Red October, Even Redder November 🩸

The crypto market slumped Tuesday, with Bitcoin dipping to just above $100,000—while privacy coins spiked and Ethereum traders bought the dip.

Author

Stephen Graves
November 04, 2025

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📝 What you need to know

With the promise of Uptober a distant memory, and the reality of crypto’s Red October slipping into the rear-view mirror, there was no respite for markets Tuesday. Bitcoin slipped first to $104,000, and then tumbled further as the wider market continued to slide.

But, analysts argued, there’s still cause for optimism, painting the recent downturn as a healthy correction that could yet push prices upwards.

And there were some green shoots amid the inferno; privacy coins continued to tick upward, while Ethereum’s $359 million spot outflows Monday signaled that investors were buying the dip, according to analysts.

Bitcoin Price Outlook: What's Next After Red October?

Bitcoin's "Red October" is a healthy correction that could fuel a bullish November, targeting up to $150K by year-end, Decrypt was told.

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📰 In the News

Bitcoin Slips Below $104K as Crypto Market Extends Losses

Analysts say a DeFi crisis and macro fears sparked a crypto sell-off, but the leverage flush may pave the way for a sustainable recovery.

Privacy Coins Post Double-Digit Gains, Defying Market Slump

Analysts say privacy tokens are rallying as investors seek anonymity from increasing Bitcoin scrutiny, with Dash seeing record whale accumulation.

decrypt.co/347253/privacy-coins-post-double-digit-gains-defying-market-slump

Ethereum Traders Buy the Dip Despite Third-Largest Spot Outflow Since October

Ethereum's large spot outflow signals dip buying, with a potential bounce contingent on improving macro conditions, Decrypt was told.

📊 Myriad Market of the Day

Mando vs KBM on BTC's next move: 120K or 100K?

Trade " Mando vs KBM on BTC's next move: 120K or 100K?" on Myriad

💬 Quote of the Day

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“Could this red October actually set up the next major leg of Bitcoin's bull cycle? I think that's entirely possible.”

Rachel Lin, CEO of SynFutures

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📚 Watch and Learn

📹️ WATCH: How Hydration is Building the 'Holy Trinity of DeFi' With its HOLLAR Stablecoin

Ben McMahon, Ecosystem Lead at Hydration, explains how the all-in-one DeFi stack brings together swaps, a stablecoin platform and borrowing and lending in one place—and how Hydration's new stablecoin HOLLAR fits into its ecosystem.

(Sponsored post by Hydration)

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