Bitcoin price is down 2% over the past 24 hours, trading at $101,647 at 4:05 a.m. EST, while daily trading volume rose 37% to $110.41 billion.
The correction follows heavy selling pressure as US spot Bitcoin and Ethereum ETFs posted nearly $800 million in outflows yesterday. In the crypto market, concerns are mounting about weaker demand, bearish institutional signals, and what comes next for the BTC price.
Major losses started earlier this week when Bitcoin crashed through the key support at $100,000. The sharp decline caused a wave of concern, leading to extreme fear among traders and analysts.
According to CryptoQuant, if the $100,000 level does not hold, Bitcoin could fall much lower, possibly falling to $72,000 in the coming months.
For several days in a row, funds like BlackRock’s IBIT saw massive pullbacks, draining liquidity from the Bitcoin market just as other signals turned negative.
Demand for Bitcoin Treasuries is Falling Off a Cliff.
One of the main reasons we see this mess. pic.twitter.com/B4TPipd9sB
— Crypto Rover (@cryptorover) November 5, 2025
When ETF inflows are positive, they usually help Bitcoin by reducing the available supply, but when they turn negative, they have the opposite effect.
Trends in the decreasing demand chain for Bitcoin signals
CryptoQuant’s research points to a steady decline in spot demand since a massive market liquidation on October 11. On that day, more than $19 billion in leveraged positions were wiped out, marking the largest single liquidation in crypto history. Since then, indicators such as spot currency flows, ETF flows and the Coinbase premium have been largely negative
Daily change in total Bitcoin holdings. Source: CryptoQuant
The Bull score indexwhich tracks sentiment and momentum has dropped to 20. This low score indicates a clearly bearish market. Lower demand from US investors and a negative Coinbase premium show that US buyers are now more cautious or selling more than they are buying.
Bitcoin Bull Score Index Source: CryptoQuant
Furthermore, historical parallels are drawn to previous bear market periods, when Bitcoin spot demand weakened and price corrections expanded. As ETF outflows increase and trading activity on the exchanges decreases, confidence in a quick recovery remains very low among analysts monitoring the blockchain data.
Bitcoin Price Prediction: Can BTC Drop to $72,000?
The technical picture for Bitcoin is becoming increasingly bearish. According to CryptoQuant and analysts like Julio Moreno, the most important level to watch is $100,000. If Bitcoin trades below this range for an extended period of time, the risk of a decline to $72,000 in the next one or two months increases sharply.
On the weekly chart, Bitcoin is still in a wide ascending channel, but the recent candles are looking heavy and sellers are pushing the price towards the middle of the range. The $102,940 The level matches Bitcoin’s 50-week Simple Moving Average (SMA), which previously acted as support but may now become resistance.
BTCUSD analysis source: Tradingview
If BTC fails to quickly regain and hold above that line, more downsides could lie ahead.
Meanwhile, momentum indicators point to increasing weakness: the RSI (Relative Strength Index) is around 44, a bearish reading that suggests bears are in charge and there is room for further decline.
The MACD (Moving Average Convergence Divergence) has crossed the negative line, supporting the idea that a deeper downtrend is forming. While the CMF (Chaikin Money Flow) barely rises above zero, reflecting minimal capital inflow.
If selling pressure continues and Bitcoin cannot build new support above $100,000, the channel’s lower boundary, currently near $75,000, will likely be tested next. This matches CryptoQuant’s warning of a possible drop to $72,000. Historic support around $80,000 to $85,000 may provide only brief relief if panic selling takes hold.
On the upside, if Bitcoin recovers quickly and regains $103,000-$105,000, it could start to stabilize. Key resistance is at $110,000 and again at $125,000, which is where many traders will be watching to see if the bulls can return with force. Still, sentiment remains cautious for now as ETF outflows and on-chain weakness dominate the headlines
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