{"id":15468,"date":"2025-11-07T12:47:02","date_gmt":"2025-11-07T12:47:02","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-price-crashes-below-100k-whats-triggering-the-sell-off-today\/"},"modified":"2025-11-07T12:47:07","modified_gmt":"2025-11-07T12:47:07","slug":"bitcoin-price-crashes-below-100k-whats-triggering-the-sell-off-today","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-price-crashes-below-100k-whats-triggering-the-sell-off-today\/","title":{"rendered":"Bitcoin price crashes below $100K, what\u2019s triggering the sell-off today?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin price has fallen off the $100,000 threshold after fighting to stay above the mark. At the moment, it is trading at $99,926. What triggered the sell-off?<\/p>\n<div id=\"cn-block-summary-block_b41ccbc424858921e682887eca0597f4\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin falls below the $100,000 mark for the first time since June 2025, with technical indicators hinting at short-term rebound patterns on the horizon.<\/li>\n<li>The sharp drop is mostly driven by a combination of institutional outflows, and broader macroeconomic pressures, with analysts warning that BTC could retest the $91,000 to $97,000 support range.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The price of Bitcoin has officially dipped below the psychological $100,000 mark, indicating a strong continuation of bearish momentum on the market. For the past few days, BTC has been struggling to maintain key support zones, having failed to hold the $110,000 to $112,000 range earlier this week.<\/p>\n<p>The price drop marks the weakest Bitcoin\u2019s ever been since its descent in late June during a broader crypto market correction. At the time, BTC was able to bounce back thanks to continued buying, which catapulted the price back to $101,300 within minutes.<\/p>\n<p>This time, Bitcoin (BTC) has dropped by 3.11% in the past day, continuing its declining streak from earlier this week as it experienced a decrease of 9% within the past seven days.<\/p>\n<p>According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/klwkjTNu\/?symbol=BITSTAMP%3ABTCUSD\" target=\"_blank\" rel=\"nofollow\">data<\/a> from TradingView, the 30-day moving average has been on a sharp downward trend, currently sitting at around $101,887 as the token\u2019s price drops below the line. This indicates that sellers still have control over the short-term momentum.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Bitcoin price has fallen below $100,000 for the first time since late June 2025 | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/chart\/klwkjTNu\/?symbol=BITSTAMP%3ABTCUSD\" target=\"_blank\" rel=\"nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Bitcoin\u2019s break beneath the $100,000 mark has now turned the $100,000 to $102,000 range into an immediate resistance zone. This means that unless Bitcoin price manages to reclaim this range with strong volume, any attempts at reclaiming $100k would likely be short-lived.<\/p>\n<p>Moreover, the next key support level lies around $99,000, which is then followed by the $97,500 to $95,000 area. When BTC starts to drop further down, buyers may attempt to stabilize the price amidst the decline.<\/p>\n<p>Historically, round-numbered levels like $100,000 tend to act as emotional anchors for traders. This would mean that a fall below these levels could potentially trigger a domino effect of stop-loss orders and panic selling that could add to the downside pressure.<\/p>\n<p>The Relative Strength Index sits at 32, which indicates that it is fast-approaching oversold territory; suggesting that while selling pressure is still dominating the market, BTC could experience a short-term rebound or a sideways consolidation before its next major move.<\/p>\n<p>However, it appears that bearish momentum is likely to continue unless Bitcoin\u2019s RSI can climb back to the previous neutral line at 50.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">What\u2019s causing Bitcoin price to drop?<\/h2>\n<p>Bitcoin\u2019s drop below the $100,000 level comes after a week of increased selling pressure, which is largely driven by institutional outflows and changes in investor sentiment. On Nov. 7, Bitcoin exchange traded-funds recorded inflows of $240 million, ending its six-day outflow streak. <\/p>\n<p>However this was not enough to sustain the price above $100,000. The spot ETFs backed by Bitcoin had already lost more than $2 billion in exit funds in the days past. November has proven to be a challenging month for U.S spot Bitcoin ETFs as it has seen $661 million in net outflows, a sharp contrast compared to October and September which saw $3.53 billion and $3.42 billion in inflows, respectively.<\/p>\n<p>In addition, broader macroeconomic factors have played a key part in BTC\u2019s downfall. Global markets have turned away from risk-laden assets due to persistent high interest rates and concerns about slow economic growth. As a result, investors tend to move away from volatile assets like crypto and move towards more conservative assets like government bonds or cash.<\/p>\n<p>As previously reported by crypto.news, Bitcoin price could retest the $91,000 to $97,000 range as the Market Value to Realized Value ratio forms a bearish divergence. The MVRV ratio, which tracks unrealized profit across the network, suggests that buyers have taken a more cautious approach this cycle, which could explain why Bitcoin price has seen significantly less accumulation action. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price has fallen off the $100,000 threshold after fighting to stay above the mark. At the moment, it is trading at $99,926. What triggered the sell-off? Summary Bitcoin falls&hellip;<\/p>\n","protected":false},"author":1,"featured_media":14967,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=15468"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15468\/revisions"}],"predecessor-version":[{"id":15469,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/15468\/revisions\/15469"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/14967"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=15468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=15468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=15468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}