Key Notes

Bitcoin fell to $107,000 as bearish momentum hit early on November 3.

This follows large exchange deposits from early Bitcoin OGs, fueling market caution.

Crypto experts believe OGs’ moves may be strategic, not bearish.

Bitcoin BTC $107 112 24h volatility: 3.2% Market cap: $2.14 T Vol. 24h: $47.34 B started the week on a shaky note as bears took over the broader crypto market in the early hours of Nov. 3. As of writing, BTC slipped to $107,000, marking a 2% drop in its market cap.

This drop follows a wave of exchange deposits from early Bitcoin holders, often referred to as “OGs.” According to Lookonchain, an early Bitcoin investor has deposited roughly 13,000 BTC (worth $1.48 billion) to Kraken, Binance, Coinbase, and Hyperliquid since Oct. 1

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