Bitcoin’s nosedive that began earlier this morning continued previously hour or in order the asset plunged to a two-week low of simply over $105,000.
The altcoins have been obliterated as soon as once more, with BNB slumping under $1,000, ETH dropping by over 6%, and SOL plunging by over 8% each day.
CryptoPotato reported the primary wave of BTC declines that transpired earlier at present when the cryptocurrency was rejected at $111,000 and slumped by roughly 4 grand to $107,000. It managed to stabilize there at first and even tapped $108,000 earlier than the bears initiated one other leg down an hour in the past, pushing the asset south to $105,300 (on Bitstamp).
This multi-week low harmed over-leveraged merchants, as the overall longs liquidated for BTC alone are price over $300 million on a each day scale.
Even whales with impeccable data up up to now have been wrecked. Lookonchain reported that Machi Huge Brother has been absolutely liquidated, marking a complete lack of over $15 million. One other dealer – 0xc2a3 – that had a 100% win streak till at present has “surrendered,” closing BTC, ETH, and SOL longs at a loss. Their whole P&L went from over $33 million to -$17.6 million.
The 100% win streak is over — dealer 0xc2a3 has surrendered.
He closed all his $BTC longs and a part of his $ETH and $SOL longs at a loss.
His whole P&L has flipped from +$33M to –$17.6M.https://t.co/2I4Jrb3MUA pic.twitter.com/3bSIXFG9JV
— Lookonchain (@lookonchain) November 3, 2025
Most altcoins have suffered much more previously 24 hours, led by double-digit declines by ASTER (-20%), WLFI (-12%), APT (-12%), PEPE (-11.3%), WLD (-11%), ARB (-11%), and several other others.
Even the bigger caps weren’t spared. Ethereum slipped under $3,600 earlier at present, BNB trades under $1,000 as of press time, XRP has misplaced the $2.40 assist, whereas SOL has dumped under $170 after an 8% drop.
The whole worth of wrecked positions has skyrocketed to greater than $1.1 billion, in line with CoinGlass information. In whole, greater than 300,000 merchants have been liquidated, with the single-largest place going down on HTX, which was price virtually $34 million.
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