Bitcoin Falls to $113,400 as Rally Fizzles Out
The market value of all listed crypto assets climbed by 1.62% to $3.83 trillion despite negative price fluctuation in top assets, including Bitcoin and Ethereum.
Trading data obtained from Coinmarketcap.com showed that Bitcoin price fell to $113,400 on Sunday, sustaining a downward trend as retail investor sentiment weakened.
Investors liquidated positions held in top cryptocurrency, but Bitcoin falling has been faster than Ethereum, XRP, Solana and Cardano.
Bitcoin reached an intraday high of $114,000 before it pulled back. In the meantime, the Ether price came awfully close to reclaiming the $4,100 level.
BNBUSD has declined by 0.11% on the day to $1,125 while XRPUSD recorded a 0.06% gain on the day, trading at $2.61.
Liquidation data from the last 24 hours reveals some surprising imbalances among major cryptocurrencies: XRP traders who bet against the altcoin took a hit almost five times bigger than the longs, with a rare 404% short-to-long wipe-out ratio.
Out of $5.95 million liquidated on XRP pairs, $4.77 million came from shorts, while only $1.18 million was sucked out of leveraged longs, as per CoinGlass.
With overall market direction moving positive, ETHUSD is priced at $4076, with a 2.88% uptick in 24 hours. BTCUSD hovers around $113,427, SOLUSD is trading at $197, while XRP is down slightly on the day to $2.61.
Ethereum price appears to be building a firmer base for the next phase of its recovery heading into November. When whale wallets accumulate, it reduces the circulating supply available on exchanges and reduces selling pressure.
About 62,000 BTC has moved out of long-term, inactive wallets since mid-October, according to Glassnode, the first significant decline in the second half of 2025.
Bitcoin’s price has declined in recent weeks from its all-time high price over $125,000, achieved in early October, and currently trades around $113,550, according to The Block’s Bitcoin Price page.
