{"id":509138,"date":"2025-11-03T14:57:13","date_gmt":"2025-11-03T14:57:13","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=1226073"},"modified":"2025-11-03T14:57:13","modified_gmt":"2025-11-03T14:57:13","slug":"bitcoin-down-6-as-ethereum-solana-dogecoin-and-cardano-suffer-heavy-losses","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2025\/11\/03\/bitcoin-down-6-as-ethereum-solana-dogecoin-and-cardano-suffer-heavy-losses\/","title":{"rendered":"Bitcoin Down 6% as Ethereum, Solana, Dogecoin, and Cardano Suffer Heavy Losses"},"content":{"rendered":"<ul>\n<li><strong>Bitcoin saw its first red October in six years since 2018, signaling a potential shift in market sentiment with long-term holders selling around $33 billion in BTC last month.<\/strong><\/li>\n<li><strong>Ethereum, XRP, BNB, SOL, and DOGE dropped 5\u20137% as the overall altcoin market touches bottom, with signs of potential accumulation ahead.<\/strong><\/li>\n<\/ul>\n<hr>\n<p>Bitcoin (BTC) and the broader crypto market have been facing a sharp selloff today, triggering more than $540 million in crypto market liquidations.<\/p>\n<p>After negating the \u2018Uptober\u2019 rally sentiment by ending in the red for the last month, BTC is once again having a poor start for the month of November. Historically, this month has been the strongest for BTC with an average return of 42%.<\/p>\n<h3>Bitcoin\u2019s First \u2018Red October\u2019 Since 2018 May Signal Key Market Shift<\/h3>\n<p>Crypto trading firm QCP Capital reported that Bitcoin dropped from $110,000 to $107,000 in early October amid profit-taking by early holders, marking its first negative October since 2018. Despite heavy selling pressure exceeding 400,000 BTC, the leading cryptocurrency managed to hold above the crucial $100,000 level.<\/p>\n<p>QCP Capital noted that this consolidation could represent either a brief pause before a renewed rally or the beginning of a potential crypto winter.<\/p>\n<p>Crypto analyst Ted Pillows <a href=\"https:\/\/x.com\/TedPillows\/status\/1985041716978589913\" target=\"_blank\" rel=\"nofollow noopener\">reported<\/a> that long-term Bitcoin holders sold approximately $33 billion worth of BTC last month. This added a massive $1 billion in daily selling pressure. He noted that this substantial profit-taking activity was one of the key factors contributing to Bitcoin\u2019s bearish performance throughout October, as <a href=\"https:\/\/www.crypto-news-flash.com\/bitcoin-breaks-uptober-tradition-with-5-drop-after-a-record-liquidations\/\" target=\"_blank\" rel=\"noopener\">mentioned<\/a> in our previous story.<\/p>\n<figure id=\"attachment_1226081\" aria-describedby=\"caption-attachment-1226081\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1226081\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2025\/11\/Bitcoin-long-term-holder-change.jpeg\" alt=\"Bitcoin Down 6% as Ethereum, Solana, Dogecoin, and Cardano Suffer Heavy Losses\" width=\"1200\" height=\"563\"><figcaption id=\"caption-attachment-1226081\" class=\"wp-caption-text\">Source: Checkonchain<\/figcaption><\/figure>\n<p>October was the month of extreme volatility, with BTC price shooting $126,000 earlier this month. However, the 100% Trump tariffs on China triggered massive liquidations across the broader crypto market, pushing BTC to lows of $105,000.<\/p>\n<p>On the other hand, the Fed rate cut announcement also didn\u2019t help for a BTC recovery ahead. As <a href=\"https:\/\/www.crypto-news-flash.com\/retail-investors-vanish-as-bitcoin-network-activity-plummets\/\" target=\"_blank\" rel=\"noopener\">reported<\/a> by CNF, the total number of active addresses on the Bitcoin network has been declining, indicating waning retail interest. Thus, every catalyst for a Bitcoin price upside remains absent as of now.<\/p>\n<h3>Altcoins Buckle Under Pressure, Is A Revival Possible?<\/h3>\n<p>In addition to Bitcoin, altcoins are facing even greater selling pressure, led by Ethereum (ETH) price correcting 5% to under $3,700. With this, ETH has extended its weekly losses to more than 10%.<\/p>\n<p>A similar bloodbath is visible across other top altcoins, with XRP, BNB, SOL, and DOGE all falling by 5-7%. On-chain data suggests that the bottom could be in, and this could be the right time for accumulation for long-term holders.<\/p>\n<p>The overall altcoin market cap, excluding the top ten, has hit rock bottom during this market sell-off. Market experts Ash Crypto noted that altcoins are gearing up for one of the biggest rallies in the past 5 years and a full-blown altseason.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Altcoins remain deeply undervalued this cycle.<\/p>\n<p>A cycle won\u2019t end without having retailers enter the market<\/p>\n<p>If history repeats, we are about to witness the biggest euphoria for altcoins soon <a href=\"https:\/\/t.co\/2QLYErGQN4\">pic.twitter.com\/2QLYErGQN4<\/a><\/p>\n<p>\u2014 Ash Crypto (@Ashcryptoreal) <a href=\"https:\/\/twitter.com\/Ashcryptoreal\/status\/1984923786471522561?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">November 2, 2025<\/a><\/p>\n<\/blockquote>\n<hr>\n<h6>Recommended for you:<\/h6>\n<p> <a href=\"https:\/\/www.crypto-news-flash.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin saw its first red October in six years since 2018, signaling a potential shift in market sentiment with long-term holders selling around $33 billion in BTC last month. Ethereum, XRP, BNB, SOL, and DOGE dropped 5\u20137% as the overall altcoin market touches bottom, with signs of potential accumulation ahead. Bitcoin (BTC) and the broader [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":509139,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[128,6953,1874,103,25,1667],"class_list":{"0":"post-509138","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-other","8":"tag-ada","9":"tag-altcoins-inflow","10":"tag-bitcoin-btc","11":"tag-eth","12":"tag-news","13":"tag-sol"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/509138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=509138"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/509138\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/509139"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=509138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=509138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=509138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}