
Bitcoin’s price continued to weaken in early November 2025, falling below the psychological level of US$100,000. This decline occurred in line with an ongoing crypto market correction that has lasted for more than a week.
Major cryptocurrencies such as Ethereum, XRP, and Dogecoin also recorded significant price drops. In addition to selling pressure, data shows that long position liquidations in the past 24 hours reached billions of dollars, indicating high market volatility.
Despite the downtrend, some market participants still took advantage of the correction to accumulate assets. This suggests that interest in crypto has not completely disappeared, especially among long-term investors who still see potential for recovery.
Market Pressure Driven by Global Liquidity Conditions
Some analysts believe that the decline in crypto prices is not solely due to internal factors within the crypto ecosystem, but also to broader global economic dynamics.
Shifts in monetary policy, movements in the bond market, and changes in interest rates are among the factors influencing demand for risk assets, including crypto.
Global liquidity conditions remain a key indicator for investors when assessing the next phase of the digital asset market.
Stablecoin Role and Tether’s Dominance
Amid market pressure, demand for stablecoins such as USDT remains strong. Tether’s latest report shows continued growth in USDT supply and the scale of its reserves, including exposure to U.S. government debt securities.
Stablecoin dominance is seen as one of the elements helping maintain stability in the crypto ecosystem, especially during market downturns.
Overall, the current market condition reflects a consolidation phase following a strong rally earlier this year.
Although short-term sentiment remains negative, macroeconomic developments and the role of assets like stablecoins continue to be important factors that may influence the market’s direction in the coming months.

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