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Bitcoin Dips Below $108k as Long Traders Suffer Massive Liquidation

Twitter icon  •  Published há 5 meses on November 3, 2025  •  Hassan Maishera

Bitcoin drops below $108k as bearish performance wipes out $140 million worth of long positions within 60 minutes.

Bitcoin Dips Below $108k as Long Traders Suffer Massive Liquidation

TL;DR

  • BTC is down 2% in the last 24 hours and is now trading below $108k.

  • Long traders have suffered a $140 million liquidation over the last few hours.

BTC Dips Below $108k

The cryptocurrency market has opened the new weekly candle bearish, with most coins and tokens currently in the red. Bitcoin, the leading cryptocurrency by market cap, has lost 2% of its value in the last 24 hours and has now dropped below $108k.

The bearish performance comes following the volatile price action experienced in October. Bitcoin hit an all-time high of $124k in October but dumped to $102k during the October 10 market flush.

With Bitcoin now trading below $108k, altcoins are also underperforming. Ether, the leading altcoin by market cap, is down 4% in the last 24 hours and now risks dropping below $3,700 over the next few hours.

XRP has overtaken BNB to become the fourth-largest cryptocurrency by market cap. XRP is currently down 4% and is trading below $2.5, while BNB risks dropping below $1k after losing 5% of its value in the last 24 hours. 

Thanks to the ongoing bearish performance, $140 million worth of long positions were liquidated from the cryptocurrency market in the last 60 minutes.

 

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Author

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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