If You want to Know Why market Down Today
Read This article.it will help you to figure out.
JELLYJELLYUSDT
Perp
0.06664
-7.26%
ARCUSDT
Perp
0.03066
-4.00%
KITEUSDT
Perp
0.07575
+7.21%
Why the Crypto Market Down Today, November 3?
The cryptocurrency market is seeing a significant downturn, with the total market capitalization falling nearly 3% as of November 3, 2025. This sell-off has impacted Bitcoin, Ethereum, and major altcoins, leading to declines of over 10% in some assets and triggering more than $400 million in liquidations within 24 hours.
What’s driving this sudden drop? Several key factors are at play.
1. Federal Reserve Policy and Market Doubt
A primary driver for today's drop is renewed caution from the U.S. Federal Reserve. Following the 25-basis-point rate cut in October, Fed Chair Powell commented that another cut in December isn't "a foregone conclusion."
This statement has boosted the U.S. dollar and cooled investor sentiment for risk assets, including crypto. Treasury Secretary Scott Bessent echoed this cautious tone, warning that tight policies have already slowed parts of the economy, leaving limited room for more cuts.
Reflecting this growing doubt, the FedWatch Tool now shows the probability of a December rate cut has fallen to 69.3%.
2. Bitcoin ETF Outflows Signal Investor Retreat
Adding to the bearish pressure, Spot Bitcoin ETFs are experiencing heavy outflows. Recent data from Fairside indicates that U.S. spot Bitcoin ETFs recorded a substantial $1.15 billion in withdrawals last week alone.
The largest outflows were seen from major funds managed by BlackRock, ARK Invest, and Fidelity. This suggests that institutional and retail investors are pulling back from these key Bitcoin-linked financial products, signaling a significant reduction in demand.
3. The $400M Liquidation Cascade
The technical breakdown of Bitcoin below the $107,500 support level acted as a major trigger. This break initiated a chain reaction of long liquidations, wiping out nearly $400 million in leveraged positions and affecting over 162,000 traders in a single day.
Bitcoin saw $74.6 million in long positions liquidated.Ethereum was hit even harder, with $85.6 million in longs liquidated.
This rapid, forced selling has intensified the downward momentum. Analysts are now warning that if Bitcoin fails to hold the $106,000 level, it could trigger another, much larger wave of liquidations estimated at $6 billion.
4. Altcoins Hit Harder as Dominance Rises
As is common during sharp sell-offs, altcoins are suffering steeper losses than Bitcoin. The top 50 tokens fell nearly 4% as a whole.
This "flight to safety" within the crypto market is reflected in Bitcoin’s dominance, which climbed to 60.15% as traders moved capital from altcoins to Bitcoin.
Ethereum ($ETH ) dropped 4.4% to $3,734BNB ($BNB ) slipped 4.8% to $1,039XRP ($XRP ) fell 3.38%Uniswap ($UNI) and Dogecoin ($DOGE) were among the worst performers, losing 9% and 6.9%, respectively.
#FedRateDecisions #FOMCMeeting #Liquidations #BinanceLiveFutures
What’s driving this sudden drop? Several key factors are at play.
1. Federal Reserve Policy and Market Doubt
A primary driver for today's drop is renewed caution from the U.S. Federal Reserve. Following the 25-basis-point rate cut in October, Fed Chair Powell commented that another cut in December isn't "a foregone conclusion."
This statement has boosted the U.S. dollar and cooled investor sentiment for risk assets, including crypto. Treasury Secretary Scott Bessent echoed this cautious tone, warning that tight policies have already slowed parts of the economy, leaving limited room for more cuts.
Reflecting this growing doubt, the FedWatch Tool now shows the probability of a December rate cut has fallen to 69.3%.
2. Bitcoin ETF Outflows Signal Investor Retreat
Adding to the bearish pressure, Spot Bitcoin ETFs are experiencing heavy outflows. Recent data from Fairside indicates that U.S. spot Bitcoin ETFs recorded a substantial $1.15 billion in withdrawals last week alone.
The largest outflows were seen from major funds managed by BlackRock, ARK Invest, and Fidelity. This suggests that institutional and retail investors are pulling back from these key Bitcoin-linked financial products, signaling a significant reduction in demand.
3. The $400M Liquidation Cascade
The technical breakdown of Bitcoin below the $107,500 support level acted as a major trigger. This break initiated a chain reaction of long liquidations, wiping out nearly $400 million in leveraged positions and affecting over 162,000 traders in a single day.
Bitcoin saw $74.6 million in long positions liquidated.Ethereum was hit even harder, with $85.6 million in longs liquidated.
This rapid, forced selling has intensified the downward momentum. Analysts are now warning that if Bitcoin fails to hold the $106,000 level, it could trigger another, much larger wave of liquidations estimated at $6 billion.
4. Altcoins Hit Harder as Dominance Rises
As is common during sharp sell-offs, altcoins are suffering steeper losses than Bitcoin. The top 50 tokens fell nearly 4% as a whole.
This "flight to safety" within the crypto market is reflected in Bitcoin’s dominance, which climbed to 60.15% as traders moved capital from altcoins to Bitcoin.
Ethereum ($ETH ) dropped 4.4% to $3,734BNB ($BNB ) slipped 4.8% to $1,039XRP ($XRP ) fell 3.38%Uniswap ($UNI) and Dogecoin ($DOGE) were among the worst performers, losing 9% and 6.9%, respectively.
#FedRateDecisions #FOMCMeeting #Liquidations #BinanceLiveFutures
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.