Published: November 7, 2025 — No charts, no images
Quick Take
- Price now: Bitcoin (BTC) trades around $103,415, up roughly +2.6% versus yesterday’s close. Intraday range so far: $99,303–$103,837.
- Context: BTC is still below its Oct. 5 all‑time high above $125,000 but attempting to stabilize after this week’s sharp pullback. [1]
- Fresh driver:U.S. spot Bitcoin ETFs ended a six‑session outflow streak with ~$240M net inflows on Nov. 6, easing immediate sell pressure. [2]
- Macro backdrop: An ongoing U.S. government shutdown triggered a second straight cancellation of the monthly jobs report, adding uncertainty to risk assets; the U.S. dollar is roughly flat for the week as traders weigh the Fed’s next steps. [3]
Bitcoin Price Today — 7 November 2025
As of publication, BTC/USD is near $103.4K, recovering from a sub‑$100K dip earlier in the week. Today’s session has seen a $4.5K trough‑to‑peak range, with buyers defending the $100K psychological level for now.
For perspective, Bitcoin set a new record above $125K on Oct. 5 before retracing; volatility remains elevated as the market processes shifting liquidity and macro signals. [4]
What’s Moving BTC Right Now (Nov. 7)
- ETF flows flipped positive: After six straight sessions of redemptions, U.S. spot BTC ETFs logged ~$239.9M net inflows on Nov. 6 (IBIT +$112.4M; FBTC +$61.6M; ARKB +$60.4M). That pivot helps explain today’s firmer tone in spot markets. [5]
- Macro data blackout: The U.S. Labor Department did not publish the jobs report again today because the federal government remains shut, limiting visibility on growth and inflation trends that influence crypto via yields and the dollar. [6]
- Dollar/yields steady: With the data calendar scrambled, the dollar is set to end the week roughly unchanged and Treasury yields are flat, tempering some cross‑asset pressure on BTC. [7]
- This week’s whipsaw: BTC plunged from above $110K to below $99K within ~48 hours earlier in the week before today’s stabilization — a reminder that liquidity pockets remain thin on fast moves. [8]
Key Levels to Watch
- $100,000 — Psychological pivot; repeated intraday defense today and through the week. A decisive daily close below increases downside risk. [9]
- $105,000 — First resistance from today’s range; reclaim would open a path to $110,000 (prior breakdown area). [10]
- $95,000–$97,000 — Deeper support zone if $100K fails on a daily close, per this week’s volatility envelope. [11]
- Cycle context: Longer‑term resistance remains the $125K+ all‑time high from Oct. 5. [12]
Short-Term Bitcoin Forecast (Next 24–72 Hours)
Base case (neutral‑to‑slightly‑positive):
If $100K continues to hold and ETF flows stay flat to positive, BTC likely ranges between ~$100K and $105K, with upside attempts toward $110K on short‑covering. Today’s tone improved after the ETF pivot to net inflows. [13]
Bear case (watch $99K):
A daily close below $99K–$100K would put $95K–$97K in play quickly, especially if ETF flows flip negative again or macro headlines sour risk appetite. Some on‑chain/quant desks warn that conditions remain fragile after the week’s drawdown. [14]
Bull case (needs confirmation):
A clean break and hold above $105K invites a retest of $110K; sustained ETF demand could then refocus the market on the post‑halving, cycle‑high narrative anchored by October’s $125K+ peak. [15]
Not financial advice. Intraday crypto moves are highly path‑dependent. Always manage risk.
Medium-Term View (Rest of November)
- Flows matter: In the U.S., spot ETF flow has been the strongest marginal driver this autumn. Continued daily net inflows would support a late‑month grind higher; renewed outflows would argue for a deeper consolidation. [16]
- Macro watch: With official data delayed by the shutdown, markets are trading on partial information, which can amplify volatility around Fed‑sensitive headlines and private indicators. A shutdown resolution could quickly reset rate expectations — a swing factor for BTC via yields and the dollar. [17]
- Volatility backdrop: Options markets have priced elevated implied volatility since October’s spike, keeping the tape prone to sharp squeezes in both directions. [18]
Today’s Bitcoin News Highlights (Nov. 7)
- ETF flows turn positive: U.S. spot BTC ETFs snapped a six‑day outflow streak with ~$240M in net inflows on Nov. 6. [19]
- Data blackout continues: The U.S. jobs report was not released for a second consecutive month due to the longest shutdown on record, clouding the macro outlook. [20]
- Dollar steady into the weekend: The U.S. dollar is roughly flat for the week as investors reassess the Fed’s December path amid the data void. [21]
- Market tone: Crypto markets attempted a modest bounce after the week’s sell‑off; earlier, BTC slipped below $100K before stabilizing. [22]
How We Source This Update
- Spot price and intraday range are taken from real‑time market data.
- ETF flow figures use Farside Investors’ daily tracker and same‑day coverage from CoinDesk. [23]
- Macro headlines come from Reuters currency/rates desks and Washington bureau. [24]
- Cycle context (all‑time high) references Reuters reporting on Oct. 5. [25]
Bottom Line
Holding $100K into the weekly close would keep $105K–$110K recoveries on the table, especially if ETF flows remain positive. A daily close back below $100K risks a $95K–$97K retest. With the U.S. data calendar disrupted, expect headlines and flows to do more of the driving than usual. [26]
Disclaimer: This article is for news and educational purposes only and is not investment advice.
References
1. www.reuters.com, 2. farside.co.uk, 3. www.reuters.com, 4. www.reuters.com, 5. farside.co.uk, 6. www.reuters.com, 7. www.reuters.com, 8. www.coindesk.com, 9. www.coindesk.com, 10. www.coindesk.com, 11. www.coindesk.com, 12. www.reuters.com, 13. farside.co.uk, 14. www.coindesk.com, 15. farside.co.uk, 16. farside.co.uk, 17. www.reuters.com, 18. insights.deribit.com, 19. www.coindesk.com, 20. www.reuters.com, 21. www.reuters.com, 22. www.coindesk.com, 23. farside.co.uk, 24. www.reuters.com, 25. www.reuters.com, 26. farside.co.uk
