Bitcoin Market Analysis: November 8, 2025 – Bears Take Control as BTC Battles for $100K Support

November 8, 2025 – Comprehensive Market Report

Market Summary: The $100K Battle Intensifies

Bitcoin is experiencing its most challenging period since the October flash crash, currently trading at $101,987 as bulls and bears wrestle for control of the psychologically critical $100,000 level. The world’s largest cryptocurrency has shed 16% over the past month, falling from highs near $126,000 to current levels, while market sentiment has shifted dramatically into Fear territory with the Fear & Greed Index dropping to 24.

Current Bitcoin Price Action: Critical Support Tested

According to ’s latest price analysis, Bitcoin traded at $101,987 on November 8, 2025, with a market capitalization of $2.03 trillion and 24-hour trading volume of $77.43 billion.

Key Price Levels:

• Current Price: $101,987
• Critical Support: $98,500
• Immediate Resistance: $109,000
• Monthly Performance: -16%
• YTD Gains: Still positive at +49%

The cryptocurrency has been unable to maintain momentum above $110,000, with each rally being met with selling pressure. Yahoo Finance reports that Bitcoin is “trading around $101,540, down 2.8% in 24 hours” as November weakness continues.

Market Sentiment: Fear Grips the Market

The cryptocurrency market sentiment has shifted dramatically:

• Fear & Greed Index: 24 (Fear) – down from previous highs near 88
• Bitcoin Fear Index: Shows Extreme Fear on November 5, transitioning to Fear on November 8
• Market Psychology: Traders rotating to stablecoins and quality altcoins

According to the Bitcoin Fear and Greed Index tracker, the current reading of 24 indicates widespread market uncertainty as Bitcoin fails to hold above $100,000 consistently.

Bitcoin Dominance: Slipping as Altcoins Gain Ground

Bitcoin’s market dominance is showing signs of weakness:

• Current BTC Dominance: 60.67%
• Recent Peak: Touched above 62% before declining
• Trend: Downward pressure as altcoins gain momentum
• Significance: Still well above the 54% threshold needed for altseason

ICOBench analysis notes that “Bitcoin dominance is currently hovering above 60.50%, showing an increase from the drop, but its strength has not yet been confirmed.”

Altcoin Season Analysis: Early Signs of Rotation

Altcoin Season Index Status:

• Current Reading: 24-28 (varies by provider)
• Threshold for Altseason: 75 (when 75% of top 50 coins outperform Bitcoin over 90 days)
• Status: Still in “Bitcoin Season” but showing rotation signs

Recent reports indicate that the Altcoin Season Index has declined to 24, reflecting Bitcoin’s continued market dominance. However, some analysts are noting early signs of capital rotation as Bitcoin struggles with resistance.

Key Altseason Indicators:

• Bitcoin Dominance Breakdown: Early signs of declining dominance from 62% peak
• Capital Rotation: Institutional money exploring altcoin exposure
• Performance Divergence: Some altcoins holding better than Bitcoin during the decline

Bitcoin Mining Network: All-Time High Security

Despite price volatility, the Bitcoin network continues to strengthen:

• Current Difficulty: 155.97T (all-time high)
• Network Hashrate: 957.05 EH/s
• Next Adjustment: Estimated +4.08% to +4.46% increase
• YoY Growth: +63.03% from 101.65T in November 2024

According to CoinWarz data, the mining difficulty has remained stable at 155.97T, showing no change in the last 24 hours despite price volatility. The next difficulty adjustment is anticipated on November 12, 2025, within 583 blocks.

Mining Fundamentals:

• Security: Network hash rate remains near all-time highs
• Miner Resilience: No signs of major miner capitulation despite price decline
• Infrastructure: Continued investment in mining operations globally

X/Twitter Analyst Sentiment: Mixed Outlook

Michael Saylor’s Continued Accumulation

Michael Saylor announced on X MicroStrategy’s latest Bitcoin purchase:

“Strategy has acquired 397 BTC for ~$45.6 million at ~$114,771 per bitcoin and has achieved BTC Yield of 26.1% YTD 2025. As of 11/2/2025, we hodl 641,205 $BTC acquired for ~$47.49 billion at ~$74,057 per bitcoin. $MSTR”

MicroStrategy Holdings Summary:

• Total BTC: 641,205 Bitcoin
• Average Price: $74,057 per Bitcoin
• Total Investment: $47.49 billion
• YTD BTC Yield: 26.1%

Saylor also posted a bullish chart with the caption: “Orange is the color of November”, suggesting continued confidence despite market turbulence.

Willy Woo’s Risk Assessment

Prominent analyst Willy Woo has been warning about potential Bitcoin volatility, suggesting that “Bitcoin (BTC) price could surge within two weeks if the liquidity recovery continues.” However, he has also cautioned about potential 80% corrections in late-cycle scenarios.

PlanB’s Stock-to-Flow Model

While specific recent posts are limited, PlanB’s analysis continues to focus on stock-to-flow model validation, with the current price action still within historical halving cycle parameters.

Institutional Analysis: Revised Targets and Caution

Galaxy Research Cuts Forecast

In a significant development, Galaxy Research has slashed its Bitcoin year-end target from $185,000 to $120,000, citing:

• Market volatility and regulatory uncertainty
• Whale selling pressure
• Tariff concerns affecting risk assets
• Institutional caution amid macro headwinds

Yahoo Finance reports that Galaxy’s research chief has “capitulated on bullish Bitcoin call after Tuesday’s plunge.”

Other Institutional Perspectives

JPMorgan Analysis:

• Views Bitcoin as undervalued versus gold at current levels
• Maintains fair value estimates above current prices

BlackRock ETF Developments:

• Spot Bitcoin ETF debut on ASX highlights institutional demand
• However, cautious fund inflows have limited upside momentum

Recent Market Catalysts and News

Regulatory and Macro Factors:

1. Tariff Uncertainty: Trump administration trade policies creating risk-off sentiment
2. Regulatory Clarity: U.S. and EU compliance demands affecting institutional flows
3. ETF Dynamics: Mixed flows as institutions reassess crypto allocations

Technical Factors:

1. Support Test: $100,000 psychological level under pressure
2. Resistance Levels: Multiple failed attempts to reclaim $110,000+
3. Volume Analysis: Declining volume suggesting reduced conviction

Market Structure:

1. Profit-Taking: Long-term holders taking gains after October flash crash
2. Capital Rotation: Some institutional money exploring altcoin exposure
3. Stablecoin Flows: Increased USDT/USDC holdings as traders seek safety

Technical Analysis: Key Levels and Scenarios

Bullish Scenario:

• Target: Recovery above $109,000 could open path to $120,000
• Catalyst: Renewed institutional buying or positive regulatory news
• Probability: Moderate, given oversold conditions

Bearish Scenario:

• Target: Break below $98,500 could target $75,000-$85,000 range
• Catalyst: Macro deterioration or major holder liquidation
• Probability: Elevated given current momentum

Base Case:

• Target: Consolidation between $98,500-$109,000 through November
• Catalyst: Sideways trading as market awaits clearer direction
• Probability: High, given conflicting signals

Altcoin Market Outlook: Rotation Signs Emerging

While Bitcoin dominance remains above 60%, several indicators suggest potential altcoin outperformance:

Positive Altcoin Signals:

• Relative Strength: Some altcoins holding better than Bitcoin
• Institutional Interest: Growing exploration of Ethereum and Layer 1 alternatives
• DeFi Revival: Renewed interest in decentralized finance protocols

Altseason Probability:

• Q4 2025: Low probability (20-30%) given Bitcoin dominance above 60%
• Q1 2026: Moderate probability (40-60%) if Bitcoin stabilizes
• Full Altseason: Requires Bitcoin dominance below 54%

Risk Assessment and Investment Implications

Key Risks:

1. Macro Headwinds: Trade wars and regulatory uncertainty
2. Technical Breakdown: Loss of $98,500 support could accelerate selling
3. Institutional Outflows: ETF redemptions could pressure prices
4. Leverage Liquidations: High funding rates suggest overleveraged positions

Opportunities:

1. Accumulation Zone: Current levels may represent value for long-term holders
2. Altcoin Rotation: Early positioning in quality altcoins before potential season
3. Technical Bounce: Oversold conditions could trigger relief rally

Strategic Considerations:

• DCA Approach: Dollar-cost averaging into weakness for long-term investors
• Risk Management: Position sizing appropriate for volatility
• Diversification: Balanced exposure between Bitcoin and quality altcoins

Conclusion: Critical Juncture for Bitcoin

Bitcoin stands at a critical juncture as November 2025 trading intensifies. The battle for $100,000 support represents more than just a price level – it’s a test of institutional confidence and market structure resilience.

Key Takeaways:

1. Price Action: Bitcoin struggling to maintain $100K, down 16% monthly
2. Sentiment: Fear & Greed Index at 24 reflects widespread caution
3. Dominance: BTC still dominant at 60.67% but showing signs of weakness
4. Mining: Network security at all-time highs despite price volatility
5. Institutions: Galaxy Research cuts targets while MicroStrategy continues accumulating
6. Altcoins: Early signs of rotation but altseason threshold not yet reached

Looking Ahead:

The next few weeks will be crucial for Bitcoin’s trajectory into 2026. While institutional players like MicroStrategy continue accumulating, revised forecasts from Galaxy Research and technical weakness suggest caution is warranted. The cryptocurrency’s ability to defend $100,000 support and reclaim upward momentum will determine whether this is merely a healthy correction or the beginning of a more significant downturn.

As Michael Saylor noted, “Orange is the color of November,” but whether that orange represents autumn leaves falling or the Bitcoin phoenix rising remains to be seen.

Disclaimer: This analysis is for informational purposes only and should not be considered investment advice. Cryptocurrency markets are highly volatile and carry significant risk.