BTC Falls Below $105,000 While Gold Holds at $3,971 — Rising Risk-Off Sentiment and Increasing Investor Caution

Global Risk Aversion Intensifies: BTC and Gold Trends Diverge

Chart: https://www.gate.com/trade/BTC_USDT

As of early November 2025, Bitcoin (BTC) prices fell below the $105,000 threshold, down roughly 5% from last week’s peak. Market participants regard this as a signal that risk appetite is waning. At the same time, gold remains near $3,971 per ounce without showing a strong rebound, suggesting that safe-haven flows remain muted.

Bitcoin Breaks Below Critical $105,000 Support

Over the past week, volatility in global risk assets intensified amid divergent views within the Federal Reserve regarding interest rate policy. Bitcoin has steadily retreated from around $110,000, with short-term support is now established at the $103,000 level. While some institutional investors continue to add to their positions, technical indicators point to short-term weakness.

Gold Holds Steady Around $3,971

Chart: https://goldprice.org/

Meanwhile, the gold market continues to trade steadily. According to data from GoldPrice.org, gold prices are hovering near $3,971 within a narrow range. Analysts note that, despite elevated inflation expectations, the strength of the US dollar and high Treasury yields have limited gold’s potential to rebound.

Investor Sentiment and Macro Outlook

From a portfolio perspective, the correlation between Bitcoin and gold has significantly weakened in recent months. While gold has historically rallied during crypto downturns, this cycle has seen capital has shifted toward cash, short-term bonds, and other low-risk assets. This indicates that although risk-off sentiment is rising, it hasn’t fully translated into increased demand for precious metals or digital assets.

Potential Market Directions Ahead

On the macro front, the Federal Reserve’s upcoming rate decision, US CPI data, and ETF inflow trends could prove critical in shaping BTC’s upcoming price direction. If market liquidity tightens, BTC may test the psychological $100,000 threshold.

In summary, BTC shows short-term weakness and gold is stable but lacks momentum. This reflects a market in consolidation ahead of a decisive move. For investors, maintaining flexible positioning and monitoring macroeconomic developments is prudent.