Crypto Market Correction Continues as Volumes Spike - November 3, 2025, 9:20 AM IST
Markets plunge as Bitcoin drops to $108K, Ethereum slips below $3,700, Solana and XRP pull back sharply. Volumes surge, funding rates rise, and traders watch key support zones amid volatility on November 3, 2025.
Monday’s session sees major cryptocurrencies sliding further, with all key assets posting declines even as trading volume surges:
- Bitcoin falls 1.67% to US$108,000 on high volume (US$517.74M, up 202.88%). Funding remains neutral (0%), with traders watching for support near $107K as volatility and liquidations increase.
- Ethereum drops 3.54% to US$3,700, experiencing a notable volume jump (US$157.31M, up 47.74%). Funding rate moves higher to 0.29%, as ETH bulls battle to hold the $3,600–$3,700 zone in a challenging, choppy environment.
- Solana declines 3.39% to US$178.67, while volume rallies (+45.45%) to US$111.03M. Funding rate climbs to 1.12%, signaling growing leverage and risk appetite among traders despite the price pullback.
- XRP retreats 2.92% to US$2.431 with very strong volume growth (US$103.69M, up 93.38%) and funding rate at 0.41%. Analysts cite profit-taking and tight Bollinger Bands, with key technical support near $2.37–$2.40, and upside resistance at $2.68–$2.83 if sentiment recovers.
Market Insights
- Bearish momentum persists: Rapid volume increases across the board are linked to heavy liquidations and rotational risk-off trading in response to macroeconomic signals and recent ETF flows.
- Support levels in focus: Traders are eyeing $107K for Bitcoin, $3,600 for Ethereum, and $2.37 for XRP as next short-term bases. A break below these may spark further downside.
- Leverage risk: Funding rates are rising on Ethereum and Solana, suggesting more aggressive positioning and increased short-squeeze potential if panic reverses.
LuwakTech’s analytics deliver real-time funding, volume, and price insights to help traders adapt to volatility and spot opportunities during corrective phases.
