Following the $1Bn BTC Whale Sale, Can We Expect Bitcoin to Stabilize and Will Ethereum’s Ecosystem Priorities Enhance Confidence?
Bitcoin Price Update: Following a $1 Billion Bitcoin Large holder Transaction, Is BTC Set to Stabilize and Will Ethereum’s Ecosystem Focus Increase Confidence?
BTC ushers in November after experiencing its first negative October in six years.
This decline has ignited discussions among traders regarding whether the retracement indicates a more significant downturn or a typical breather before the next shift.
As per CoinGecko, the value of Bitcoin has dropped approximately -4.4% over the last day, currently trading around $107,000.
This downturn has contributed to a decrease in the overall crypto asset trading market, which has fallen 2.2% to $3.64 trillion.
The decline resulted in more than $1.16 billion in long liquidations on November 3, showcasing how rapidly leverage has unwound across major exchanges.
This decline occurred as global markets readjusted to evolving policy indications. Federal Reserve Chair Jerome Powell confirmed the cessation of quantitative tightening and mentioned that rate cuts are forthcoming.
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BTC Price Forecast: Will BTC Maintain Its Essential Weekly Price floor Around $103,000?
However, subsequent statements have dampened expectations for a rate cut in December, introducing uncertainty and impacting risk assets.
A BTC digital wallet that had remained dormant for nearly 14 years has become active again. This address moved 10,000 Bitcoin, initially acquired at approximately $1.54 each, as noted by a crypto investor named Ted.
$BTC big investor purchased 10,000 Bitcoin at $1.54.
14 years ago.
Sold it today for $1,000,000,000.
pic.twitter.com/Sp7ysVeHM7
— Ted (@TedPillows) November 4, 2025
The owner is thought to have sold the entire amount today for approximately $1 billion, marking one of the largest profit-taking incidents connected to an early Bitcoin wallet.
In terms of charts, Bitcoin is currently retesting a crucial price floor zone after retracing towards a long-term blue moving-average line on the weekly scale.
The analyst pointed out that each major price breakout since March 2023 has begun from this area, with previous touches leading to significant rebounds.
Every SIGNIFICANT $BTC surge since March 2023 initiated from this blue line.
We’re back here once again…
If this week concludes below $103,000, this cycle could be finished. pic.twitter.com/wk8Dyw9ac
— AlΞx Wacy
Bitcoin is trading just above $103,000, positioned slightly above its vital moving average range at the same level.
A weekly close beneath this zone may indicate that the rally is losing momentum and could pave the way for a deeper decline, potentially down towards the $40,000 range.
If the trendline sustains, the overall uptrend persists. In such cases, analysts expect a potential rise towards $150,000 if buyers regain dominance.
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Ethereum Price Outlook: Can ETH Bounce Back from Its Long-Term Base level Against BTC?
Traders are closely observing how the market concludes this week to obtain clearer insights.
In the meantime, the ETH Foundation has launched an updated grant program aimed at adopting a more proactive stance for ecosystem enhancement.
1/ ESP’s grant applications are now OPEN!
Our revamped grant initiative is organized through two paths:
Discover the new opportunities and apply below!https://t.co/qg4gBL62ED
— EF Ecosystem Support Program (@EF_ESP) November 3, 2025
The organization had halted new applications in August under its former ESP structure, suggesting it required time to re-evaluate funding priorities.
Now, it operates through two channels: a “Wishlist” and a “Requests for Proposals” pathway.
The Wishlist highlights key areas where the Ethereum Foundation identifies gaps to address. The RFP track specifies particular challenges and invites applicants to propose viable solutions.
On the trading side, Ethereum’s weekly chart against Bitcoin indicates the pair is retreating into a crucial market demand zone between 0.032–0.035 Bitcoin.
Analyst Michaël van de Poppe remarked that this area presents an adequate opportunity for accumulation.
The pair has been declining since its late-summer high, relinquishing a strong 145% rebound from April. Price behavior is still forming lower peaks, although the current retracement approaches a previous price floor zone.
$ETH is currently in the ideal range for purchasing opportunities against $BTC. pic.twitter.com/djvNEFAH6k
— Michaël van de Poppe (@CryptoMichNL) November 4, 2025
The 50-week moving average remains above the crypto market, indicating weakness. Trading volumes are also diminishing, which may suggest a decrease in selling pressure.
If this base level remains intact, a short-term recovery could occur. However, if buyers are unable to uphold the zone, the chart indicates potential declines toward 0.026 Bitcoin, with further levels around 0.022–0.019 BTC.
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The article After $1Bn BTC Whale Sale, Will Bitcoin Stabilize and Ethereum’s Ecosystem Priorities Boost Confidence? first appeared on 99Bitcoins.
