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November 5, 2025

Bitcoin Falls Below $100,000 as Long Liquidations Exceed $1.6B

Bitcoin drops below $100,000 amid cascading long liquidations

Bitcoin (BTCUSD) slipped below the $100,000 mark in early trading, driven by a surge of long liquidations and a bearish technical tilt. Over the previous 24 hours the crypto market recorded approximately $2.07 billion in wiped-out positions (≈$1.67 billion long liquidations vs ~$389.97 million short), with the largest single liquidation about $47.87 million in BTC/USDT on HTX. The immediate technical picture now points to key support at $98,200 and a deeper support near $92,800.

Technical read: moving averages, momentum, and levels to watch

Key indicators are signaling short-term weakness. The 50-day EMA has crossed below the 100-day EMA — a bearish crossover that tends to compress short-term momentum. Momentum indicators are also unfavorable: MACD has turned negative and RSI sits around 29, which is in oversold territory but not a reliable immediate buy signal on its own.

Immediate levels traders should watch:

  • Support: $98,200 (first line), $92,800 (secondary).
  • Resistance: $105,250 (former support, now resistance).
  • Higher-resistance zones if recovery begins: $110,000+ on a sustained rebound.

Market impact: liquidations and volatility

The recent liquidation spike increases the risk of continued forced selling and heightened volatility. Large long squeezes can produce sharp intraday moves and pull correlated altcoins lower, even those with positive fundamentals. Notably, some altcoins bucked the trend: ZKUSD remains above its 200-day EMA after strong weekly gains and ICPUSD is testing its 200-day EMA — showing divergence across the market.

Where liquidations are concentrated matters: exchange-level large liquidations (such as the $47.87M event on HTX) can amplify short-term price moves and cause order-book thinning. Traders using leverage should reassess position sizing and maintenance margins to avoid forced exits. For broader context on flow-driven downside events, see ETF outflows pressure.

Trade ideas and risk management

Given the current environment, consider the following high-probability, short-term approaches while respecting risk limits:

  • Mean-reversion attempt: A disciplined long could be considered on a clean rebound above $100,000 with a tight stop below $98,200; an initial target to trim into is $105,250. Volatile conditions justify smaller sizes or staggered entries.
  • Momentum/short-on-rally: With the 50/100 EMA crossover and negative momentum, aggressive traders may prefer sell-on-rally entries beneath resistance near $105k–$110k, using stops above the highs of the retracement.
  • Altcoin selection: For selective long exposure, monitor coins holding above their long-term EMAs — but reduce correlation risk to BTC if using leverage.

Risk management checklist:

  • Reduce leverage and use explicit stop-loss levels to limit forced liquidations.
  • Avoid adding to losing positions (don’t average down blindly).
  • Size positions so unexpected spikes do not trigger margin calls.

Execution and automation

Volatile moves and fast liquidations make quick, disciplined execution critical. Traders who rely on automated systems can execute strategies without emotion and manage position sizing through pre-set rules. For Bitcoin-specific strategies, consider tools that support exchange execution and risk controls like the bitcoin trading bot. For assistance with live monitoring and trade adjustments, the trade assistant can help implement alerts and automated responses to predefined triggers. Also review slippage in fast markets to understand execution risk during liquidation events.

Macro backdrop and cross-market implications

While crypto-specific drivers dominate this move, macro factors remain relevant. A protracted US government shutdown has been weighing on USD strength, supporting risk assets in many scenarios — but unexpected escalation in risk sentiment could flip flows back into safe havens. Forex pairs such as EUR/USD have held gains near 1.1500 after a cautious ECB policy tone; any sudden risk-off linked to broader market stress could strengthen USD and weigh on risk assets including crypto.

Conclusion — plan for higher volatility and protect capital

Bitcoin's drop below $100,000 and the heavy long-liquidation event increase the likelihood of continued short-term volatility. Traders should prioritize capital protection: reduce leverage, use tight stop rules, and plan entries around clear technical levels ($98,200 support; $105,250 resistance). Automated trading and disciplined execution can help manage speed and emotion during these episodes — especially for crypto trading or cross-asset strategies that interact with forex markets.

If you want to test automated trade execution and risk controls, explore PlayOnBit’s suite of tools including the bitcoin trading bot and the trade assistant.