[LIVE]Crypto Update Today: Are BTC Bulls Still Active? ETH Aims for $4k As Major Capital Flows In

In today’s digital currency updates, Bitcoin (Bitcoin) is currently trading at



, just above the $100,000 threshold. It has increased by 1.2% in the last 24 hours, but is still down 6.95% for the week.

Despite the current situation, not all is bleak. Bitwise’s Chief Investment Officer, Matt Hougan, opines that BTC’s sharp decline, which saw its price dip temporarily below $100,000 for the first time since June, stems more from panic than actual market fundamentals.

In a recent interview with CNBC, he remarked, “It’s almost a tale of two markets.” He noted that retail traders have endured months of losses and unsuccessful leveraged trades, leading to a pessimistic crypto market outlook.

Conversely, financial advisors and institutional investors are taking advantage of lower prices, acquiring BTC through ETFs such as iShares Bitcoin Trust (IBIT), Fidelity Wise Origin BTC Fund (FBTC), and Grayscale BTC Trust (GBTC).

JUST IN: $12 billion Bitwise CIO Matt Hougan on CNBC: “I am bullish that we are going to rally at the end of the year.” pic.twitter.com/QsEOKaeKBS

— BTC Magazine (@BitcoinMagazine) November 5, 2025

Although the rate of accumulation has diminished since mid-year, Hougan emphasized that inflows remain positive, indicating that institutional players have not lost faith in the “digital gold.”

“When I converse with advisors and institutions,” he shared, “they’re still thrilled to allocate to an asset class that, when looked at from a broader perspective, has shown impressive returns over the last year.”

Presently, Bitcoin has stabilized above the $103,000 mark. Nonetheless, it has yet to regain its recent peak of $110,000. However, technical indicators imply that Bitcoin may be preparing for a possible upward trend.

$BTC is currently trading above the $103,000 level.

This is a critical threshold for BTC to maintain; failing to do so could lead to another drop.

I still lack confidence in this rally and believe Bitcoin might address the CME gap at the $92,000 level. pic.twitter.com/09sKmA5ak1

— Ted (@TedPillows) November 6, 2025

Trading volumes reflect that investors are consistently buying and holding at the $103,000 level. According to crypto analyst SatochiTrader, Bitcoin has formed a higher low, indicating that the price did not drop as significantly as in prior instances, and may be positioned for another climb.

(Source: TradingView)

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Crypto Announcement Today: ETH Aiming for $4k, Short Sellers Constrained?

At present,



is being traded at



after recovering by 2.23% over the past day from $3,055, leading to liquidations exceeding $1.3 billion in long positions.

The abrupt trading market plunge eliminated numerous over-leveraged uptrend positions, particularly around the $3,200 mark. Currently, the crypto market is skewed heavily towards short positions, paving the way for a $7 billion short squeeze if prices bounce back.

(Source: CoinGlass)

Technical indicators imply that ETH might be nearing a bottom. A hidden optimistic divergence on the daily chart hints at a possible trend shift.

ETH/BTC continues to challenge this significant resistance barrier.

We are very close to a upward movement.

I remain positive about $ETH. pic.twitter.com/0UjYU1LHIp

— Mister Crypto (@misterrcrypto) November 6, 2025

ETH is currently testing long-standing base level levels between $3,000 and $2,800, which have proven resilient in the past. Should its price start to rise, it might trigger a wave of short liquidations potentially propelling the price towards $4,000.

On the fundamentals front, Ethereum continues to attract institutional interest. Swiss bank UBS has recently utilized Chainlink’s Digital Transfer Agent to redeem digital fund shares (known as uMINT) on ETH.

ETH has experienced a 13% decrease on the weekly chart but has shown a slight gain of 2.57% in the last 24 hours.

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The post [LIVE]Crypto News Today: Bitcoin Bulls Still In Play? ETH Targets $4k As Big Money Moves In appeared first on 99Bitcoins.