From November 3 to 8, 2025, the crypto market experienced a sharp decline and subsequent partial stabilization. Bitcoin fell to the $99–101 thousand range on November 4 and closed the week near $106–107 thousand, remaining below recent highs.
Drivers of the week. The market started with a decline on November 3–4 amid cautious signals from the Fed and increased appetite for profit-taking after a weak October. According to media estimates, the beginning of November brought a continued decline in major coins, with Bitcoin falling about 18% from its recent record high.
Bitcoin ETFs in the US recorded net outflows on certain days of the week. On November 3, 4, and 6-7, there were negative cumulative flows, which put pressure on the price.
Ethereum was volatile following the market. On November 3–4, ETH fell by almost 9% per day, then partially recovered and traded at around $3,400–3,450 on November 8.
Funds and events. Publications noted that uncertainty about interest rates and geopolitics had dampened risk appetite. At the same time, interest in crypto-based products remained strong in the sector, including discussions of new exchange-traded funds, which supports medium-term expectations.
The week’s results for key indicators are as follows:
1) BTC range on November 3–8: maximum around $111 thousand on November 3, minimum around $99 thousand on November 4.
2) ETF flows: net outflows on certain days, including November 4 and November 6–7.
3) ETH range: $3,060–3,650, closing the week at around $3,440 on November 8.
The basis for forecasts and their scenarios is neutral-volatile. Support for BTC is visible in the range of $98–101 thousand, and maintaining it preserves the chances for consolidation and attempts to grow to $110–114 thousand. Risks are associated with continued outflows from ETFs and a general rotation in risk assets. An increase in inflows into funds and the absence of negative news regarding regulators could return the price to the upper limit of the range. If $98,000 is broken downwards, the risk of acceleration to $92–95,000 increases, with a subsequent search for a new balance. Estimates are based on price dynamics and ETF flows on November 3–8.
