Bitcoin Falls Below $104K Amid $1.3B Liquidations, Extreme Fear

Bitcoin slumped below $104K and liquidations surged past $1.3 billion as the Crypto Fear & Greed index plunged into “extreme fear” territory.

The largest cryptocurrency fell more than 3% in the past 24 hours to trade at $103,932 as of 4:15 a.m. EST, deepening its weekly loss to over 8%. The broader market retreated 4%, with every top 10 token in the red as selling pressure intensified.

BTC price chart (Source: CoinMarketCap)

According to Coinglass, long 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 top 10 ten largest cryptos by market cap were able to fend off the selling pressure. 

ETH slid over 5% to extend its negative weekly performance to more than 15%, while XRP, BNB and Solana (SOL) plummeted 6%, 7% and 9%, respectively.

Tron (TRX) and Dogecoin (DOGE) both saw their prices slide over 5%, while Cardano (ADA) plunged over 6%. 

Crypto Investor Sentiment Weakens As Traders See BTC Drop To Below $100K

The Crypto Fear & Greed Index, a tool to gauge investor sentiment, slumped 21 points in a day to an ”extreme fear” reading of 21, its lowest level since April. 

Crypto Fear & Greed Index (Source: alternative.me)

With sentiment turning bearish, traders on the decentralized predictions market Polymarket have upped the odds that Bitcoin’s price will fall below $100K before 2026 to 77% from 30% just 24 hours ago. 

Crypto ETFs Extend Their Outflows Streak

Amid the drop in crypto prices, institutional investors have also been exiting the market. Both spot Bitcoin and spot Ethereum ETFs (exchange-traded funds) have extended their respective outflows streaks yesterday. 

Data from Farside Investors shows that $186.5 million was pulled from the BTC products. Interestingly, BlackRock’s IBIT was the only product to record outflows in the latest trading session, while all of the other ETFs posted no new flows on the day. This extended the spot Bitcoin ETFs’ outflows streak to four days. 

The spot ETH ETFs saw $135.7 million leave their reserves collectively on the same day. Once again, BlackRock’s product saw outflows after investors pulled $81.7 million from the asset manager’s ETHA fund. However, other US spot ETH ETFs saw outflows as well.

Fidelity’s FETH lost $25.1 million, while Bitwise’s ETHW and Invesco’s QETH suffered $6.2 million and $2.6 million respectively. Both of Grayscale’s products saw outflows on the day as well, with a combined $20.1 million leaving the funds in the latest trading session. Similar to the BTC ETFs, spot ETH ETFs extended their multi-day outflows streak to four days. 

Ethereum ETF Flow (US$ million) – 2025-11-03

TOTAL NET FLOW: -135.7

ETHA: -81.7
FETH: -25.1
ETHW: -6.2
TETH: 0
ETHV: -2.6
QETH: 0
EZET: 0
ETHE: -15
ETH: -5.1

For all the data & disclaimers visit:https://t.co/FppgUwAthD

— Farside Investors (@FarsideUK) November 4, 2025

Related Articles:

Best Wallet – Diversify Your Crypto Portfolio

• Easy to Use, Feature-Driven Crypto Wallet
• Get Early Access to Upcoming Token ICOs
• Multi-Chain, Multi-Wallet, Non-Custodial
• Now On App Store, Google Play
• Stake To Earn Native Token $BEST
• 250,000+ Monthly Active Users