Veteran trader James Wynn has warned of a wave of intense fear sweeping across global markets, predicting that both stocks and cryptocurrencies could face severe losses this week.
summary
- James Wynn has predicted a volatile week this week, warning that BTC could fall below $100,000.
- In 24 hours, $478 million in crypto liquidations occurred, most of which came from long traders.
- Despite the concerns, November's bullish history could cushion further losses.
Wynn further predicted that Bitcoin could fall below $100,000, a key psychological level that negatively impacts sentiment.
In a Nov. 3 post on X, Wynn warned his followers that this week could be “one of the worst weeks” for both traditional and digital assets in a long time, and urged traders to avoid leverage amid volatility.
Market data shows rising fears and liquidations
The warning comes as the cryptocurrency market widens its decline following the October flash crash that led to more than $19 billion in liquidations. At the time of writing, Bitcoin (BTC) was trading below $108,000, while Ethereum (ETH) was hovering around $3,700.
According to data from CoinGlass, total liquidations in the past 24 hours rose 377% to $478 million, of which $422 million came from long positions. Open interest fell 1.64% to $154 billion, reflecting the decline in market confidence.
We believe this week will be one of the worst weeks we have seen for stocks and crypto in a very long time 🩸🚨
– I think SPX is the top.
– I think BTC will fall below $100,000.This week has seen the greatest pain and the greatest fear. Hodor. Avoid riots and avoid volatility.
I still… pic.twitter.com/Q3wLpKmJ7T
— James Wynn (@JamesWynnReal) November 3, 2025
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Although up 5 points to 42, the Crypto Fear & Greed Index remains in the “fear” range, indicating that sentiment has not yet changed. Cryptocurrency market capitalization fell 3.6% to $3.6 trillion, reflecting a slump in global equities as investors brace for potential macro shocks.
Mr. Wynne's bearish stance coincides with growing caution over monetary policy and trade tensions. Bitcoin could test support near $100,000 if the Federal Reserve's statement, expected in mid-November, takes a hawkish tone or if U.S.-China tensions escalate.
Near-term outlook: downside risks and seasonal strength
Analysts predict that Bitcoin could trade between $100,000 and $110,000 in the coming weeks, and could fall to $95,000 if $100,000 is not sustained. However, the fact that November has historically been one of the best months for Bitcoin provides some respite.
Some analysts are predicting a strong rebound after past cycles have averaged 25% to 30% gains. On the upside, dovish signals from the Fed and strong inflows into exchange-traded funds could push Bitcoin into the $125,000 to $130,000 range.
