Bitcoin could fall toward $65,000 if losses in AI and semiconductor stocks trigger broader portfolio liquidation, Hilbert Group chief investment officer Russell Thompson warned, according to Crypto Briefing as cited by PANews.
The PANews report was published on November 10, 2026, at 08:17:52 UTC+8. Its prices and market figures reflect that reporting context, not live conditions.
The downside scenario
Thompson, CIO of the Swedish crypto company, identified $71,900 as a key trendline support level. If Bitcoin broke below it, he said, $65,000 would come into focus, with limited technical support around the psychological $70,000 mark.
At the time of the report:
- Bitcoin was trading near $74,200.
- Bitcoin ETFs had recorded approximately $1.2 billion in net outflows over the preceding week.
- Demand for downside protection in the options market had increased.
A bearish warning, not a confirmed outcome
Thompson’s forecast depended on AI and semiconductor stock losses spilling into wider portfolio selling. The report did not establish that this liquidation scenario—or a fall to $65,000—would occur.
Despite his bearish near-term outlook, Thompson expected money leaving AI and technology stocks eventually to support a recovery in crypto markets. That, too, was his outlook rather than an observed outcome.