The crypto market is undergoing a period of volatility, pushing a majority of cryptocurrencies downward on the price chart. Bitcoin on Wednesday, November 5 registered a price drop of 2.66 percent bringing its price to $102,025. The asset has been reeling under losses for a week now. Data by CoinMarketCap shows BTC having clocked a loss of 9.93 percent in the last seven days. It briefly dropped to $98,900 mark before bouncing above $100,000 in recent hours.
Owing to BTC’s price decline, around $2.10 billion in crypto positions were liquidated over the last day — with , $1.68 billion came from long positions indicating at mis-estimated bets on price gains by traders.
Over $2.1B were liquidated in the past 24 hours.https://t.co/C47AgBCcTk pic.twitter.com/CYtGxjjoMF
— CoinGlass (@coinglass_com) November 5, 2025
The asset is testing the support at $99,000, market analysts said while strongly suggesting traders make financial decisions with caution.
“Looking ahead, if Bitcoin manages to reclaim and hold above the $107,000–$108,000 zone, it would signal that bullish strength is returning to the market. Moreover, such pullbacks are healthy in a bull phase, often clearing weak positions before the next rally, as seen in the 2017 bull cycle,” Edul Patel, CEO of Mudrex told CoinHeadlines.
Ether witnessed a loss of 4.97 percent over the last day to trade at $3,331.47 on Wednesday, CoinMarketCap showed. The asset’s seven day loss margin stands at 17.26 percent.
XRP, BNB Coin, Solana, USDC, and Tron registered price dips of under five percent in the last 24 hours. Cardano, Bitcoin Cash, and Zcash also emerged on the loss-making side of the crypto chart.
Meanwhile, a small number of altcoins did clock gains. Hyperliquid, Tron, Avalanche, Monero, and Shiba Inu reflected profits ranging under eight percent, CoinMarketCap showed.
Owing to BTC’s price decline, around $2.10 billion in crypto positions were liquidated over the last day — with , $1.68 billion came from long positions indicating at mis-estimated bets on price gains by traders.
The overall crypto market cap dropped by 1.97 percent over the last day to claim its spot at $3.39 trillion.