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Bitcoin price sinks sub $104,000 as ‘Red October’ hangover deepens
Yahoo Finance·2025-11-04 17:53

Bitcoin slid another 3% this morning, dipping below 104,000asthefirstRedOctobersince2018castsashadowovercrypto.TheOctober10crash,whichliquidatedsome104,000 as the first ‘Red October’ since 2018 casts a shadow over crypto. The October 10 crash, which liquidated some 20 billion in leveraged positions, continues to haunt investors, analysts say. Gabriel Selby, head of research at CF Benchmarks, told DL News that the event “left a lot of price inefficiencies that meant another correction near term was somewhat inevitable.” The ongoing sell pressure comes at a tense moment for risk assets. Traders ar ...