Bitcoin Worth Information: After $1B BTC Whale Sale, Will Bitcoin Stabilize and Ethereum’s Ecosystem Priorities Increase Confidence?
Bitcoin enters November after posting its first detrimental October in six years.
The drop has sparked debate amongst merchants about whether or not the pullback indicators a deeper decline or a standard pause earlier than the subsequent transfer.
In keeping with CoinGecko, the Bitcoin worth is down about -4.4% up to now day and trades close to $107,000.
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That slide has helped pull the broader crypto market decrease, with whole worth down 2.2% to $3.64 trillion.
The retreat triggered greater than $1.16Bn in lengthy liquidations on November 3, displaying how shortly leverage has unwound throughout main venues.
(Supply: Coinglass)
The weak spot got here as world markets adjusted to shifting coverage indicators. Federal Reserve Chair Jerome Powell confirmed the top of quantitative tightening and mentioned fee cuts have been coming.
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Bitcoin Worth Prediction: Can Bitcoin Maintain Its Key Weekly Assist Close to $103,000?
However later feedback cooled hopes for a minimize in December, including uncertainty and weighing on danger belongings.
A protracted-silent Bitcoin pockets has additionally moved after almost 14 years. The tackle transferred 10,000 BTC, first bought for round $1.54 every, a crypto investor named Ted mentioned.
$BTC whale purchased 10,000 BTC at $1.54.
14 years in the past.
Offered it at the moment for $1,000,000,000.
pic.twitter.com/Sp7ysVeHM7
— Ted (@TedPillows) November 4, 2025
The holder is believed to have bought the complete quantity at the moment for roughly $1Bn, marking one of many largest profit-taking occasions linked to an early Bitcoin tackle.
On the charts, Bitcoin is now retesting a key help zone after pulling again towards a long-term blue moving-average line on the weekly timeframe.
The analyst famous that each main upswing since March 2023 has originated from this space, with previous touches leading to robust rebounds.
Each MASSIVE $BTC rally since March 2023 began from this blue line.
We’re again right here once more…
If this week closes beneath $103,000, this cycle may be over. pic.twitter.com/wk8Dyw9acC
— AlΞx Wacy
(@wacy_time1) November 4, 2025
Bitcoin is buying and selling near $103,000, sitting simply above its key shifting common band on the similar degree.
A weekly shut beneath this zone might sign that the rally is shedding energy and open the door to a deeper pullback, presumably towards the $40,000 space.
If the trendline holds, the broader uptrend stays in place. In that case, analysts see room for a transfer towards $150,000 if patrons regain management.
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Ethereum Worth Prediction: May Ethereum Rebound From Its Lengthy-Time period Assist In opposition to Bitcoin?
Merchants are watching how the market closes this week to get a clearer sign.
In the meantime, the Ethereum Basis has launched a revised grant program designed to take a extra proactive method to ecosystem help.
1/ ESP’s grant functions at the moment are OPEN!
Our new grants program is structured via two pathways:
Wishlist
Requests for Proposals (RFPs)
Discover the brand new alternatives and apply beneath!https://t.co/qg4gBL62ED
— EF Ecosystem Assist Program (@EF_ESP) November 3, 2025
The group paused new functions in August underneath its earlier ESP framework, saying it wanted time to reassess funding priorities.
It now runs via two paths: a “Wishlist” and a “Requests for Proposals” observe.
The Wishlist factors to broad areas the place the Ethereum Basis sees gaps value addressing. The RFP route outlines particular issues and asks candidates to current sensible options.
Available on the market aspect, Ethereum’s weekly chart in opposition to Bitcoin reveals the pair pulling again right into a key demand zone close to 0.032–0.035 BTC.
Analyst Michaël van de Poppe mentioned the world gives an inexpensive window for accumulation.
The pair has been sliding since its late-summer peak, giving again a powerful 145% rebound from April. Worth motion remains to be forming decrease highs, although the present pullback is nearing an earlier help space.
$ETH is at present shifting within the very best space for getting alternatives on the $BTC pair. pic.twitter.com/djvNEFAH6k
— Michaël van de Poppe (@CryptoMichNL) November 4, 2025
The 50-week shifting common stays above the market, displaying weak spot. Buying and selling quantity can also be waning, suggesting that promoting stress could also be easing.
If this help holds, a short-term bounce is feasible. But when patrons fail to defend the zone, the chart leaves room for a drop towards 0.026 BTC, with deeper ranges round 0.022–0.019 BTC.
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