Updated: November 7, 2025
Key Takeaways
- Bitcoin is trading around $101,348, down ~1.6% on the day; intraday range $100,412–$103,478.
- U.S. labor data remains the main macro swing factor today; the monthly jobs report has been postponed amid the government shutdown, so traders are leaning on private gauges instead. [1]
- U.S. spot Bitcoin ETFs flipped back to net inflows on Nov. 6 (+$239.9M) after a run of outflows, led by BlackRock (+$112.4M), Fidelity (+$61.6M), and Ark (+$60.4M). [2]
- JPMorgan claims BTC now looks undervalued vs. gold after October’s deleveraging; its gold‑relative model implies ~$170,000 “fair value.” [3]
- In the near term, on‑chain and derivatives readings remain cautious, with some analysts warning of a $91K downside if support fails; others frame the pullback as mid‑cycle. [4]
Bitcoin Price Today (7 November 2025)
At press time, BTC/USD is $101,348 (-1.6% 24h), with an intraday high at $103,478 and low at $100,412. Price action remains tight around the psychological $100K handle, following this week’s sharp swings.
What’s Moving the Market
Jobs Data Uncertainty: The U.S. nonfarm payrolls report—typically the month’s marquee macro print—has not been released due to the ongoing federal shutdown, leaving markets to triangulate from private surveys and high‑frequency indicators. This shift has kept risk appetite fragile and the U.S. dollar softer into the session, a combination that’s helped BTC stabilize above $100K. [5]
(Context note: The Employment Situation for October 2025 was slated for 8:30 a.m. ET on Friday per the Bureau of Labor Statistics calendar, but publication has been disrupted by the shutdown.) [6]
Cautious Risk Tone Overnight: During the Asia and early London hours, crypto traded sideways, with BTC hovering near $101K–$102K as broader risk sentiment stayed guarded. [7]
Spot ETF Flows: From Outflows to Inflows
After six straight days of net outflows, U.S. spot Bitcoin ETFs snapped the streak on Nov. 6 with an aggregate +$239.9 million net inflow. By fund, IBIT +$112.4M, FBTC +$61.6M, and ARKB +$60.4M topped the day’s tally. This positive shift removes one of the headwinds that weighed on prices earlier in the week, although one day’s activity does not guarantee a sustained trend. [8]
Analyst and Bank Views Today
- JPMorgan: Following October’s leveraged washout, BTC looks “more attractive than gold” on a volatility‑adjusted basis. The bank’s model suggests ~$170K would bring BTC in line with private gold investment allocations—indicating significant upside from current levels. [9]
- On‑chain/derivatives desks: CoinDesk’s Asia briefing cited “extremely bearish” conditions per CryptoQuant, with a potential risk of $91K if key supports fail, while Glassnode interprets the current drawdown as mid‑cycle rather than capitulation. [10]
Levels to Watch
- $100,000–$101,000: Immediate support; a clean break lower invites momentum selling.
- $112,500: The Short‑Term Holder cost basis. Analysts suggest bulls need to reclaim and hold this area to rebuild momentum. [11]
- $91,000: A bearish scenario flagged by some on‑chain models if supports fail. [12]
Market Context & Sentiment
- Range‑bound into Macro Catalysts: Bitcoin appears to be consolidating near $101K–$102K amid mixed macro cues and tighter financial conditions resulting from a hawkish Fed stance. [13]
- Fear and Positioning: Retail sentiment remains fragile, with the Crypto Fear & Greed Index back in “extreme fear.” Modest funding rates reinforce a prevailing “wait-and-see” approach among investors. [14]
Today’s Headlines Shaping BTC (Nov 7)
- BTC Holds Around $102K: As risk assets tread cautiously. [15]
- Jobs Report Delayed by Shutdown: Traders lean on private data, as dollar shows signs of softening amid cracks in labor indicators. [16]
- Spot Bitcoin ETFs Post a Net +$239.9M: On Nov. 6, snapping the outflow streak and alleviating a major headwind. [17]
- JPMorgan: BTC ‘Undervalued vs. Gold’: The bank estimates fair value at ~ $170K based on a volatility‑adjusted basis. [18]
Outlook: What to Watch Next
- Labor and Inflation Data Cadence: With the official Employment Situation timing unsettled by the shutdown and October CPI due Nov. 13, BTC may remain headline‑driven and sensitive to surprises in growth or inflation proxies. [19]
- ETF Flow Trend: A continuation of net inflows over the next few days would strengthen the case that forced de‑risking has run its course. Keeping an eye on daily tallies is crucial. [20]
- Key Price Zones: Holding above $100K keeps range trades intact; reclaiming around $112.5K could signal improving market structure. Conversely, a decisive breach towards $91K would validate a more bearish outlook. [21]
FAQ
Why is Bitcoin flat-to-lower today?
Markets are operating without the usual monthly jobs report due to the shutdown, relying on private indicators that point to a softer labor backdrop. This uncertainty, alongside lingering risk aversion, has kept BTC pinned near $101K. [22]
Did ETFs help?
Yes—on Nov. 6, there was a $239.9M net inflow across U.S. spot Bitcoin ETFs, marking the first positive print after several days of outflow. Continued confirmation over multiple sessions will matter more for establishing a trend. [23]
What are banks saying?
JPMorgan claims BTC is undervalued relative to gold post-October’s deleveraging, proposing a fair value near $170K based on a volatility‑adjusted, gold‑relative model. [24]
This article is for informational purposes only and does not constitute investment advice.
