{"id":410398,"date":"2025-11-06T17:08:31","date_gmt":"2025-11-06T11:38:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/btc-tests-key-support-at-99k-as-long-term-holder-selling-continues-crypto-news\/"},"modified":"2025-11-06T17:21:04","modified_gmt":"2025-11-06T11:51:04","slug":"btc-tests-key-support-at-99k-as-long-term-holder-selling-continues-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/btc-tests-key-support-at-99k-as-long-term-holder-selling-continues-crypto-news\/","title":{"rendered":"BTC Tests Key Support at $99K as Long-Term Holder Selling Continues &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>Total market cap is slightly in the red today while large-caps are mostly flat or down.\n<\/p>\n<div>\n<p>Crypto markets are mixed on Wednesday, Nov. 5, with most large-cap assets <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/news\/markets\/bitcoin-breaches-10-10-low-as-it-approaches-usd100-000\" target=\"__blank\" rel=\"noopener noreferrer \">continuing<\/a> to trade in the red, while Bitcoin dipped below $100,000 twice over the past 24 hours.<\/p>\n<p>Bitcoin (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/prices\/bitcoin\" target=\"__blank\" rel=\"noopener noreferrer \">BTC<\/a>) is down 1.2% on the day and trading around $102,600 at press time.<\/p>\n<figure><figcaption class=\"text-center text-xs\">BTC 24-hour price chart. Source: CoinGecko<\/figcaption><\/figure>\n<p>Ethereum (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/prices\/ethereum\" target=\"__blank\" rel=\"noopener noreferrer \">ETH<\/a>) is down the most among the top-20 large caps today,  losing and trading around $3,335. XRP, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/prices\/binancecoin\" target=\"__blank\" rel=\"noopener noreferrer \">BNB<\/a>, TRON (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/prices\/tron\" target=\"__blank\" rel=\"noopener noreferrer \">TRX<\/a>), Dogecoin (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/prices\/tron\" target=\"__blank\" rel=\"noopener noreferrer \">DOGE<\/a>), Cardano (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/prices\/cardano\" target=\"__blank\" rel=\"noopener noreferrer \">ADA<\/a>), and Chainlink (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/prices\/chainlink\" target=\"__blank\" rel=\"noopener noreferrer \">LINK<\/a>) are flat or slightly in the green, while Hyperliquid\u2019s <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/prices\/hyperliquid\" target=\"__blank\" rel=\"noopener noreferrer \">HYPE<\/a> fared better, up 8.8% today.<\/p>\n<p>A glassnode analyst noted that they\u2019re seeing \u201cdecent spike in realized loss,\u201d suggesting some degree of capitulation among Bitcoin holders.<\/p>\n<figure><img alt=\"the-defiant\" loading=\"lazy\" width=\"1600\" height=\"609\" decoding=\"async\" data-nimg=\"1\" class=\"mx-auto\" style=\"color:transparent;background-size:cover;background-position:50% 50%;background-repeat:no-repeat;background-image:url(\"data:image\/svg+xml;charset=utf-8,%3Csvg xmlns='http:\/\/www.w3.org\/2000\/svg' viewBox='0 0 1600 609'%3E%3Cfilter id='b' color-interpolation-filters='sRGB'%3E%3CfeGaussianBlur stdDeviation='20'\/%3E%3CfeColorMatrix values='1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 100 -1' result='s'\/%3E%3CfeFlood x='0' y='0' width='100%25' height='100%25'\/%3E%3CfeComposite operator='out' in='s'\/%3E%3CfeComposite in2='SourceGraphic'\/%3E%3CfeGaussianBlur stdDeviation='20'\/%3E%3C\/filter%3E%3Cimage width='100%25' height='100%25' x='0' y='0' preserveAspectRatio='none' style='filter: url(%23b);' href='data:image\/jpeg;base64,\/9j\/2wBDAAYEBQYFBAYGBQYHBwYIChAKCgkJChQODwwQFxQYGBcUFhYaHSUfGhsjHBYWICwgIyYnKSopGR8tMC0oMCUoKSj\/2wBDAQcHBwoIChMKChMoGhYaKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCj\/wAARCAAEAAoDASIAAhEBAxEB\/8QAFgABAQEAAAAAAAAAAAAAAAAAAAYH\/8QAGxAAAgMAAwAAAAAAAAAAAAAAAQMAAgQFESH\/xAAUAQEAAAAAAAAAAAAAAAAAAAAE\/8QAGBEBAAMBAAAAAAAAAAAAAAAAAQACAxH\/2gAMAwEAAhEDEQA\/ANy2clqq4CrSB3KBWhhXQm3pAiIfNesdtUKk\/9k='\/%3E%3C\/svg%3E\")\" srcset=\"\/_next\/image?url=https%3A%2F%2Fcdn.thedefiant.io%2Fpasted-1762354884892-png-cffc35b0-3d59-4238-8fe8-9e6cd8b27dc5.png&#038;w=1920&#038;q=100 1x, \/_next\/image?url=https%3A%2F%2Fcdn.thedefiant.io%2Fpasted-1762354884892-png-cffc35b0-3d59-4238-8fe8-9e6cd8b27dc5.png&#038;w=3840&#038;q=100 2x\" src=\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.thedefiant.io%2Fpasted-1762354884892-png-cffc35b0-3d59-4238-8fe8-9e6cd8b27dc5.png&#038;w=3840&#038;q=100\"\/><figcaption class=\"text-center text-xs\">BTC realized loss. Source: glassnode<\/figcaption><\/figure>\n<p>Glassnode analyst Chris Beamish wrote in <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/ChrisBeamish_\/status\/1986014432103719104\" target=\"__blank\" rel=\"noopener noreferrer \">an X post<\/a> today: \u201cstill seeing lots of long-term holder selling, but will be interested to see if the selling persists at these levels.\u201d<\/p>\n<p>As glassnode explained in a Nov. 4 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/glassnode\/status\/1985655831094862154\" target=\"__blank\" rel=\"noopener noreferrer \">X post<\/a>, a key level for Bitcoin is around $99,000, which has \u201chistorically provided support during pullbacks.\u201d<\/p>\n<p>Mark Hiriart, an executive at digital asset trading firm Zerocap, said in commentary shared with The Defiant that historically, November has been \u201cBTC&#8217;s strongest month,\u201d but this &#8220;healthy correction,\u201d which brought BTC\u2019s price down 10% from the $110,000 peak \u201caligns with patterns seen in prior cycles, where post-euphoria dips precede stronger legs up.\u201d<\/p>\n<h2>Big Movers and Liquidations<\/h2>\n<p>Among the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/crypto-gainers-losers?top=100\" target=\"__blank\" rel=\"noopener noreferrer \">top-100 assets<\/a>, decentralized perpetuals exchange Aster\u2019s ASTER and Zcash (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/prices\/zcash\" target=\"__blank\" rel=\"noopener noreferrer \">ZEC<\/a>) are the biggest gainers today, both up around 15%.<\/p>\n<p>For Aster, the price surge follows <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/_FORAB\/status\/1985891843448672401\" target=\"__blank\" rel=\"noopener noreferrer \">reports<\/a> that its CEO announced plans to build a privacy\u2011focused public chain aimed at traders, with gas-free transactions.<\/p>\n<p>Meanwhile, today\u2019s biggest losers are <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/prices\/dash\" target=\"__blank\" rel=\"noopener noreferrer \">DASH<\/a> \u2014 one of yesterday\u2019s top gainers \u2014 and Internet Computer (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/prices\/internet-computer\" target=\"__blank\" rel=\"noopener noreferrer \">ICP<\/a>), which lost 27% and 11% respectively. For DASH the fall marks a correction from the asset\u2019s surge over the last week, and it&#8217;s still up over 110% on that timeframe, joining the broader privacy coin rally, as The Defiant previously <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/news\/markets\/privacy-coin-rally-continues-as-dash-surges-150\" target=\"__blank\" rel=\"noopener noreferrer \">reported<\/a>.<\/p>\n<p>Meanwhile, data from <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"__blank\" rel=\"noopener noreferrer \">Coinglass<\/a> shows that over $1.7 billion in leveraged positions were liquidated in the past 24 hours, including $1.29 billion in longs and around $403 million in shorts. Ethereum accounted for $575 million of that total, followed by Bitcoin at $485 million, and MMT with $134 million.<\/p>\n<h2>ETFs and Market Sentiment<\/h2>\n<p>On Tuesday, Nov. 4, spot Ethereum ETFs recorded their fifth consecutive day of outflows, with $219 million in net outflows, bringing total net assets to $21.1 billion. Spot Bitcoin ETFs also continued their net outflows with over $577 million leaving the products, according to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\" target=\"__blank\" rel=\"noopener noreferrer \">SoSoValue<\/a>. <\/p>\n<p>On the macroeconomic front, U.S. private companies added 42,000 positions in October, rebounding from a 29,000 drop in September and beating the expected 22,000 gain, CNBC <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/11\/05\/private-payrolls-rose-42000-in-october-more-than-expected-and-countering-labor-market-fears-adp-says.html\" target=\"__blank\" rel=\"noopener noreferrer \">reported<\/a> today.<\/p>\n<p>All the growth came from larger companies with 250+ employees, which added 76,000 jobs, while smaller businesses cut 34,000.<\/p>\n<p>At the same time, the number of job openings in the U.S. fell to their lowest level in over four and a half years as October ended, with the government shutdown continuing, according to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/11\/04\/job-openings-in-october-slumped-to-the-lowest-level-since-early-february-indeed-measure-shows.html\" target=\"__blank\" rel=\"noopener noreferrer \">data<\/a> from job site Indeed.<\/p>\n<p>In DeFi, sentiment continues to be bleak this week, as news of the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/news\/hacks\/crypto-community-divided-on-defi-trust-implications-after-usd128m-balancer-exploit\" target=\"__blank\" rel=\"noopener noreferrer \">Balancer hack <\/a>and the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/news\/defi\/contagion-fears-loom-as-stream-finance-discloses-usd93-million-loss\" target=\"__blank\" rel=\"noopener noreferrer \">collapse<\/a> of yield optimizer Stream Finance <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/newsletter\/defi-daily\/balancer-and-stream-shake-confidence-in-defi\" target=\"__blank\" rel=\"noopener noreferrer \">shake confidence<\/a> in the sector. <\/p>\n<p>Per the crypto market Fear &#038; Greed Index, sentiment has shifted to extreme fear over the past two days.<\/p>\n<figure><img alt=\"the-defiant\" loading=\"lazy\" width=\"1518\" height=\"662\" decoding=\"async\" data-nimg=\"1\" class=\"mx-auto\" style=\"color:transparent;background-size:cover;background-position:50% 50%;background-repeat:no-repeat;background-image:url(\"data:image\/svg+xml;charset=utf-8,%3Csvg xmlns='http:\/\/www.w3.org\/2000\/svg' viewBox='0 0 1518 662'%3E%3Cfilter id='b' color-interpolation-filters='sRGB'%3E%3CfeGaussianBlur stdDeviation='20'\/%3E%3CfeColorMatrix values='1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 100 -1' result='s'\/%3E%3CfeFlood x='0' y='0' width='100%25' height='100%25'\/%3E%3CfeComposite operator='out' in='s'\/%3E%3CfeComposite in2='SourceGraphic'\/%3E%3CfeGaussianBlur stdDeviation='20'\/%3E%3C\/filter%3E%3Cimage width='100%25' height='100%25' x='0' y='0' preserveAspectRatio='none' style='filter: url(%23b);' href='data:image\/jpeg;base64,\/9j\/2wBDAAYEBQYFBAYGBQYHBwYIChAKCgkJChQODwwQFxQYGBcUFhYaHSUfGhsjHBYWICwgIyYnKSopGR8tMC0oMCUoKSj\/2wBDAQcHBwoIChMKChMoGhYaKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCgoKCj\/wAARCAAEAAoDASIAAhEBAxEB\/8QAFgABAQEAAAAAAAAAAAAAAAAAAAMI\/8QAGxABAQABBQAAAAAAAAAAAAAAAQACAyEiMUH\/xAAVAQEBAAAAAAAAAAAAAAAAAAACA\/\/EABcRAAMBAAAAAAAAAAAAAAAAAAABMQL\/2gAMAwEAAhEDEQA\/ANOaGIAeUcjk7vclHcQlT\/\/Z'\/%3E%3C\/svg%3E\")\" srcset=\"\/_next\/image?url=https%3A%2F%2Fcdn.thedefiant.io%2Fscreenshot-2025-11-05-at-3-17-54-pm-png-d30d4342-b45e-4d6f-b257-984663540e68.png&#038;w=1920&#038;q=100 1x, \/_next\/image?url=https%3A%2F%2Fcdn.thedefiant.io%2Fscreenshot-2025-11-05-at-3-17-54-pm-png-d30d4342-b45e-4d6f-b257-984663540e68.png&#038;w=3840&#038;q=100 2x\" src=\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.thedefiant.io%2Fscreenshot-2025-11-05-at-3-17-54-pm-png-d30d4342-b45e-4d6f-b257-984663540e68.png&#038;w=3840&#038;q=100\"\/><figcaption class=\"text-center text-xs\">Crypto Fear &#038; Greed Index on Nov. 5, 2025<\/figcaption><\/figure>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Total market cap is slightly in the red today while large-caps are mostly flat or down. Crypto markets are mixed on Wednesday, Nov. 5, with most large-cap assets continuing to trade in the red, while Bitcoin dipped below $100,000 twice over the past 24 hours. Bitcoin (BTC) is down 1.2% on the day and trading [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":410401,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-410398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/410398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=410398"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/410398\/revisions"}],"predecessor-version":[{"id":410403,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/410398\/revisions\/410403"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/410401"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=410398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=410398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=410398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}