Bitcoin Loses Support

DAILY MARKET OVERVIEW

The Pain Continues

👋 Hey, Crypto Enthusiasts! The market just won’t give traders a break. Selling pressure keeps intensifying, and the charts look uglier by the day.

🔻 Bitcoin has now officially broken below the $106k support zone, triggering another brutal liquidation wave that pushed prices down to $103k.

Over $600 million in long positions have been wiped out in just the past 24 hours.

Interestingly, altcoins showed slightly more resilience this time around. BTC dominance dipped a bit, suggesting that traders may be closing their shorts on alts.

From here, a short-term relief bounce is possible, but the broader setup still looks weak.

With ETF outflows remaining negative, a strong dollar, and the latest DeFi exploits in protocols like Balancer and Moonwell, confidence across the space is near rock bottom.

We’re staying extremely patient under these conditions, simply observing price action and preserving capital.

Right now, the $88k–$90k zone appears to be the next major level where Bitcoin could finally find a base and attempt a real rebound.

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SOCIAL SENTIMENT

Privacy Coins Take the Spotlight

While most of the market bleeds, privacy coins are shining.

• ZEC, DASH, ZEN, and more recently Decred have all shown surprising strength on the charts.
  Leading the move is ZEC (Zcash), which has now surpassed Monero in market cap which is a major shake-up in the privacy sector.

That said, traders should be cautious. There are growing signs that ZEC’s supply is being tightly managed by insiders, creating a false sense of stability. When liquidity dries up, those gains can vanish quickly.

DASH is following ZEC’s lead, and even older “dino coins” like Decred and Digibyte are catching speculative pumps. Historically, when these legacy coins start running, it often signals late-cycle behavior, though we’re not ready to call that just yet.

We’ll be watching closely as Bitcoin approaches key support. If BTC stabilizes near $90k, we could finally see a healthier setup take shape.

Until then: stay patient, stay cautious, and protect your capital.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

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YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Benjamin Cowen – Why ALT Season Has Not Happened (04.11.2025 Summary)

In his latest video, Benjamin Cowen explains why the long-awaited altcoin season still hasn’t materialized this cycle, despite Bitcoin’s strong performance.

Key Points

• Altcoins Are Still Bleeding to BTC: Alt/BTC pairs have been declining since 2021. Cowen expects them to fall further to a ratio of 0.25 before any real alt season can begin.

• Retail Hasn’t Returned: Unlike 2017 and 2021, this cycle lacks retail interest. Social metrics like YouTube views and Twitter followers show weak engagement, especially outside of Bitcoin.

• Monetary Policy Matters: This cycle has played out under quantitative tightening and high interest rates. Cowen notes that similar to 2019, Bitcoin has thrived during QT while altcoins lag.

• QT Ending in December: He expects QT to end soon, which may bring a bounce in alt/BTC pairs - but not an instant alt season. He warns that real retail-driven alt rallies come later.

• BTC Dominance Still Rising: Until liquidity returns and retail shows up, Cowen believes BTC dominance will continue climbing and that Bitcoin will keep absorbing liquidity from altcoins.

Final Takeaway
Cowen’s view is clear: Bitcoin is leading this market, and altcoins won’t take off until the macro environment shifts and retail sentiment truly returns.

Because Bitcoin – Is Cycle Top in? BTC and Crypto Analysis (04.11.2025 Summary)

Max from BecauseBitcoin explores the possibility that the Bitcoin cycle top might already be in. Drawing from historical cycle timing, altcoin behavior, and his custom-built indicators, he lays out both the bullish and bearish scenarios facing the crypto market. He emphasizes preparation over prediction and shows why he’s currently leaning slightly defensive.

Key Points:

• Cycle Timing: Based on previous Bitcoin cycles, we are currently at a similar point (in terms of days since the halving and market bottom) where past tops occurred.

• Altcoin Weakness: A major difference in this cycle is the absence of a true alt season. Max argues that the current cycle has been unusually Bitcoin-heavy, with altcoins failing to follow their typical late-cycle surge.

• October 10th Crash: A massive altcoin liquidation event caused significant breakdowns, and Max suspects it might have deeper effects, including market maker fallout.

• Fractals & Caution: He outlines a past scenario where altcoins lost structure first, followed by Bitcoin weeks later - a similar setup may be playing out now.

• Defensive Bot Signals: Max’s trading bots, which have outperformed holding spot BTC and ETH, are currently positioned defensively. This is not a panic sign but a cautionary one.

• Key Support Levels: A 30% pullback from all-time highs would align with past corrections and still preserve the broader uptrend. Breaking below that, however, would be concerning.

Final Takeaway:
Max isn’t calling a top, but he is playing cautious. With altcoins still underperforming, bots shifting to defense, and major trendlines at risk, he's positioning for both outcomes. Stay invested, but stay prepared.

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