In crypto news today, Bitcoin (BTC) is trading at
, barely scraping by above the $100,000 mark. It is up by 1.2% on the daily chart, and still down by 6.95% on the weekly.
However, all hope is not lost. Bitwise’s Chief Investment Officer, Matt Hougan, believes that BTC’s steep selloff, causing its price to dip temporarily below $100,000 for the first time since June this year, is more panic than based on the fundamentals.
In an interview with CNBC, he said, “It’s almost a tale of two markets.” He said that retail traders have faced months of losses and failed leveraged bets, causing the market to become downbeat.
On the flipside, financial advisers and institutions are scooping up BTC at low prices through ETFs like iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and Grayscale Bitcoin Trust (GBTC).
JUST IN: $12 billion Bitwise CIO Matt Hougan on CNBC: “I am optimistic that we are going to rally at the end of the year.”
pic.twitter.com/QsEOKaeKBS
— Bitcoin Magazine (@BitcoinMagazine) November 5, 2025
Although the pace of accumulation has slowed down since mid-year, Hougan pointed out that the inflows are still positive, meaning institutional investors have not lost confidence in the digital gold.
“When I talk to advisors and institutions,” he said, “they’re still excited to allocate to an asset class that, if you zoom out, is delivering strong returns over the past year.”
For now, BTC has stabilized above the $103,000 level. However, it is still not in the clear. It is still trading below its recent high at $110,000. However, technical signals suggest that BTC might be gearing up for a potential uptrend.
$BTC is back above the $103,000 level.
This is a key level for Bitcoin to hold; otherwise, there'll be another low.
I still don't feel confident about this rally and think that BTC could fill the CME gap at the $92,000 level. pic.twitter.com/09sKmA5ak1
— Ted (@TedPillows) November 6, 2025
Trading volumes highlight that investors are buying and holding near the $103,000 level. According to a crypto analyst SatochiTrader, BTC formed a higher low, meaning the price did not fall as much as before, and that it might be looking to climb again.
(Source: TradingView)
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Crypto News Today: ETH Targets $4k, Short Sellers Cornered?
Currently,
is trading at
after bouncing back by 2.23% in the last 24 hours from $3,055, which triggered over $1.3 billion in long liquidations.
The sudden crash wiped out many overleveraged bullish positions, especially around $3,200 levels. The market is currently heavily tilted towards short positions, setting the stage for a $7 billion short squeeze if the price rebounds.
(Source: CoinGlass)
Technical indicators suggest that ETH might be bottoming out. However, a hidden bullish divergence on the daily chart suggests a potential trend reversal.
ETH/BTC is still fighting this massive resistance level.
We are so close to a breakout though.
I remain optimistic here for $ETH. pic.twitter.com/0UjYU1LHIp
— Mister Crypto (@misterrcrypto) November 6, 2025
ETH is testing long-term support levels between $3000 and $2,800 that have historically held strong. If its price starts to recover, it could trigger a wave of short liquidations that can potentially push the price towards $4,000.
Regarding the fundamentals, ETH has continued to gain institutional traction. Swiss banking giant UBS recently used Chainlink’s Digital Transfer Agent to redeem digital fund shares (called uMINT) on ETH.
ETH is down by 13% on the weekly chart, but has managed a small win of 2.57% in the last 24 hours.
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ETH Nightmare Scenario? Analysts Warns of A Downside Risk
Crypto analyst Ali Martinez, known as @ali_charts on X, has outlined a worst-case scenario for ETH. He has warned that ETH’s price could drop as low as $1,700.
He believes that ETH might not recover to $4,000 and could lose momentum near the $3,800 support level.
The worst-case scenario: Ethereum $ETH fails to reclaim $4,000, breaks through $3,800 support, and drops to $2,400 or $1,700. pic.twitter.com/oKK5VbVRd0
— Ali (@ali_charts) November 4, 2025
Based on his chart’s analysis, ETH could drop to $2,400 or even $1,700 by mid-2026. If that comes to pass, it would mean a 46% decline from its current price.
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The post [LIVE]Crypto News Today: BTC Bulls Still In Play? ETH Targets $4k As Big Money Moves In appeared first on 99Bitcoins.
