Bitcoin slipped below the six-figure mark on Tuesday, reigniting debate over its volatility as analysts clashed on its long-term trajectory. The drop came just as Altcoin Daily released a satirical video chronicling Bitcoin’s biggest crashes, ironically turning the narrative of losses into a lesson on resilience.
The viral clip from Altcoin Daily humorously traced Bitcoin’s roller-coaster history. It recounted how the asset surged from $0.06 to $0.36 in 2010 before falling to $0.21. Subsequently, BTC surged again from $85 to $29, from $213 to $70, and from $1,100 to $239. Remarkably, the apex cryptocurrency has continued in this pattern through different bull and bear cycles till its current trend above the $100,000 valuation.
The video concluded by stating that, “So the moral of the story is, don’t buy Bitcoin, because you know it’s gonna crash.”
Behind the humor lies a familiar truth: Bitcoin has repeatedly endured severe drawdowns of 80–90% only to recover stronger each cycle. Analysts note that such declines have punctuated every major bull run since 2010, forming what finance journals describe as crypto’s defining high-risk, high-reward rhythm.
Market Reels as Bitcoin Briefly Fell Below $100K
Bitcoin’s latest drop underscores that pattern. The asset plunged to around $99,000 on Tuesday before stabilizing near $101,700, marking its sharpest sell-off since June. Data from SoSoValue showed $566 million in ETF outflows in a single day, extending a week of institutional withdrawals.
Blockchain analytics firm Santiment linked the decline to heavy selling by whales. Wallets holding between 10 and 10,000 BTC have offloaded approximately 38,366 BTC since October 12, reducing their total supply ownership of 68.5% by 0.28%. In contrast, small holders, or “shrimps,” added 415 BTC during the same period, slightly increasing their market share.
📉 Bitcoin is down to $101.8K, now concerning traders with the prospect of the asset dropping below $100K for the first time since June 22nd.
🐳 Whales and sharks holding 10-10K $BTC hold 68.5% of Bitcoin's supply, and have dumped 38,366 coins since October 12th (a -0.28% drop).… pic.twitter.com/UbnIEFFZo4
— Santiment (@santimentfeed) November 4, 2025
Peter Schiff Sees a Crash Ahead; Others Predict a Recovery
Meanwhile, economist Peter Schiff said the downturn could wipe out all of Bitcoin’s 2025 gains, forecasting a slide to $90,000 if sentiment worsens. He argued that BTC’s weakness might trigger a gold rally, given the assets’ often inverse correlation.
Not everyone agrees. Tom Lee, chairman of BitMEX, and Arthur Hayes, co-founder of BitMEX, remain bullish, expecting Bitcoin to climb between $200,000 and $250,000 by 2026. They point to recovering liquidity conditions and possible renewed ETF inflows as catalysts for the next leg of higher returns.
The CoinRemark Team
Evans Kelvin
