As of Thursday, November 6, 2025, Bitcoin is trading a little above $103,000 after briefly dipping under six figures earlier this week. Below is a real‑time chart and intraday snapshot.
Key takeaways
- BTC trades near ~$103K after an overnight bounce; today’s intraday range has been roughly $101,355–$104,495.
- Spot Bitcoin ETFs in the U.S. logged another day of net outflows yesterday (Nov. 5), with total flows around –$137 million across products — extending a six‑day streak of redemptions. [1]
- Macro & positioning: This week’s slide under $100K was tied to long‑term holders (“whales”) distributing coins — an estimated $45B in selling pressure since October’s peak — rather than leveraged wipeouts alone. [2]
- Policy signals: In remarks last night in Miami, President Trump said he wants the U.S. to be the “Bitcoin superpower,” arguing crypto strengthens the dollar — supportive rhetoric but with few specifics so far. [3]
- Corporate bid: Michael Saylor’s rebranded company Strategy may have a new route to buy more BTC after its perpetual preferred STRC traded at par, enabling an at‑the‑market program tied to that security. [4]
Market snapshot: Where Bitcoin stands today
Bitcoin is attempting to stabilize above $103K, retracing part of this week’s sharp selloff that pushed price below $100K for the first time since June. BTC remains more than 20% off its early‑October all‑time high above ~$126K, underscoring that the near‑term trend is corrective even as longer‑term gains remain intact. [5]
Momentum improved during the European morning as risk assets bounced; however, ETF flows are still a headwind. Data compiled by Farside show –$137M net on Nov. 5, with IBIT (BlackRock) seeing heavy redemptions offset by pockets of inflow at rivals — a pattern consistent with institutional de‑risking rather than an exodus from the asset class. [6]
Drivers to watch (Nov. 6)
1) ETF flows and liquidity
- Why it matters: Persistent outflows reduce marginal spot demand and can amplify intraday volatility.
- Today’s context: Industry trackers mark six consecutive days of outflows heading into Thursday as BTC clawed back above $103K. [7]
2) Holder behavior and positioning
Bloomberg reports the latest downdraft has been holder‑led: long‑term wallets distributed tens of billions since the October peak, a very different mix than September/October’s leverage‑driven washouts. If distribution eases, downside pressure can abate quickly; if not, rallies risk fading. [8]
3) Policy and headlines
Overnight remarks from President Trump reiterated an overtly pro‑crypto stance (“Bitcoin superpower”), which is sentiment‑positive but didn’t include new directives for agencies or timelines. Markets will watch for whether rhetoric translates into concrete policy affecting custody, accounting, and ETF oversight. [9]
4) Corporate treasury demand
Strategy’s preferred share (STRC) trading at par potentially unlocks a funding channel for additional BTC purchases via an ATM program — adding a non‑ETF source of spot demand on strong days. [10]
Technical picture (near‑term)
- Intraday range:$101,355–$104,495 (so far today).
- Psychological support:$100,000; a sustained break risks a deeper test of summer ranges.
- Momentum pivots traders are watching today: third‑party intraday models note that holding above ~$104,500 improves the short‑term bull case, while failures below ~$104,100 keep “sell‑the‑rally” tactics in play. Treat these as reference thresholds, not certainties. [11]
Broader context: From record highs to a fast reset
- BTC tapped record territory in early October (~$126K) before a month‑end slide and this week’s flush under $100K. The drop leaves prices roughly one‑fifth below the peak but still well above mid‑year levels. [12]
- Wednesday/Thursday’s bounce mirrors wider risk sentiment: several desks noted stabilization across majors (ETH, SOL, XRP) even as ETF outflows persist, suggesting tactical dip‑buying rather than a confirmed trend change. [13]
What could move BTC next
- Flows: Another day or two of net ETF inflows would be an early sign that demand is returning. Conversely, continued redemptions likely cap rallies. [14]
- Macro data & Fed speak: After October’s volatility, traders remain sensitive to rate‑cut expectations and broad risk appetite. (Recent coverage from major outlets ties prior BTC surges and slides closely to shifting Fed odds.) [15]
- Corporate bids: Watch for follow‑through from Strategy and other treasury‑style buyers; these blocks can tighten spot supply on up‑days. [16]
Today’s numbers at a glance
- Spot price: ~$103,016 (rolling; see live chart above)
- Today’s intraday high/low:$104,495 / $101,355
- Tone: Cautiously constructive intraday, but rallies face supply unless ETF flows flip and whale distribution cools. [17]
Sources & further reading for Nov. 6, 2025
- ETF flow tracker: Daily U.S. spot Bitcoin ETF flows (Farside Investors). [18]
- Flows & price bounce coverage: Bitcoin ETFs extend outflow streak to sixth day even as BTC reclaims $103K (Crypto.news). [19]
- Holder distribution & market structure: Bitcoin shaken by long‑term holders dumping $45B (Bloomberg). [20]
- Policy remarks: Trump wants the U.S. as “the Bitcoin superpower” (CoinDesk). [21]
- Corporate treasury angle: Another piece of Michael Saylor’s Bitcoin strategy may be falling into place (CoinDesk). [22]
- Context on this week’s drop & October peak: Bitcoin plunges below $100K for first time since June (CoinDesk) and Bitcoin hits new all‑time high (Reuters). [23]
This article is for informational purposes only and does not constitute investment advice. Crypto assets are highly volatile and you can lose all invested capital.
References
1. farside.co.uk, 2. www.bloomberg.com, 3. www.coindesk.com, 4. www.coindesk.com, 5. www.coindesk.com, 6. farside.co.uk, 7. crypto.news, 8. www.bloomberg.com, 9. www.coindesk.com, 10. www.coindesk.com, 11. www.tradingview.com, 12. www.reuters.com, 13. crypto.news, 14. farside.co.uk, 15. www.reuters.com, 16. www.coindesk.com, 17. farside.co.uk, 18. farside.co.uk, 19. crypto.news, 20. www.bloomberg.com, 21. www.coindesk.com, 22. www.coindesk.com, 23. www.coindesk.com
