U.S. investors offload $700 million in Bitcoin — Is BTC’s $100K floor about to collapse?
Bitcoin is once again under intense selling pressure, with U.S. investors leading a global wave of liquidations that has already erased over $700 million from the market. As BTC hovers precariously near the psychological $100,000 mark, questions arise about the sustainability of this support level and whether a deeper correction is on the horizon.
Recent data from the Coinbase Bitcoin Premium Index shows a sharp decline beginning October 30, signaling a significant sell-off by institutions and retail investors based in the United States. This trend is further validated by a major divestment from BlackRock, which reportedly sold 6,800 BTC—equivalent to over $700 million—executed in transactions averaging $30 million each. The timing of these sales, just ahead of the U.S. Federal Reserve’s policy announcement, suggests strategic repositioning by key players in response to macroeconomic uncertainty.
Despite a brief uptick in Bitcoin ETF inflows—approximately $240 million was recorded within 24 hours—this influx did little to offset continued outflows. Six consecutive days of ETF redemptions had taken a toll prior to the minor rebound, and the fresh inflows were insufficient to reverse the broader bearish trend.
The selling wasn’t isolated to U.S. markets. Similar behavior was observed across Asia and the European Union, suggesting a globally synchronized retreat from Bitcoin. This widespread liquidation has suppressed any potential for a short-term price recovery. Over the past week, Bitcoin’s Cumulative Return by Session shifted from a positive 3% to negative 4%, underlining growing bearish sentiment and seller dominance during all major trading sessions.
Prediction markets reflect this cautious outlook. According to data from Polymarket, the probability of Bitcoin dropping to $95,000 in November has risen to 48%, while a steeper decline to $90,000 carries a 24% chance. In contrast, the likelihood of BTC reaching $115,000 or more has dwindled to a mere 2–8%, highlighting waning bullish expectations.
Several macroeconomic headwinds are exacerbating the negative sentiment. The ongoing U.S. government shutdown, rising geopolitical tensions, and record layoffs in the tech sector have all contributed to a risk-off environment. Additionally, global tariff disputes are fueling further uncertainty, dampening investor appetite for volatile assets like Bitcoin.
An important technical indicator to monitor amid this downturn is the Cumulative Volume Delta (CVD). Data from Hyblock Capital suggests that price reversals often align with CVD divergences on shorter timeframes. When selling volume outweighs buying volume yet prices begin to stabilize or rise, it may indicate an approaching reversal. However, such signals are currently scarce, pointing to continued downside risk in the near term.
For a meaningful recovery to occur, aggressive selling must subside, allowing bid-side demand to regain control. Until then, Bitcoin remains vulnerable to further declines, especially if institutional investors continue to exit their positions.
The broader crypto market is also feeling the heat. Ethereum and other leading altcoins have mirrored Bitcoin’s decline, albeit with varying degrees of volatility. Liquidity is thinning across decentralized exchanges, and on-chain metrics show a decline in active addresses and transaction volume, reinforcing the bearish narrative.
Looking ahead, much will depend on macroeconomic developments. Any dovish shift in Federal Reserve policy or resolution of political gridlock in Washington could provide temporary relief. Conversely, if inflation remains sticky or economic indicators worsen, capital could continue flowing out of risk assets like cryptocurrencies.
Investors would do well to monitor stablecoin flows and exchange reserves, as these indicators often precede directional moves. A surge in stablecoin inflows to exchanges could signal renewed buying interest, while rising BTC balances on trading platforms often precede sell-offs.
In sum, Bitcoin finds itself at a critical juncture. While the $100K level acts as a temporary buffer, persistent selling pressure—especially from U.S.-based entities—threatens to drag prices down toward $95K or even lower. Until market sentiment shifts and macroeconomic clouds clear, BTC’s path forward remains highly uncertain.