Bitcoin price teeters on drop below $100,000 as these five reasons send it tumbling

Market Overview - Bitcoin has decreased by 3% to a price of $100,175, marking its lowest level since May, with analysts noting a continuation of "Red October" in the market [1] - Ethereum has experienced a 20% decline over the past month, trading at approximately $3,300, effectively erasing all gains for the year [1] Factors Influencing the Market - Macro analyst Alex Krüger identifies five reasons for the ongoing sell-off, including equities, digital asset treasuries, and the impact of the Federal Open Market Committee [2] - The uncertainty surrounding the US government shutdown and the unresolved US-China trade war are contributing to a negative sentiment for risk assets [2] Sell Pressure Dynamics - The October 10 crash resulted in the liquidation of around $20 billion in leveraged positions, creating significant sell pressure in the crypto market and equities [3] - Wall Street executives have warned that stocks may face a pullback in the coming year due to these market conditions [3] Selling Trends - Bitcoin ETF investors have recently sold nearly $200 million in assets, following approximately $800 million in sales the previous week [5] - Long-term Bitcoin holders have also been selling significantly, with over $1.5 billion transferred from legacy wallets to exchanges like Coinbase, Binance, and Kraken [5] Bitcoin Treasuries - Bitcoin treasuries have not been selling but have also not been purchasing, leading to a lack of support for the market [6] - Firms holding Bitcoin recorded the lowest level of purchases in 2025 during October, indicating a potential liquidity issue [6] Future Outlook - Attention is now focused on the Federal Reserve's December meeting, with the ongoing government shutdown limiting the Fed's ability to make informed decisions regarding interest rates [6]