3 Major Factors that Could Shake Bitcoin (BTC) Price This Week

Jakarta, Pintu News – The price of Bitcoin (BTC) experienced another significant drop on Nov. 3, 2025, trading at around Rp1,798,841,420 (approximately $107,670) after reaching its annual record of Rp2,112,525,142 (approximately $126,267).

This sharp correction came as the Crypto Fear and Greed Index fell into the fear zone, signaling investors’ growing concern about the state of the global cryptocurrency market. Three main factors – the death cross pattern, US economic data, and the outflow of funds from Bitcoin ETFs – are predicted to determine the direction of Bitcoin prices this week.

Death Cross: Technical Pressure Signals in the Crypto Market

The death cross pattern that formed on the Bitcoin price chart is one of the most watched technical indicators by traders this week. A death cross occurs when the 50-day Weighted Moving Average (WMA) cuts below the 200-day WMA, signaling a potential continuation of the downtrend. Historically, this pattern often precedes a prolonged bearish phase, especially when accompanied by a decline in trading volume and weakening buying interest from large investors.

Even so, some analysts think this situation does not fully confirm the long-term bearish trend. This is because the death cross has not appeared on other moving averages such as the SMA, EMA, or Arnaud Legoux MA, which often provide additional confirmation of the trend direction.

If the selling pressure continues, the Bitcoin price is at risk of dropping to the psychological level of IDR1,672,600,000 (approximately $100,000), before a technical rebound opportunity reappears.

Read also: 3 Crypto with a Chance to Explode with Bitcoin in November 2025

ADP Private Jobs Data: Fundamental Indicators that Determine Sentiment

On the macroeconomic front, the market focus this week is on the release of ADP Private Payrolls data scheduled for Wednesday, November 5, 2025. This report will show the number of new jobs in the US private sector, which is an important indicator of economic strength after last month’s decline of more than 32,000 jobs.

Analysts expect the addition of around 24,000 jobs, which if realized, could strengthen the value of the US dollar and put additional pressure on risky assets such as Bitcoin and other cryptocurrencies.

This data becomes even more crucial as the Bureau of Labor Statistics (BLS) has yet to release an official report due to the ongoing government shutdown. In addition, the Federal Reserve (Fed) has just cut interest rates and signaled that it will not make another cut in December.

The results of a report showing economic recovery could strengthen the argument for tight monetary policy, potentially restraining investor interest in the crypto market.

Also read: 3 Bearish Catalysts for Pi Network (PI) in November 2025

ETF Outflows: Pressure from Institutional Investors

Besides technical and economic factors, the large outflow of funds from Bitcoin-based Exchange-Traded Funds (ETFs) is also a major concern. In the last two days, Bitcoin ETFs experienced outflows of more than IDR 19,078,640,000,000 (approximately $1.14 billion).

BlackRock’s IBIT ETF recorded withdrawals of IDR2,491,074,000,000 (approximately $149 million), while Fidelity’s FBTC ETF lost more than IDR199,051,000,000 (approximately $11.9 million).

Although the total assets under management of Bitcoin ETFs have reached around Rp1,020 trillion (approximately $61 billion), this outflow trend indicates a decline in institutional investors’ confidence in crypto assets in the short term. If these outflows continue, the market could face a significant drop in liquidity.

However, optimism could return if the financial reports of major companies such as Robinhood, Palantir, AMD, and Shopify show positive results, potentially strengthening stock and crypto market sentiment simultaneously.

Conclusion

Three major factors-death crosses, ADP employment data, and ETF outflows-are a combination that could potentially shake up Bitcoin (BTC) prices this week. With weak technicals and increasing fundamental pressure, investors in the crypto market are advised to remain cautious. However, there is still a chance of a rebound if economic data shows stabilization and institutional capital flows return.

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• InvestingCube. Top 3 Developments That Could Impact Bitcoin Price This Week. Accessed November 8, 2025.
• Featured Image: Generated by AI