#CorporacionCriptomaniaVenezuela
The breach of 100,000 $BTC on November 4, 2025, was a 100% technical event: the perfect combination of key price levels, extreme leverage, and liquidity gaps. Below are the purely technical factors that triggered it:
1. Breakdown of psychological support-key: 100k
- 100,000 acted as major support (minimum of the weekly gap and 0.618 level of Fibonacci of the last bullish impulse).
- Upon breaking, algorithms and automatic stops triggered cascading sales: 1,050 M in longs liquidated in 45 min.
2. Liquidity map: “island” of purchases over 101k
- On-chain data showed a vacuum of bids between 100k – 97k; the next big wall was at 94.2k.
- Price “jumped” the space without resistance up to 96,794 (minimum of the day).
3. Extreme leverage = catapult effect
- Funding rate +0.05 %/8h → 60 % annualized for holding long.
- Open Interest at 6-month highs (30 Bn); long/short ratio > 3.2.
- Break 100k → cascade of margin calls → price accelerates down without buyers.
4. Weekly gap and Fibonacci retracement
- Rising gap (futures) 99,800 – 101,200 → natural closing target.
- 0.618 Fibonacci retracement from 88k → 113k fell just at 99,800 → irresistible technical confluence.
5. Max-Pain of options + expiration
- Weekly expiration 8-Nov: max-pain 107k; below negative gamma → dealers sell spot to cover, amplifying the drop.
- Volume of puts 95k-100k 3× higher than calls → bearish delta-hedge pressure.
6. Overbought technical indicators that yielded
- RSI 1D > 80 the previous week → bearish divergence at ATH 113k.
- MACD bearish crossover 2 days prior → signal of lost momentum.
- OBV (On-Balance Volume) broke trend line → confirmation of break.
7. Next support and recovery
- Immediate floor: 94,200 (Ichimoku cloud + volume profile).
- Next big wall: 88,000 – 90,000 (0.786 Fib + annual POC).
- Recovery: daily close > 101,200 would fill the gap and invalidate bearish scenario.
🔑 Visual summary
113k » ATH + RSI 80 (divergence)
101k » last previous support
100k » BREAK → gap up to 97k
97k » minimum 4-Nov
94k » next support
88k » macro support
Conclusion:
The drop below 100k was a pure technical event: over-leverage + key support + liquidity vacuum + negative gamma.
There was no dire news; it was the market unwinding an excess of confidence in 45 minutes of algorithmic selling.
