Historical market snapshot: Original article published November 10, 2026, at 03:06:03 UTC+8. Prices and expectations below reflect that report, not current conditions.
Bitcoin was back near $75,000 after a turbulent week, returning to levels last seen in early August. The difference was direction: August had brought a 25% monthly gain, while this return followed a slide from roughly $87,350.
Decrypt reported that Bitcoin was up 0.7% at $74,559 in one snapshot after touching its lowest level in more than two months. A separate chart snapshot in the article put it at $74,685 following an early dip to $73,667.
Stocks recovered, but leveraged crypto bets took a hit
U.S. stocks rebounded Monday as oil prices fell. By 11:30 a.m. Eastern, the S&P 500 was up 1.9% and the Nasdaq Composite had gained 2.2%. Brent crude dropped 4.3% to about $94 a barrel, although falling Nvidia shares unsettled tech investors.
The next scheduled macroeconomic event was the Bureau of Labor Statistics’ October consumer price index release, due the following day. A stronger-than-expected jobs report had already pushed traders to price in roughly an 80% chance of a quarter-point Federal Reserve rate increase in December.
Crypto’s modest bounce followed substantial forced selling. A CoinGlass snapshot cited by Decrypt showed $1.2 billion in liquidations over 24 hours, including about $1.04 billion in long positions—bets on rising prices. Bitcoin positions accounted for $324 million, nearly 87% of that in longs. Liquidations occur when traders’ posted collateral can no longer cover their losses.
Those figures document pressure on leveraged positions; they do not establish that the selling was over.
What the weekly chart showed
Bitcoin had rallied from roughly $57,700 to $87,350 before retreating toward $75,000. Its weekly candle was still open, leaving the closing level 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 below the faster average. The narrowing gap raised the possibility of a future bearish crossover, or “death cross”—not a confirmed one.
Other indicators offered no decisive signal:
- Relative Strength Index: 47.8. Slightly tilted toward sellers, but near the midpoint and above the commonly used oversold threshold of 30.
- Average Directional Index: 21.9. Below the usual 25 threshold for a strong trend, although its accompanying directional indicators gave buyers a slight edge.
The levels in focus—not guaranteed outcomes
Decrypt’s chart analysis identified $74,400 as the first potential support area. Bitcoin had already traded below it during the week; a weekly close beneath it would bring $72,550 into focus, followed by the $69,000 area around the 200-week moving average.
On a rebound, potential resistance stood near $76,040, then the 50-week average around $78,250. Clearing that average would put $80,360 back in view, followed by the prior rebound high near $87,350.
The report’s central uncertainty remained intact: stocks had bounced, but Bitcoin’s unfinished weekly candle and weak trend reading did not yet confirm a sustained recovery.
Source: Decrypt — “Bitcoin in Limbo as Stocks Rebound Ahead of US Inflation Report”.