FameEX Hot Topics | Bitcoin Hits New Lows Amid Tech Sell-Off: Data Predicts Drop Under $100K

Bitcoin tumbled to new lows despite every bullish signal traders expected being fully realized, raising questions about whether fears of an artificial intelligence sector bubble are dragging BTC down. The end-of-month sell-off intensified as Bitcoin briefly hit $107,328 after the New York open, then plunged to an intraday low of $106,800. This decline parallels modest weakness in U.S. equities, with the S&P 500 and Nasdaq posting small losses even though third-quarter earnings from major technology companies exceeded analyst forecasts.

Skepticism surrounding massive AI investments by Big Tech is fueling the pressure on Bitcoin and risk assets. Among the Magnificent Seven, Meta’s shares dropped 10% and Microsoft’s fell 3%, as investors focused on escalating capital outlays rather than strong results. Meta raised its AI-related capital expenditure guidance to between $70 billion and $72 billion, while Alphabet projected up to $93 billion for its AI infrastructure buildout. Concerns that these enormous spending commitments may not yield proportional returns are spilling over, contributing to broader market caution and BTC’s weakness.

Traders are also dismissing President Donald Trump’s optimistic characterization of his recent trade discussions. Apart from one postponed export ban and a reduction in certain tariffs, no substantive details about the talks or any concrete deal have surfaced. The persistent uncertainty around international trade policy remains a significant overhang, undermining the rally thesis that hinged on three key October confirmations: a trade deal, a 25-basis-point Federal Reserve rate cut, and the termination of quantitative tightening.

With all anticipated catalysts now in place yet Bitcoin still sliding, the path of least resistance points firmly downward. Hyblock’s liquidation heatmap highlights the nearest significant liquidity cluster at $103,800, where cascading stops could accelerate selling. Extending the view to a one-month lookback—which captures longer-duration positions—reveals dense long liquidations at $100,500 and $98,600, signaling potential for deeper declines if momentum turns decisively bearish.

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