Tokyo-listed cryptocurrency treasury firm MetaPlanet raised $100 million using its Bitcoin holdings as collateral on November 6, 2025. The funds will support revenue-generating operations, share repurchases, and additional Bitcoin acquisitions. The company currently holds 30,823 BTC valued at approximately $3.51 billion, with the loan representing 3% of its total Bitcoin treasury.

Bitcoin has dropped below $100,000 as long-term holders sold approximately 400,000 BTC valued at $45 billion over the past month. The cryptocurrency declined 7.4% on Tuesday, extending total losses to over 20% from its recent peak. Unlike October's downturn driven by leverage liquidations, the current pressure stems from spot market selling by established investors.

Bitcoin has dropped below $104,000 and the 100-hour simple moving average, failing to hold above $105,000. The cryptocurrency declined to $98,900 before attempting a modest recovery. Bears remain active near $104,000, limiting upward momentum as the asset trades below key technical levels.

Galaxy Digital cut its Bitcoin year-end 2025 price target from $185,000 to $120,000, according to the firm's head of research Alex Thorn. The revision reflects increased leveraged liquidations and whale distributions exceeding 400,000 BTC. Japan's Metaplanet drew $100 million from its Bitcoin-backed credit facility to expand holdings, while Swiss custody startup Future raised $34.5 million in funding.

Bitcoin stabilized above $103,500 on Wednesday after briefly dropping below $104,000 the previous day. Maelstrom CIO Arthur Hayes maintains the bull cycle remains active despite a 27% decline over the past month. He cited potential Federal Reserve liquidity measures as a catalyst for renewed upside, though acknowledged uncertainty around timing given the ongoing US government shutdown.

Investment firm Galaxy reduced its year-end 2025 Bitcoin price target to $120,000 from $185,000, reflecting structural changes driven by institutional adoption. Head of research Alex Thorn described the shift as Bitcoin entering a "maturity era," with lower volatility as ETF and traditional finance capital reshape price behavior. The firm maintains a constructive long-term outlook despite the revised forecast.

Bitcoin's social sentiment hit its third most bearish level in six months, even as on-chain metrics remain stable. BTC fell below $100,000, down roughly 20% from its all-time high. Analyst Nic Puckrin suggests this magnitude of correction may present a buying opportunity rather than signaling fundamental deterioration.

Bitcoin dropped below $100,000 for the first time since June as total cryptocurrency market capitalization declined to approximately $3.45 trillion. The Fear and Greed Index fell to 20 while liquidations exceeded $2 billion in a single day. Ethereum traded below $3,100 amid broader deleveraging across digital assets.