Bitcoin traded near $75,000 as U.S. stocks rebounded on Monday, November 9, 2026, with investors awaiting the October U.S. consumer price index report. Decrypt’s report, published November 10 at 03:06:03 UTC+8, described a market recovering from heavy derivatives liquidations while Bitcoin remained below its 50-week exponential moving average.
The cryptocurrency was up 0.7% at $74,559 in one snapshot, after reaching its lowest level in more than two months. That put Bitcoin back near prices last seen in early August, when it had gained 25% in a month—but this time it was returning to that range after a decline.
Stocks recover ahead of inflation report
By 11:30 a.m. Eastern on Monday, the S&P 500 had risen 1.9% and the Nasdaq Composite was up 2.2%. Brent crude fell 4.3% to about $94 a barrel. Nvidia shares declined despite the broader equity rebound.
The Bureau of Labor Statistics was scheduled to release October consumer price index data the following day. The inflation release followed a stronger-than-expected jobs report that, according to Decrypt, had led traders to price in roughly an 80% probability of a quarter-point Federal Reserve interest rate increase in December.
Long positions dominate forced selling
A CoinGlass snapshot cited in the report showed $1.2 billion in crypto derivatives liquidations over 24 hours, including about $1.04 billion in long positions—bets on rising prices.
Bitcoin positions accounted for $324 million of the total, with nearly 87% of those liquidations coming from longs. Liquidations occur when an exchange closes positions because traders no longer have enough collateral to cover their losses.
Weekly chart highlights $74,400
Decrypt’s weekly-chart analysis traced Bitcoin’s rise from roughly $57,700 to $87,350 and its subsequent retreat toward $75,000. A separate chart snapshot put the price at $74,685 after an early dip to $73,667. The weekly candle had not yet closed, leaving the week’s outcome unresolved.
The 50-week exponential moving average stood near $78,250, above the 200-week average at about $69,790. That ordering still favored the longer-term uptrend, but Bitcoin was trading below the faster average. The narrowing gap between the averages increased the possibility of a future bearish crossover, or “death cross”; it had not occurred.
Other indicators offered a mixed picture:
- Relative Strength Index: 47.8. This was near the midpoint of its zero-to-100 scale, slightly favoring sellers but still above the 30 level commonly associated with oversold conditions.
- Average Directional Index: 21.9. This was below the commonly used threshold of 25 for a strong trend, although its accompanying directional indicators gave buyers a slight edge.
The report identified $74,400 as the first potential support area, noting that Bitcoin had already traded below it during the week. A weekly close beneath that level would bring $72,550 into focus, followed by the $69,000 area near the 200-week average.
On a recovery, the analysis identified potential resistance near $76,040, then the 50-week average around $78,250. A move above that average would put $80,360 in view, with the prior rebound high near $87,350 beyond it. These were conditional chart levels, not confirmed price outcomes.
Source: Decrypt — original article. Published November 10, 2026, at 03:06:03 UTC+8.