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Bitcoin continued its November 2026 selloff, falling toward USD 73,700 before recovering to USD 74,481.71 at the press time on November 9. Continued exchange-traded fund (ETF) withdrawals, leveraged liquidations and weakening technicals have increased concerns about further losses.
The cryptocurrency remains under pressure ahead of the November 10 US inflation report, which could influence Federal Reserve interest-rate expectations and Bitcoin's next major price movement.
Bitcoin touched approximately USD 73,708 during Sunday's selloff, its lowest level since August, before recovering modestly. According to Glassnode estimates, Bitcoin has fallen below its short-term holder cost basis near USD 75,700, indicating that many recent investors are holding unrealized losses.
A sustained move below this threshold could encourage additional selling, particularly if Bitcoin fails to reclaim nearby resistance levels.
According to SoSoValue, US spot Bitcoin ETFs recorded approximately USD 1.28 billion in net outflows between November 2 and November 6. BlackRock's IBIT reportedly accounted for USD 1.21 billion in withdrawals during the week, including USD 403 million on Friday.
Total Friday outflows reached USD 411.9 million, highlighting persistent institutional selling pressure despite Wednesday's temporary USD 74.6 million inflow. Continued ETF withdrawals could limit Bitcoin's recovery unless institutional demand strengthens.
Bitcoin's decline coincided with over USD 1 billion in cryptocurrency liquidations over 24 hours, according to CoinGlass during Sunday's volatility. In the past 24 hours, 155,678 traders liquidated. Total liquidations were USD 1.04 billion. The largest observed liquidation order was on Binance - ETHUSDT, valued at USD 48.16 million.
Bitcoin-related liquidations totaled approximately USD 279.50 million, with USD 256.18 million being long positions and USD 23.33 million in short positions. These forced closures can intensify Bitcoin's downward momentum as exchanges automatically close leveraged positions when collateral becomes insufficient.
Bitcoin's daily Relative Strength Index (RSI) stood near 34.56, approaching the oversold threshold of 30. Meanwhile, the MACD histogram remained negative at -396.75, indicating continued bearish momentum.
Immediate resistance stands near USD 75,600, followed by USD 75,700 and USD 78,186. A sustained recovery above USD 80,000 could improve Bitcoin's short-term outlook.
On the downside, USD 73,692 remains immediate support, followed by USD 71,252 and USD 70,000. A deeper correction could expose the USD 67,868 region.
October's US Consumer Price Index (CPI) report on November 10 could influence Bitcoin's direction through changing interest-rate expectations. Softer inflation, renewed ETF inflows and stronger spot demand could support recovery.
However, persistent withdrawals and another breakdown below USD 73,692 could increase downside risks. Bitcoin's immediate outlook depends on defending USD 73,692 and reclaiming USD 75,700. Until buying pressure improves, rebounds toward USD 78,186-USD 80,000 may face resistance.
Also Read: Crypto Prices Today: Bitcoin Slips to USD 74,600 as Ether and XRP Lead Declines
1. Why is Bitcoin falling in November 2026?
Bitcoin is declining amid institutional ETF withdrawals, leveraged liquidations and weakening technical indicators. US spot Bitcoin ETFs recorded approximately USD 1.28 billion in net outflows between November 2 and November 6, adding to selling pressure.
2. What is Bitcoin's current price on November 9, 2026?
Bitcoin was trading at approximately USD 74,481.71 at the article's press time on November 9, after falling toward USD 73,708 during Sunday's selloff. The cryptocurrency remains below its short-term holder cost basis near USD 75,700.
3. How much money was liquidated during the latest Bitcoin selloff?
CoinGlass data cited in the article showed USD 1.04 billion in cryptocurrency liquidations over 24 hours, affecting 155,678 traders. Bitcoin accounted for approximately USD 279.50 million, including USD 256.18 million in long liquidations.
4. What are Bitcoin's key support and resistance levels in November 2026?
Bitcoin faces immediate support near USD 73,692, followed by USD 71,252 and USD 70,000, with deeper support around USD 67,868. Resistance stands at USD 75,600–75,700, followed by USD 78,186 and USD 80,000.
5. Can Bitcoin recover to USD 80,000 after the November 2026 selloff?
Bitcoin could recover toward USD 80,000 if ETF inflows return, spot buying strengthens and inflation data supports expectations for easier monetary policy. However, continued institutional withdrawals or a breakdown below USD 73,692 could increase the risk of further declines.
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