📉 Market and prices
1. 📉 Bitcoin plunged below $76 000**
BTC fell 5.2–6.3% in 24 hours, reaching $75 402–75 823. At one point, the price dropped to $75 463** — a seven-week low. The previous day, BTC exceeded $81 000 .
2. 📉 Ethereum plunged nearly 8%
ETH lost 7.5–7.8%, trading around $2 215–2 228. XRP fell 6–7% to $1,21, Solana — by 5–6% to $90 .
3. 💥 $1.09B liquidated in 24 hours**
About **$952M (87.7%) came from long positions. More than 211,000 traders were affected. The largest liquidation was a $10.94M ETH long on Binance.
4. 😨 Fear and Greed Index — 28–34
The index plunged from 50 into the “fear” zone, reflecting a sharp deterioration in sentiment.
5. 📉 All sectors in the red
DePIN fell 7.31% (GRASS -14.32%, FIL -8.47%), DeFi — 6.45% (ENA -10.58%), Layer 2 — 5.10%, PayFi — 5.07%, and Layer 1 — 4.06%.
6. 📉 Zcash and Monero under pressure
ZEC fell 2.56% to $1,277, while XMR dropped 2.83% to $620.
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📉 Reasons for the decline
7. 🏛️ Democrats took Congress — markets were spooked
The Democrats’ victory in both chambers sparked concerns that regulation of AI data centers would tighten, hurting miners diversifying into AI infrastructure. Uncertainty around crypto legislation also increased.
8. 📉 Nasdaq plunged 5.5%
Its worst day since March 2020. The Philadelphia Semiconductor Index fell 12.3%: Nvidia -9.26%, AMD -17.26%. The S&P 500 lost $2.9T in market capitalization.
9. 🐋 Hedge funds were forced to close positions
Analysts point out that hedge fund deleveraging may have exacerbated the sell-off. Walleye Capital (-5.9% in October) is scaling back its business, while several funds are facing withdrawals—the highest level since 2009.
10. ⛽ Oil reversed higher
Uncertainty surrounding the US–Iran war pushed WTI above $90 and Brent toward $97, adding pressure on risk assets.
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🐋 Large transactions
11. 🐋 Dormant whale moves 1,286 BTC worth $98.11M
A wallet that had been inactive for a year withdrew BTC from Binance in two transactions over 24 hours. The latest withdrawal was 643 BTC ($48.58M).
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🏦 ETF and institutional flows
12. 📉 ETF: $74.57M inflow on November 4
A modest inflow interrupted a three-day streak of outflows, but it was not enough to offset selling pressure.
13. 📉 But outflows resumed
ETFs lost $398.6M on November 2**, followed by another **$115.6M on November 3. Institutional demand remains fragile.
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🎯 Technical levels and forecasts
14. 🎯 Support — $75,000–75,400**
Long liquidation levels are concentrated here. A break below this range would intensify pressure. The next line of defense is **$73,000.
15. 🎯 Resistance — $76,800–77,300
Short liquidation levels are located here. A move back above $77,000 could trigger a short-term bounce.
16. ⚠️ Wintermute: $73,000 and $68,000 are the next support levels
If the decline continues, these levels will become critical. For a reversal, BTC must reclaim and hold above $80,000.
17. 📉 BTC’s realized average price is $77,700
The price is below investors’ average purchase price—a bearish psychological signal. Whether $75,000 holds will determine if further selling follows.
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📅 On the horizon
18. 📊 Jobs data — today
Nonfarm payrolls will be the next macro trigger and could change expectations for the Fed’s interest rate.
19. 📉 Fifth consecutive down week
BTC is on track to close the week lower, down around 4.7%.
20. ⚠️ Key risk — further deleveraging
If hedge funds continue closing positions to return capital, pressure on the crypto market may persist regardless of fundamental news.
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📌 Summary: The post-election rally proved to be a trap — BTC returned to $75K, giving up all its gains. The cause is not just politics, but also the AI stock sell-off and forced hedge fund liquidations. Liquidations exceeded $1B, and ETFs are seeing outflows again. The key level is $75,000: whether it holds will determine if there is a technical bounce or a continued decline to $73K and below.
