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Bitcoin Value Information: After $1B BTC Whale Sale, Will Bitcoin Stabilize and Ethereum’s Ecosystem Priorities Increase Confidence?
Bitcoin enters November after posting its first unfavourable October in six years.
The drop has sparked debate amongst merchants about whether or not the pullback alerts a deeper decline or a traditional pause earlier than the following transfer.
In keeping with CoinGecko, the Bitcoin value is down about -4.4% previously day and trades close to $107,000.
That slide has helped pull the broader crypto market decrease, with whole worth down 2.2% to $3.64 trillion.
The retreat triggered greater than $1.16Bn in lengthy liquidations on November 3, displaying how rapidly leverage has unwound throughout main venues.
(Supply: Coinglass)
The weak point got here as international markets adjusted to shifting coverage alerts. Federal Reserve Chair Jerome Powell confirmed the top of quantitative tightening and mentioned fee cuts had been coming.
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Bitcoin Value Prediction: Can Bitcoin Maintain Its Key Weekly Assist Close to $103,000?
However later feedback cooled hopes for a reduce in December, including uncertainty and weighing on danger belongings.
An extended-silent Bitcoin pockets has additionally moved after almost 14 years. The deal with transferred 10,000 BTC, first bought for round $1.54 every, a crypto investor named Ted mentioned.
$BTC whale purchased 10,000 BTC at $1.54.
14 years in the past.
Bought it as we speak for $1,000,000,000. ✌️ pic.twitter.com/Sp7ysVeHM7
— Ted (@TedPillows) November 4, 2025
The holder is believed to have offered the complete quantity as we speak for roughly $1Bn, marking one of many largest profit-taking occasions linked to an early Bitcoin deal with.
On the charts, Bitcoin is now retesting a key assist zone after pulling again towards a long-term blue moving-average line on the weekly timeframe.
The analyst famous that each main upswing since March 2023 has originated from this space, with previous touches leading to robust rebounds.
Each MASSIVE $BTC rally since March 2023 began from this blue line.
We’re again right here once more…
If this week closes beneath $103,000, this cycle is likely to be over. pic.twitter.com/wk8Dyw9acC
— AlΞx Wacy 🌐 (@wacy_time1) November 4, 2025
Bitcoin is buying and selling near $103,000, sitting simply above its key shifting common band on the similar stage.
A weekly shut beneath this zone might sign that the rally is shedding energy and open the door to a deeper pullback, presumably towards the $40,000 space.
If the trendline holds, the broader uptrend stays in place. In that case, analysts see room for a transfer towards $150,000 if consumers regain management.
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Ethereum Value Prediction: May Ethereum Rebound From Its Lengthy-Time period Assist In opposition to Bitcoin?
Merchants are watching how the market closes this week to get a clearer sign.
In the meantime, the Ethereum Basis has launched a revised grant program designed to take a extra proactive method to ecosystem assist.
1/ ESP’s grant functions at the moment are OPEN! ✨
Our new grants program is structured by two pathways:
💡 Wishlist🎯 Requests for Proposals (RFPs)
Discover the brand new alternatives and apply beneath!https://t.co/qg4gBL62ED
— EF Ecosystem Assist Program (@EF_ESP) November 3, 2025
The group paused new functions in August underneath its earlier ESP framework, saying it wanted time to reassess funding priorities.
It now runs by two paths: a “Wishlist” and a “Requests for Proposals” monitor.
The Wishlist factors to broad areas the place the Ethereum Basis sees gaps value addressing. The RFP route outlines particular issues and asks candidates to current sensible options.
In the marketplace aspect, Ethereum’s weekly chart in opposition to Bitcoin exhibits the pair pulling again right into a key demand zone close to 0.032–0.035 BTC.
Analyst Michaël van de Poppe mentioned the realm gives an inexpensive window for accumulation.
The pair has been sliding since its late-summer peak, giving again a powerful 145% rebound from April. Value motion remains to be forming decrease highs, although the present pullback is nearing an earlier assist space.
$ETH is presently shifting within the superb space for getting alternatives on the $BTC pair. pic.twitter.com/djvNEFAH6k
— Michaël van de Poppe (@CryptoMichNL) November 4, 2025
The 50-week shifting common stays above the market, displaying weak point. Buying and selling quantity can also be waning, suggesting that promoting strain could also be easing.
If this assist holds, a short-term bounce is feasible. But when consumers fail to defend the zone, the chart leaves room for a drop towards 0.026 BTC, with deeper ranges round 0.022–0.019 BTC.
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