Bitcoin Drops Below $100K as Long-Term Holders Sell 400,000 BTC ($45B)

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

COINOTAG News, November 5, citing Bloomberg, reports that Bitcoin fell as much as 7.4% on Tuesday, dipping below the $100,000 level for the first time since June, underscoring renewed volatility in the crypto market.

In the past month, long-term BTC holders have moved roughly 400,000 BTC, equating to about $45 billion in outflows and creating a clear supply-demand imbalance in spot liquidity. The decline appears driven by persistent selling pressure in the spot market, with investors focusing on those long-term holders who liquidated positions, shaping near-term price dynamics.

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