FameEX Hot Topics | Tech Stocks Plunge, Bitcoin Scrapes Bottom: Forecast Sees BTC Below $100K

Bitcoin crashed to fresh lows despite every bullish trigger traders banked on materializing in full, prompting speculation that mounting fears of an artificial intelligence investment bubble are sapping strength from BTC. The cryptocurrency’s end-of-month rout gained speed as the price slipped to $107,328 moments after the New York session began, then carved an intraday trough at $106,800. The slide tracks mild softness across U.S. equity markets, where the S&P 500 and Nasdaq posted fractional declines even as third-quarter results from leading technology firms handily beat consensus estimates.

Investor anxiety over skyrocketing AI capital commitments is amplifying downward pressure on Bitcoin and correlated risk assets. Within the Magnificent Seven cohort, Meta shares plunged 10% while Microsoft shed 3%, with market participants fixating on ballooning expenditures that eclipsed otherwise robust earnings. Meta lifted its AI-focused capital spending outlook to a $70–$72 billion corridor, and Alphabet telegraphed as much as $93 billion in CAPEX earmarked for AI infrastructure expansion. Doubts about whether these colossal outlays will deliver commensurate long-term returns are rippling outward, fostering caution and contributing to BTC’s vulnerability.

Traders are shrugging off President Donald Trump’s upbeat take on his recent trade talks. Beyond a one-year delay on an export ban and a cut to select tariffs, no meaningful details or firm agreement have emerged. Lingering trade policy uncertainty continues to weigh heavily, eroding the rally case built on three October milestones: trade accord, a 25-basis-point Fed rate cut, and the end of quantitative tightening.

With every forecasted catalyst checked off yet Bitcoin still hemorrhaging value, the balance of momentum tilts decisively bearish. Hyblock’s liquidation heatmap pinpoints the closest meaningful liquidity pocket at $103,800, where a cascade of stop-loss orders could ignite accelerated selling. Widening the lens to a one-month horizon—which incorporates longer-dated positions—exposes dense clusters of long liquidations at $100,500 and $98,600, foreshadowing the possibility of sharper drawdowns should selling pressure intensify further.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.