On November 4, 2025, the price of bitcoin fell below $105,000. At the moment, the asset was trading near $104,150 and at the time of writing its price is hovering near $104,600:

The altcoin market has also undergone a major collapse. Over the last 24 hours, all coins from the top 10 in terms of capitalization fell by 5-10%, and over the week their value collapsed by more than 15%:

Against this backdrop, the volume of futures liquidations in the cryptocurrency market surpassed the $1.32 billion mark in 24 hours.

During the last 24 hours, the positions of nearly 329,000 traders were closed. This resulted in losses of more than $1.17 billion for traders with open long positions and approximately $143 million for those with short positions. The main losses involved bitcoin and Ethereum trades, where positions worth approximately $378 million and $344 million were liquidated, respectively.

The Fear and Greed Index reached a value of 21 points, indicating “extreme fear” of traders. The index has fallen 21 points in the last 24 hours and 53 points in a month.

Recall, earlier in QCP Capital said that the “old” whales are pressing on the price of bitcoin.