by more than 6%.
Crypto investor sentiment is weakening as traders see BTC drop below $100,000
The Crypto Fear & Greed Index, an instrument to gauge investor sentiment, fell by 21 points per day to an ‘extreme anxiety’ level of 21, the lowest level since April.
Crypto Fear & Greed Index (Source: alternative.i)
With sentiment turning bearish, traders are entering the decentralized prediction market Polymarkt have increased the odds that Bitcoin’s price will fall below $100,000 before 2026 to 77%, up from 30% just 24 hours ago.
Crypto ETFs Extend Their Outflow Streak
Amid the decline in crypto prices, institutional investors have also exited the market. Both spot Bitcoin and spot Ethereum ETFs (exchange traded funds) extended their respective outflow streaks yesterday.
Data from Farside Investors shows that $186.5 million was extracted from BTC products. Interestingly, BlackRock’s IBIT was the only product to record an outflow in the last trading session, while all other ETFs reported no new outflows on the day. This extended the outflow streak of Bitcoin ETFs to four days.
The spot ETH ETFs saw a collective $135.7 million disappear from their reserves on the same day. Once again, BlackRock’s product saw outflows after investors withdrew $81.7 million from the asset manager’s ETHA fund. However, other US spot ETH ETFs also saw outflows.
Fidelity’s FETH lost $25.1 million, while Bitwise’s ETHW and Invesco’s QETH lost $6.2 million and $2.6 million, respectively. Both of Grayscale’s products also saw outflows that day, with a combined $20.1 million coming out of the money during the last trading session. Similar to the BTC ETFs, spot ETH ETFs extended their multi-day outflow streak to four days.
Ethereum ETF Flow (US$ million) – 11/03/2025
TOTAL NET FLOW: -135.7
ETHA: -81.7
CONQUEST: -25.1
Ethw: -6.2
HOT: 0
Etv: -2.6
FLEECE: 0
AZET: 0
HE SAID: -15
ETH: -5.1For full details and disclaimers, visit:https://t.co/FppgUwAthD
— Farside Investors (@FarsideUK) November 4, 2025
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