Source published Nov. 9, 2026, at 18:03:40 UTC+8. This article summarizes that reporting period, not current market conditions.
Bitcoin fell to about $73,500 late Sunday, its lowest level since Aug. 21, before briefly recovering above $75,000, according to Cointelegraph’s Nov. 9 report. The move came alongside heavy leveraged liquidations, uncertainty surrounding Nvidia and an approaching round of US inflation data.
Liquidations put the focus on recent buyers
CoinGlass recorded about $1.12 billion in leveraged crypto liquidations over the 24 hours through 9 am UTC Monday. That figure covered crypto positions broadly, not Bitcoin alone.
Bitcoin slipped below its 50-week simple moving average of $75,492 and approached its 21-week average of $73,078. It also traded below the short-term holder cost basis, which CryptoQuant placed at $75,691 on Monday. That metric estimates the average cost of coins that last moved less than 155 days earlier.
A CryptoQuant community analyst identified another potential hurdle near $79,300: the estimated cost basis of coins last moved one to three months earlier. The analyst suggested recent buyers might sell around break-even, potentially making that level resistance. This was an interpretation of holder behavior, not a confirmed selling threshold.
Trader Rekt Capital separately argued that selling volume needed to increase before signs of seller exhaustion emerged. Neither assessment established that Bitcoin had reached a bottom.
Nvidia investigation adds to tech-market uncertainty
Nvidia’s board said Sunday that it had opened an independent investigation into reports that CEO Jensen Huang had been targeted by a foreign intelligence effort. The board said it had no reason to believe US national security or company secrets had been compromised. China’s foreign ministry denied the spying allegations Monday.
Nasdaq 100 futures fell early Monday, recovered and then turned lower again before the US open, while S&P 500 and Dow futures remained higher. The investigation followed a tech sell-off the previous week, as investors weighed AI spending prospects and possible US regulatory changes after the midterm elections.
Economist Mohamed El-Erian described the timing as “unfortunate,” citing Nvidia’s importance to technology, markets and the economy, alongside the difficulty of pricing leadership, governance and geopolitical risks.
South Korea’s Kospi closed Monday down 0.8% at 5,018.85. The exchange had briefly halted trading Friday after the index fell more than 8% shortly after opening. South Korean Vice Minister of Science and ICT Ryu Jemyung said Monday that contracted Nvidia chip deliveries were expected to remain on schedule, according to CNA.
Inflation and oil frame the next catalysts
October’s US Consumer Price Index was scheduled for Tuesday and the Producer Price Index for Friday, both at 8:30 am ET. September consumer prices had risen 3.7% year over year; gasoline’s 9.1% monthly increase accounted for more than half of the overall monthly rise.
West Texas Intermediate crude futures traded near $90 a barrel Monday morning. US President Donald Trump told CNN on Sunday that renewed US strikes on Iran were “highly unlikely,” while saying the decision depended on whether Tehran signed an agreement.
Economist Robin Brooks argued that lower oil prices could support Bitcoin, stocks and precious metals. He considered $75-a-barrel oil possible and forecast a continuing negative correlation between Bitcoin and oil. Those were forecasts, not established outcomes.
CME Group’s FedWatch Tool showed markets assigning a 78.8% probability to a 25-basis-point Federal Reserve rate increase in December. Fed Governor Christopher Waller and Vice Chair for Supervision Michelle Bowman were both scheduled to discuss the economic outlook Tuesday.
The report’s central distinction: liquidations and price declines were observed events; a Bitcoin bottom, resistance from recent buyers and an oil-driven recovery remained interpretations or forecasts.