TON Declines to $1.93 with Altcoins Extending Losses Amid Bitcoin’s Relative Strength

TON Slides 2% to $1.93 as Risk-Off Sentiment Pressures Altcoins
November 5, 2025

TON declined more than 2% in the past 24 hours to $1.925, as a wave of risk aversion swept across crypto markets, hitting altcoins harder than Bitcoin.

The sell-off came as Bitcoin (BTC) briefly dropped below $100,000 for the first time since June before rebounding to around $102,000, data from CoinGlass showed. The volatility led to nearly $1.6 billion in long liquidations, highlighting elevated leverage across the market.

Altcoins faced steeper losses, with the CoinDesk 20 (CD20) index slipping 0.2%, supported by Bitcoin’s modest 1.4% recovery. TON, however, underperformed — sliding to an intraday low of $1.8117 before stabilizing near $1.93. Technical models from CoinDesk Research indicate a series of lower highs, signaling weak momentum and continued pressure within the altcoin space.

Sentiment deteriorated further following a $128 million exploit on decentralized exchange Balancer, which reignited security concerns and fueled a broader shift toward safer assets.

“Markets are still feeling the ripple effects from October’s $19 billion in liquidations,” said Jasper de Maere, OTC trader at Wintermute. “Low liquidity levels in altcoins make them particularly sensitive to macro-driven drawdowns.”

Despite the sell-off, TON showed mild stabilization, consolidating between $1.92 and $1.94 late Tuesday. However, analysts warned that momentum remains fragile — a break below $1.87 could deepen losses, while reclaiming $1.95 may mark the beginning of a recovery attempt.