Why is Bitcoin down today?
Bitcoin is falling today because a hotter-than-expected US inflation report revived bets on a Federal Reserve rate hike, while US spot Bitcoin ETFs (exchange-traded funds) recorded their biggest weekly outflow since June and about $718 million of leveraged positions were liquidated. Bitcoin (BTC) traded at $73,711.87 at 06:45 UTC on Wednesday, 11 November 2026, down 1.34% on the day after touching an intraday low of $72,727.27. It is now down 11.41% over the past month and about 41% below its all-time high of $126,080.
In short: inflation pushed interest-rate expectations up, institutions pulled money out of Bitcoin funds, and forced selling did the rest. None of the five reasons below is a rumour — each one is backed by a published figure, and together they explain why sellers are still in control after five straight weeks of falls.
Bitcoin price today — at a glance
- BTC price (06:45 UTC, Binance BTC/USDT): $73,711.87
- Change today: -1.34% (-$1,004.04)
- Intraday low / high: $72,727.27 / $74,996.01
- Change over 1 month: -11.41%
- Change year to date: -16.46%
- Market capitalisation: About $1.48–1.50 trillion
- Crypto Fear & Greed Index: 28–32 (Fear)
- US spot Bitcoin ETF flow, week of 2–6 Nov: -$1.28 billion
- US spot Bitcoin ETF flow, 9 Nov: -$201 million
- Liquidations in 24 hours: About $718 million
Bitcoin daily closes: $74,851 on 8 Nov, $75,368 on 9 Nov, $74,212 on 10 Nov, then $73,712 intraday on 11 Nov. Source: Binance BTC/USDT data reported by Finnhub.
Reason 1: Hot US inflation revived Fed rate-hike bets
The trigger was the October US Consumer Price Index (CPI), released on 10 November by the US Bureau of Labor Statistics. Headline inflation rose 0.4% in the month, above the 0.3% economists expected. Core CPI, which strips out food and energy, rose 0.3% against a forecast of 0.2%. Bitcoin fell to an 11-week low of about $73,588 after the release, according to the Wall Street Journal's market report using LSEG data.
Higher inflation matters for Bitcoin because it changes what the Federal Reserve does next. Traders moved to fully price a 25-basis-point rate hike at the Fed's 9 December meeting, which would lift the target range to 4.00%–4.25%. CME FedWatch data cited by TradingView put the odds at 88.7% for a 25-point hike and 11.3% for a larger 50-point move. Federal Reserve Governor Christopher Waller had already said he would support a December increase. When rates rise, cash and bonds pay more and risky assets such as crypto become less attractive, so money leaves first and asks questions later.
Bond markets confirmed the shift: the US 2-year Treasury yield jumped about 20 basis points to 4.77%, its sharpest daily rise in two years, and the 10-year yield crossed 5%. A stronger dollar and higher yields have pressured Bitcoin after almost every hot inflation print this year, and this one was the third straight monthly reading above expectations.
Reason 2: Bitcoin ETF outflows removed the biggest buyer
Institutional demand, which carried Bitcoin to its record high, is now moving in the opposite direction. US spot Bitcoin ETFs lost $1.28 billion between 2 and 6 November, their largest weekly outflow since late June, according to SoSoValue data reported by CoinDesk. The selling continued on Monday, 9 November, with another $201 million withdrawn in a third straight outflow day.
BlackRock's iShares Bitcoin Trust (IBIT) led the exit, recording $213.2 million of outflows on 9 November in its seventh consecutive session of redemptions, according to Farside Investors data reported by CoinDesk. Ethereum funds are bleeding too: US spot Ether ETFs lost $184.6 million on Monday and about $365 million over the same week. When ETF money leaves, the funds sell the underlying Bitcoin, so these outflows are direct selling pressure — not just a sentiment signal.
Liquidity on the sidelines is draining at the same time. CryptoQuant data reported by BeInCrypto shows the market capitalisation of Tether (USDT), the largest stablecoin, has fallen by $6.6 billion over the past 60 days. Stablecoins are the cash traders use to buy crypto quickly; a shrinking supply means less buying power is waiting to catch a dip.
Reason 3: Liquidations turned a dip into a slide
Leverage made the fall faster. According to CoinGlass data reported by TradingView, more than 121,000 traders were liquidated in 24 hours, with about $718 million of forced liquidations. Most of those positions were longs — bets that the price would rise — so exchanges closed them by selling, which pushed the price lower and triggered the next round of liquidations below.
Sentiment has flipped with the price. The Crypto Fear & Greed Index, which scores market mood from 0 (extreme fear) to 100 (extreme greed), fell to 28 after sitting at 81 — deep greed — in October. Readings in the high 20s and low 30s were still being reported on 10 and 11 November. Fear does not cause a fall on its own, but it explains why buyers are waiting instead of stepping in: nobody wants to catch a falling market while the next inflation and Fed dates are still ahead.
Reason 4: A sharp weekend drop broke key technical levels
The damage started before the inflation report. On Sunday, 8 November, Bitcoin fell about $2,200 in 15 minutes to roughly $73,900, its lowest level since August, in thin weekend trading. CoinDesk linked that move to reports of an investigation involving Nvidia's chief executive and stalled US–Iran talks, which hit risk assets when liquidity was at its thinnest.
Technically, Bitcoin has now closed below its 50-week moving average for the first time since September, ending seven consecutive weeks above it, and it briefly fell below its 200-day moving average near $73,100. That same 200-day level supported the recovery in August that carried Bitcoin to $87,400 in September. Losing it tells chart-based traders that the uptrend is broken, and many of them sell automatically when these levels fail — adding mechanical selling on top of the news-driven selling.
Reason 5: The wider market is in risk-off mode
Bitcoin is not falling alone, which is a sign this is a broad risk-off move rather than a Bitcoin-specific problem. On 10 November, Ethereum fell 3.43% to $2,059.16 and Solana fell 3.69% to $83.37, while XRP traded below its $1.10 cap. Bitcoin's dominance of the total crypto market remains near 60%, meaning altcoins are falling faster than Bitcoin, as usually happens when investors rush to safety.
Coin prices on 10 Nov 2026: Bitcoin (BTC) $73,874.38, -1.83%; Ethereum (ETH) $2,059.16, -3.43%; Solana (SOL) $83.37, -3.69%; XRP below $1.10, down on the day.
Regulatory uncertainty adds to the caution. The CLARITY Act, the US market-structure bill the industry has waited on, remains stalled after the Senate failed to advance it on 15 September, falling short of the 60 votes required. With no regulatory catalyst in sight, there is no obvious headline to pull buyers back in — which leaves the macro calendar in charge.
Will Bitcoin fall to $70,000? Key levels to watch
- Support 1: $73,000 — immediate support.
- Support 2: $70,000 — the next psychological level.
- Support 3: $67,000 and $65,000 — the origin and base of the late-August breakout.
- Resistance: $75,000 first, then $76,000–$78,000, and $80,000 for a real trend change.
Analysts quoted across today's coverage identify $73,000 as the line that matters most. A daily close below it would expose the thin demand zone underneath: one analyst noted on X that there is very little buying demand between roughly $73,500 and $66,700, which is why a break could move quickly. FOREX.com's forecast makes the same point from the chart: below $75,000, the $70,000, $67,000 and $65,000 levels come into focus in that order. Bitcoin's relative strength index (RSI) is near 33, close to oversold, which warns that a short-term bounce can happen at any time — but a bounce is not a reversal until $75,000 is reclaimed and held.
Prediction posts trending today ask whether Bitcoin can reach $100,000 again in 2026. From $73,712 that would need a gain of nearly 35%, and every route there runs through the same gates: hold $73,000, reclaim $80,000, then clear $85,000 and $90,000. Until ETF flows turn positive again, that path stays blocked.
What happens next: the three dates that decide the trend
- 13 November 2026: US Producer Price Index (PPI) for October. A second hot inflation print would harden rate-hike bets.
- 18 November 2026: Minutes of the Federal Reserve's October meeting. Traders will read them for how many officials already favoured a hike.
- 9 December 2026: Federal Reserve interest-rate decision. Markets currently price a 25-basis-point hike to 4.00%–4.25%.
Between those dates, watch the daily ETF flow number each evening. A single day of strong inflows after seven straight IBIT outflow sessions would be the first real sign that institutional selling is exhausted. Until then, each rally toward $75,000–$76,000 is likely to meet sellers who bought higher and want to exit.
Should you buy the dip?
Fear readings near 28 have marked local bottoms in the past — but only when ETF inflows returned at the same time. This time, both conditions are not yet in place: sentiment is fearful, yet money is still leaving the funds. That combination argues for patience or staged buying in small tranches at clear support levels, rather than putting a full position in at the first red candle.
Whatever you decide, size the position so that a move to $65,000 — a level serious analysts are now discussing openly — does not force you to sell. Use limit orders instead of chasing weekend moves, keep leverage out of a market that just liquidated $718 million of leveraged bets in a day, and never invest money you need in the next few months. This article is news and education, not financial advice.
Frequently asked questions
Why is Bitcoin down today, 11 November 2026?
Bitcoin is down mainly because October US inflation came in hotter than expected — CPI rose 0.4% versus 0.3% forecast — which pushed traders to price in a Federal Reserve rate hike on 9 December. At the same time, US spot Bitcoin ETFs lost $1.28 billion last week and about $718 million of leveraged positions were liquidated.
What is the Bitcoin price today in USD?
Bitcoin traded at $73,711.87 at 06:45 UTC on 11 November 2026, down 1.34% on the day, with an intraday range of $72,727.27 to $74,996.01 on Binance's BTC/USDT pair. Prices move continuously, so check a live chart for the current figure.
Will Bitcoin fall to $70,000?
It can if Bitcoin closes below the $73,000 support on a daily basis. Analysts point to limited buying demand between about $73,500 and $66,700, with $70,000 as the next psychological level, followed by $67,000 and $65,000. Holding $73,000 and reclaiming $75,000 would weaken that scenario.
Why are Bitcoin ETFs seeing outflows?
Investors are reducing risk ahead of a possible Fed rate hike and after a strong jobs report, and some are taking profit or cutting exposure after Bitcoin fell from above $87,000 in early October. US spot Bitcoin ETFs lost $1.28 billion in the week of 2–6 November, and BlackRock's IBIT has posted seven straight sessions of outflows.
Is now a good time to buy Bitcoin?
No one can call the bottom reliably. Fear readings near 28 have preceded recoveries before, but only once ETF inflows returned. A staged approach at support levels, with position sizes that survive a drop to $65,000, manages that risk better than a single all-in buy. This is not financial advice.
Disclaimer: This article is for news and education only and is not financial advice. Cryptocurrency is volatile; prices and figures were correct at the time of writing on 11 November 2026 and will change. Do your own research before investing.
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