Group 1: Bitcoin Price Decline - Bitcoin price fell below $100,000 for the first time in three months, dropping more than 6% on November 4, 2025, and extending losses to 20% from October highs near $124,500 [1] - Large sell-offs from Bitcoin whale investors contributed to the price decline, with Sequans Communications redeeming 50% of its convertible debt by selling 970 BTC worth approximately $94.5 million [2] - The broader risk-off sentiment in global markets intensified due to concerns over a US Supreme Court case related to Trump's executive powers, reigniting fears of a trade war [3] Group 2: Institutional Investor Behavior - US spot Bitcoin ETFs experienced their fourth consecutive day of outflows, with $187 million withdrawn on November 3, 2025, indicating that institutional investors are reallocating capital to short-term bonds amid global uncertainty [4] Group 3: Technical Analysis - Bitcoin is trading near $101,290, down 3.15%, with selling pressure increasing across major exchanges, and the Keltner Channel indicating heightened volatility [5] - The MACD indicator shows ongoing bearish momentum, with both the MACD line and signal line deep in negative territory, suggesting further declines before stabilization [6] - The Volume Delta reflects a dominant sell imbalance, confirming that sell orders outweigh buying interest, with a breakout probability of 58.24% on the downside [7]