Crypto Markets Update: Bitcoin Approaches June Low Amidst $1.4B in Altcoin Liquidations

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 04 2025

Should l Buy BTC?

Market Overview: The cryptocurrency market is experiencing a significant sell-off, with Bitcoin nearing its lowest price since June and Ethereum also hitting multi-month lows, driven by a strong U.S. dollar and expectations of slower Federal Reserve rate cuts.
Liquidations and Altcoin Performance: Approximately $1.4 billion in crypto derivatives positions were liquidated, with major altcoins like Aster, Solana, and BNB suffering substantial losses, while privacy coins like Monero and Zcash showed resilience.
Dollar Strength Impact: The DXY dollar index reached 100 for the first time since July, contributing to bearish trends in risk assets, including Bitcoin and the broader crypto market.
Derivatives Trends: There is a notable divergence in futures activity between Bitcoin and Ethereum, with Ethereum futures seeing high open interest, while Bitcoin options indicate a bearish sentiment among traders.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	36137.94	48068.97	60407.96	72338.99	84677.98	96609.01	108948
Fibonacci	48068.97	57340.118	63067.842	72338.99	81610.138	87337.862	96609.01

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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