Bitcoin slips below $108k as cautious sentiment persists

Bitcoin fell below US$108,000 on November 3, reversing gains from a weekend rally that saw prices peak at US$111,000.

The drop followed reports of large holders selling nearly US$600 million in Bitcoin, increasing selling pressure late last week.

At 10:45 a.m. IST, Bitcoin was trading at around US$107,828, down 2.3% in 24 hours.

Ethereum also declined 3.6% to US$3,760, while major altcoins such as BNB, XRP, Solana, Dogecoin, Tron, Cardano, and Hyperliquid dropped over 6%.

The global cryptocurrency market cap slid 3% to US$3.6 trillion, according to CoinMarketCap.

Over the past week, Bitcoin dropped 6.6% and Ethereum was down 11.6%; altcoins fell over 16%.

Market sentiment remains cautious, with analysts pointing to ongoing sell pressure and a continued “fear” zone for traders.

🧠 Food for thought

Implications, context, and why it matters.

The piece cites $600 million in whale selling pushing Bitcoin under $108,000 but skips whether U.S. spot Bitcoin Exchange-Traded Funds (ETFs) had net inflows or outflows in that window 1. That read helps judge if institutions offset the drop.
BlackRock’s iShares Bitcoin Trust (IBIT), a spot Bitcoin ETF, logged an $88.1 million outflow on October 30, 2025 2. Redemptions beat creations, which hints at caution or profit-taking.
Grayscale Bitcoin Trust (GBTC), a spot Bitcoin ETF, had zero net flow on November 1, 2025, meaning no share creation or redemption 1.
Watch the flows. Inflows often lift prices, while outflows lean bearish 1 2. During whale selling, flat or negative prints imply little institutional demand.

Product and engineering teams at fintech and crypto trading apps see more demand when fear lingers, so users want automated risk tools that handle drawdowns (peak-to-trough declines) without panic-selling.
Real-time APIs with funding rates, open interest, and liquidation data help teams build alerts for stress events. Tardis.dev, a crypto market data provider that processes over 250,000 real-time streaming (WebSocket) messages per second, offers such feeds 3.
CoinAPI and CoinGlass, both crypto market data aggregators, publish futures metrics such as funding rates (periodic payments between long and short perpetual futures traders that reflect market imbalance) 4 5. Funding often updates every 8 hours, so apps can alert when rates turn very negative or when liquidations spike.
With these feeds, platforms can keep users during swings. Offer protective stops (stop-loss orders), position-sizing recommendations (risk-based allocation) or automatic deleveraging (reducing leverage to limit risk).