In Bitcoin News today, New York just elected Zohran Mamdani, its first socialist mayor, who has odd parallels to Donald Trump:<\/p>\n
Widely considered unelectable With that said, both have totally different views on crypto<\/a> and <\/p>\n \t<\/span><\/p>\n \t\t \t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t \t\t\t\t \t\t \t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t \t\t\t<\/p>\n \t\t \t. According to The Street<\/em>, Mamdani campaigned on \u201cmaintaining a reserved public stance on cryptocurrency,\u201d<\/strong> in stark contrast to the pro-crypto policies of the current mayor, Eric Adams.<\/p>\n In one interview, he was quotedas\u00a0 saying: \u201cI don\u2019t think that we should have billionaires because, frankly, it is so much money in a moment of such inequality.\u201d<\/p>\n BREAKING: Zohran Mamdani wins NYC Mayor race, as projected first by @Polymarket<\/a>. <\/p>\n Polls are dead. Prediction markets are now. #crypto<\/a> pic.twitter.com\/cMpCBt3Ek0<\/a><\/p>\n \u2014 Altcoin Daily (@AltcoinDaily) November 5, 2025<\/a><\/p>\n\n So will all of this continue to plummet Bitcoin, or maybe support it since Mamdani is young and fresh, and is the bottom in for BTC? Here\u2019s what to know:<\/p>\n DISCOVER: 20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n A viral Reddit analysis this week argued that Bitcoin has exhausted its downside. The post highlighted three factors: 1) an extreme skew in liquidation levels, 2) bearish public sentiment, and 3) support at the 50-week moving average. Together, the indicators paint a picture of a market that\u2019s oversold and ready to reverse.<\/p>\n \u201cBear markets don\u2019t happen when everyone is short,\u201d the post said. \u201cThe flush always happens when everyone is long. Until 89K we only have $1.68B under us, compared to $18.3B in liquidations above. That\u2019s a 1:20 ratio.\u201d<\/p>\n (Source:Reddit<\/a>)<\/p>\n The Fear and Greed Index<\/a> currently sits around 27, suggesting deep fear. Following Monday\u2019s 3% dip, it could drop to 20 levels, which are typically seen at cycle bottoms. On social media, calls for a \u201cnew bear market\u201d have become ubiquitous. Even CNBC\u2019s<\/em> Jim Cramer declared Bitcoin\u2019s bull run over, which, as we all know with Cramer\u2019s shoddy track record, should be good news!<\/p>\n Technicals show Bitcoin holding steady at its 50-week SMA, historically a key reversal zone. 99Bitcoins analysts warn that a break two weeks below this level could confirm a larger downtrend, but so far, buyers continue to defend the range.<\/p>\n (Source: X<\/a>)<\/p>\n Bitcoin ETFs bled $800 Mn last week, enough to rattle the weak hands, yet the full month shows $3.4 Bn in inflows, according to CoinGlass<\/a>. The big money hasn\u2019t left despite fears of recession or New York\u2019s first socialist mayor.<\/p>\n Moreover, in their Connecting the Dots newsletter, London Crypto Club analysts David Brickell and Chris Mills said they believe \u201cthe peak in US liquidity tightening\u201d<\/strong> is now behind us.<\/p>\n (Source: CoinGlass<\/a>)<\/p>\n \u201cThe Fed announced an end to quantitative tightening from December 1,\u201d London Crypto Club wrote. \u201cThat\u2019s the end of the liquidity drain. From there, the Fed\u2019s balance sheet will start rising again.\u201d<\/p>\n Once the US government shutdown ends, Treasury spending and bank reserves are expected to expand further, amplifying liquidity and risk appetite.<\/p>\n DISCOVER:\u00a0<\/span>Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/span><\/a><\/strong><\/p>\n While short-term volatility remains for BTC, many analysts don\u2019t see BTC dipping under $100k, but maybe testing it.\u00a0 The market backdrop \u2013 cooling inflation, a looser Fed, and fading bearish sentiment \u2013 looks eerily similar to past cycle bottoms.<\/p>\n If history rhymes, Bitcoin\u2019s next major move may explode up in Q4.<\/p>\n EXPLORE: Now That The Chainlink Price is Dead, What\u2019s Next For It?<\/a><\/strong><\/p>\n Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n In Bitcoin News today, New York just elected Zohran Mamdani, its first socialist mayor, who has odd parallels to Donald Trump. <\/p>\n Once the US government shutdown ends, Treasury spending and bank reserves are expected to expand further. <\/p><\/div>\n The post Bitcoin News: Retail Predict The Bottom is In, Huge Liquidation Targets Could See BTC Hit $126K<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" In Bitcoin News today, New York just elected Zohran Mamdani, its first socialist mayor, who has odd parallels to Donald Trump: Widely considered unelectable DNC tried to bury his campaign. Every mainstream media source on the planet condemns him, even the freaking New York Times says \u201cvote anyone but him\u201d. Inspires numerous copycats all over […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-110589","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/110589"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=110589"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/110589\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=110589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=110589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=110589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nDNC tried to bury his campaign.
\nEvery mainstream media source on the planet condemns him, even the freaking New York Times<\/em> says \u201cvote anyone but him\u201d.
\nInspires numerous copycats all over the country, also running on affordability and economic reform<\/a>.
\nWins the general anyway with a straight majority.<\/p>\n
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\n\t\t\t\t\t\t$101,957.00<\/span>
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\n\t\t\t\t\t\t5.38%<\/span>
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\n\t\t\t\t\t\t$101,957.00<\/span>
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\n\t\t\t\t\t$111.94B<\/span>
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\n\t\t\t\t\t\t\tLearn more\t\t\t\t\t\t<\/a>
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\n\t<\/p>\nBitcoin News: Retail Fear Hits Peak as Sentiment Collapses<\/h2>\n
\n Crypto Fear and Greed Chart <\/h4>\n
\n 1y<\/span>
\n 1m<\/span>
\n 1w<\/span>
\n 24h<\/span>\n <\/div>\n<\/div>\nBitcoin ETF Flows Tell a Different Story<\/h2>\n
Bitcoin\u2019s Next Move: Reconnect to the Risk Trade<\/h2>\n
Key Takeaways<\/h2>\n