• Bitcoin trades near $101,550 on Nov. 5 after an 11.8% weekly drop, keeping the market in risk-off mode.
• Failure to close the week back above $108,000 keeps the door open to a deeper move toward the $98,000 to $102,000 zone.
• Heavy BTC inflows to exchanges and liquidity strain from the U.S. shutdown are limiting dip buying across crypto.

Bitcoin extended its slide this week and traded near $101,550 on Nov. 5, keeping traders focused on whether the market can defend the six figure area. The move followed a 5.29% daily loss and an 11.82% decline over the past week, even though Bitcoin still saw billions of dollars in daily trading volume.

The tone across desks shifted to caution because sellers are sending more BTC back to exchanges while macro uncertainty is slowing fresh spot demand. This keeps Bitcoin vulnerable to another leg lower if buyers do not step back in.

Read The Full Article BTC Price Battles to Stay Above $100K While Exchange Inflows Jump On Coin Edition.

• Bitcoin trades near $101,550 on Nov. 5 after an 11.8% weekly drop, keeping the market in risk-off mode.
• Failure to close the week back above $108,000 keeps the door open to a deeper move toward the $98,000 to $102,000 zone.
• Heavy BTC inflows to exchanges and liquidity strain from the U.S. shutdown are limiting dip buying across crypto.

Bitcoin extended its slide this week and traded near $101,550 on Nov. 5, keeping traders focused on whether the market can defend the six figure area. The move followed a 5.29% daily loss and an 11.82% decline over the past week, even though Bitcoin still saw billions of dollars in daily trading volume.

The tone across desks shifted to caution because sellers are sending more BTC back to exchanges while macro uncertainty is slowing fresh spot demand. This keeps Bitcoin vulnerable to another leg lower if buyers do not step back in.

Read The Full Article BTC Price Battles to Stay Above $100K While Exchange Inflows Jump On Coin Edition.