Bitcoin slips below $75,000 ahead of US CPI data
ITF Team3 min read
Bitcoin fell under $75,000 on 11/10/2026 as ETFs outflows and mixed institutional demand weigh, while traders eye the US CPI report for Fed clues.
Key takeaways
- Bitcoin traded at $74,746 on 11/10/2026, staying below the 200‑day EMA of $76,444.
- ETF spot funds recorded net outflows of $201.08 million on 11/9/2026, the largest weekly withdrawal since June.
- MicroStrategy added 1,036 BTC to its treasury on 11/9/2026, bringing its holding to 850,364 BTC.
- CME FedWatch Tool shows an 80% probability of a December rate hike ahead of the US CPI release on 11/12/2026.
Bitcoin (BTC) slipped under the $75,000 threshold on Thursday, 11/10/2026, after closing below a key technical support zone last week. The move keeps the cryptocurrency in a bearish near‑term bias as traders brace for the US October Consumer Price Index (CPI) report, a data point that could reshape expectations for Federal Reserve policy.
Technical picture and price action
At the time of writing, BTC was quoted at $74,746, hovering beneath a stacked band of major exponential moving averages (EMAs). The 200‑day EMA sits near $76,444, the 100‑day around $77,574 and the 50‑day close to $79,141, forming a layered ceiling of supply. Momentum indicators also point lower: the Relative Strength Index (RSI) is around 36 and the MACD remains in negative territory, suggesting that any rally will likely encounter selling pressure at these levels.
Immediate resistance aligns with the 200‑day EMA at $76,444, followed by the 100‑day EMA at $77,574 and the 50‑day EMA at $79,141. A higher horizontal barrier sits near $85,000. On the downside, the lack of a nearby support floor means a break below current levels could push BTC toward the psychological $70,000 zone before finding stability.
Institutional flows and corporate buying
ETF spot funds continued to bleed capital, posting net outflows of $201.08 million on 11/9/2026 after a $1.28 billion weekly withdrawal—the biggest since the end of June. SoSoValue data indicates that if the outflow trend persists, additional pressure on BTC could deepen the correction.
In contrast, corporate demand showed a burst of activity. MicroStrategy (MSTR) announced on 11/9/2026 that it had added 1,036 BTC to its treasury, raising its total holding to 850,364 BTC and accompanying USD assets to $4.9 billion. This purchase underscores that some corporate players remain bullish enough to accumulate during price weakness, offering a modest counterbalance to the broader outflow narrative.
Read also: AUD/USD near 0.6900 as traders await US CPI data
Macro backdrop: Fed expectations and geopolitics
Last week’s stronger‑than‑expected US payrolls reinforced market expectations that the Federal Reserve could keep rates higher for longer. The CME Group’s FedWatch Tool now assigns over an 80% probability to a December rate hike. A higher‑than‑expected CPI reading on 11/12/2026 could lift that probability further, strengthening the US dollar and pressuring risk assets like BTC.
Geopolitical risk also remains mixed. While former President Donald Trump signaled positive momentum toward ending the US‑Iran conflict, Iran’s Supreme National Security Council Secretary Mohsen Rezaei dismissed the notion of active talks, insisting on Tehran’s seven conditions. This back‑and‑forth keeps the risk premium elevated, supporting the safe‑haven appeal of the dollar and weighing on Bitcoin’s recovery prospects.
What traders should monitor next
Key levels to watch are the 200‑day EMA at $76,444 for upside bias and the $70,000 psychological support for downside risk. The upcoming US CPI report on 11/12/2026 will be the primary catalyst; a hotter reading could reinforce expectations of a December hike, while a cooler figure might ease dollar strength and allow BTC to test the $76,000 barrier.
- US CPI data release – 11/12/2026
- Potential Fed rate decision – December 2026
- Further ETF outflow/inflow data – weekly
- MicroStrategy or other corporate BTC activity
Frequently asked questions
Why is Bitcoin trading below $75,000 important for traders?
The $75,000 level sits just above the 200‑day EMA of $76,444, a major technical barrier. Falling below it signals that momentum indicators such as RSI and MACD are still bearish, and it places BTC in a zone where further downside to $70,000 becomes plausible if the next data releases do not boost risk appetite.
How could the US CPI report affect Bitcoin’s price?
The CPI figure will influence expectations for a December Fed rate hike. A higher‑than‑expected inflation reading would increase the probability of another rate increase, strengthening the US dollar and typically pulling risk assets like Bitcoin lower. Conversely, a cooler CPI could reduce rate‑hike odds, easing dollar pressure and allowing BTC to test higher EMA levels.
Official data sources
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This article is compiled from international market news for information only. It is not investment advice.