Bitcoin tumbles under sales pressure while panic spreads

After a flurry of warnings, shorts taken by Whales who invested since Bitcoin’s inception, and even a negative review by Peter Brandt, the largest digital currency fell below $105,000 yesterday for the first time in a month. Analysts fear a drop to $92,000 is possible in the coming weeks, marking the end of the bull run.

Palantir

For me, it was Palantir’s latest quarterly report that marked the turning point. The (bubble-like) enthusiasm surrounding AI took a significant hit after Palantir failed to meet investors’ high expectations on Monday evening. While the quarterly figures were better than expected and the outlook was raised, stock markets still fell on Tuesday. Palantir, of course, has an “extreme valuation” (meaning many times higher than it should be valued), making the AI ​​company vulnerable to a deterioration in market sentiment surrounding artificial intelligence.

Bleeding

The crypto market was bleeding, with larger altcoins (and Bitcoin) being particularly affected. Bitcoin fell to a level of $99k and is now trading at $102k.

Upper green band, so around low $60s. I hope you are right about not yet a high https://t.co/fYKSrFi4tf

— Peter Brandt (@PeterLBrandt) November 3, 2025

If this does indeed mean the end of the bull market, Peter Brandt calculated that a drop to $60,000 is possible for Bitcoin.