According to the source, BTC dropped below $100,000 during the latest session as spot prices weakened across risk assets (source: Coinbase BTC-USD price feed). The move is attributed to a stronger U.S. dollar as the ICE U.S. Dollar Index advanced, tightening financial conditions from higher U.S. Treasury yields, net outflows from U.S. spot Bitcoin ETFs, and elevated long-side liquidations alongside funding turning negative and futures basis compression (sources: ICE Data Indices for DXY; U.S. Department of the Treasury daily yield curve; Farside Investors ETF flow tracker; Coinglass liquidations dashboard; CME Group futures data). For trading, participants are focusing on daily ETF flow direction, USD strength versus risk sentiment, and derivatives positioning to gauge continuation or mean-reversion risk (sources: Farside Investors; ICE Data Indices; Coinglass; CME Group).

According to Farside Investors, Bitcoin annualised basis rates have declined, with March 2026 BTC futures now trading at an annualised basis below 5%. Source: Farside Investors, farside.co.uk/basis; Farside Investors X post dated Nov 4, 2025. This places the implied BTC cash-and-carry yield for the March 2026 contract under 5% annualised under Farside’s basis methodology, reducing gross returns available to hedged basis strategies. Source: Farside Investors, farside.co.uk/basis. A lower BTC annualised basis versus prior readings indicates the futures premium over spot has narrowed relative to earlier levels reported by Farside. Source: Farside Investors, farside.co.uk/basis; Farside Investors X post dated Nov 4, 2025. Traders can use the Farside basis dashboard to monitor basis changes across expiries to inform carry trade timing, duration selection, and roll management when basis tightens. Source: Farside Investors, farside.co.uk/basis.

According to the source, BTC has closed above $100,000 for 156 consecutive days. Source: public social media post. This claim could not be independently verified against the CF Bitcoin Reference Rate (BRR) methodology and major spot-exchange daily close series at the time of writing. Source: CME Group (CF BRR), Coinbase, Binance. Traders should confirm any streak of daily closes above $100,000 by checking CME CF BRR and cross-referencing BTCUSD on Coinbase and BTCUSDT on Binance before adjusting positions or risk limits. Source: CME Group (CF BRR), Coinbase, Binance. To validate sustained market strength, compare CME Bitcoin futures basis and perpetual funding rates across major venues to identify leverage-driven dislocations before initiating trend-following or carry trades. Source: CME Group, Binance, Bybit.