Crypto Markets Today: BTC Price Holds $103K as Altcoins Consolidate on 'Fearful' Sentiment

On November 13, 2025, Bitcoin's price held steady at around $103K despite a backdrop of declining altcoins, as market sentiment remained in a state of fear. Major altcoins like AERO fell sharply by 18% following its merger announcement with Velodrome, while STRK and FET also experienced notable declines. Despite a 25% increase in trading volume, total open interest in the market dropped to $142 billion, as traders preferred spot exposure. The relative strength index indicated negative sentiment, and the dollar index's proximity to 100 posed a risk for further pressure on risk assets. XRP showed resilience with a 3.5% rise due to positive developments in the options market. The market is currently awaiting a catalyst to guide price direction, with BTC's open interest down 3.58% to $66.14 billion. Derivatives positioning suggests a mixed sentiment with a preference for put options, signaling a cautious outlook as traders prepare for potential volatility in the near term.

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