🚨 Black Thursday in Crypto: Bitcoin Plummets Below $100K—Is the Bear Market Confirmed?

 

​🚨 Black Thursday in Crypto: Bitcoin Plummets Below $100K—Is the Bear Market Confirmed?

​Date: November 6, 2025

Author: Perotrades 

​The crypto market woke up to a brutal reality check today, November 6, 2025. Following days of persistent selling pressure, Bitcoin (BTC) has officially broken below the crucial psychological and technical support level of $100,000 for the first time in months. This dramatic slide—a drop of over 20% from its October peak—officially marks the return of the bear market.

​The $99,000 Bottom: A Test of Long-Term Holders

​BTC’s decline is not a sudden whale-dump anymore; it is a sustained downturn driven by a lethal cocktail of negative sentiment:

  1. ​Spot ETF Outflows: US Spot Bitcoin ETFs have seen significant net outflows since late October, removing a key stabilizing force that had supported previous dips.

  1. ​Macroeconomic Stress: Tightening financial conditions and cautious equity markets have amplified the risk-off sentiment in the highly volatile crypto space.

  1. ​Liquidation Cascade: The technical breakdown below $100,000 has triggered a fresh wave of long liquidations, amplifying the downward price movement and fueling "panic selling" among short-term traders.

​BTC's current low has tested the $99,000 level, putting the average cost basis for many short-term holders underwater and forcing loss realization across the board.





​Altcoins Bleed, But One Giant Bucks the Trend

​As is typical in a Bitcoin-led downturn, altcoins are feeling the most pain. Ethereum ($ETH) is struggling to hold its vital $3,700 support, and other high-beta tokens like Solana ($SOL) have experienced sharp, double-digit percentage losses.

​The Counter-Narrative: Ripple's $500M Boost

​However, in a fascinating display of divergence, Ripple (XRP) announced a massive $500 million funding round at a whopping $40 billion valuation. This institutional confidence signals that smart money is looking past the current volatility and betting big on utility-focused enterprise solutions, potentially positioning XRP as a safe haven from the turbulence rocking the market's main assets.

​What Now? The Bear Market Support Levels

​For Bitcoin, the immediate focus shifts to the next major technical support at $94,000. If selling pressure continues, analysts are warning that a deeper correction could push the price towards the long-term cycle bottom targets in the $50,000–$55,000 range.

​Today is a critical day for crypto. The market is testing the conviction of every investor.


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