🚨 Bitcoin Faces Fifth Straight Weekly Decline as AI Stock Selloff Hits Crypto
Bitcoin is under pressure as weakness in the US technology sector spreads into the crypto market.
BTC has recorded five consecutive weekly losses and was trading near $75,950 on November 8. The recent AI stock selloff has added further uncertainty to an already fragile market.
📉 Why Is Bitcoin Falling?
The recent decline is not happening in isolation.
On November 5, the Nasdaq Composite suffered its worst daily performance since April 2025, while semiconductor stocks faced heavy selling pressure.
Some major losses included:
Sandisk: Down 27.4%
Micron: Down 22%
Semiconductor ETF (SMH): Down 11.2%
Nasdaq: Down 3.4% for the week
As investors reduced exposure to risky assets, Bitcoin and other cryptocurrencies also came under pressure.
⚠️ Crypto Liquidations Increase
The market selloff triggered massive liquidations in leveraged trading positions.
According to CoinGlass, Bitcoin's price dropped around 5.3%, while Ethereum declined approximately 7.3% during the reported period.
Most of the liquidation pressure came from long positions, showing how heavily bullish traders were exposed before the decline.
🏦 Institutional Investors Reduce Risk
Institutional selling has also contributed to market weakness.
Bitcoin ETFs experienced significant outflows, with Fidelity's FBTC losing approximately $200 million and BlackRock's IBIT recording around $105 million in outflows on November 5.
Meanwhile, uncertainty around US interest rates is creating additional pressure on risk-sensitive investments.
The upcoming US CPI report could become an important catalyst for the next market move.
📊 Important Bitcoin Price Levels
Here are the key levels traders should watch:
$90,000: Potential upside target if recovery gains strength.
$82,000: Possible resistance from trapped long positions.
$81,800: 50-day moving average.
$75,000–$77,000: Important short-term trading range.
$73,200: 200-day moving average.
$72,000: Potential downside target if support breaks.
Bitcoin is currently trading below its 50-day moving average, indicating that sellers remain in control of the short-term trend.
🔍 My Market Outlook
I believe Bitcoin is entering an important decision zone.
If BTC manages to hold the $75,000–$77,000 range, an oversold-market recovery could develop. However, a clear break below $75,000 may expose the $73,200 support area.
The neutral funding rates suggest that some speculative pressure has cooled, but this alone does not confirm a market bottom.
My view: Traders should watch Bitcoin's reaction around $75,000 and wait for stronger confirmation before taking aggressive positions.
The next CPI report and movements in US technology stocks could play a major role in determining Bitcoin's direction.
What do you think?
Will Bitcoin recover toward $82,000, or could we see another drop toward $72,000?
Share your thoughts below!
This article is for informational purposes only, not financial advice. Always do your own research (DYOR).