Bitcoin is holding around $75,700 this morning, barely moving in the past 24 hours . The market feels stuck. Not crashing. Not recovering. Just waiting.
Here is what beginners need to understand.
The ETF Money Is Still Leaving
This is the biggest problem right now. U.S. spot Bitcoin ETFs have seen massive outflows since late October. Over six trading days, roughly $1.9 billion left these funds . On Friday alone, another $411 million flowed out .
When institutions pull money out, price pressure follows. Bitcoin is holding because sellers are tired, not because buyers are aggressive.
The Nasdaq Selloff Spooked Everyone
Last week, the Nasdaq dropped 5.5% in a single day—its worst since April 2025 . AI and tech stocks got hammered. Bitcoin, which trades like a risk asset, got dragged down with them.
The fear spread fast. Over $1.27 billion in leveraged crypto positions were liquidated, with more than $1.1 billion being long bets . Traders who bet on higher prices got wiped out.
The Fear Is Real
The Fear & Greed Index dropped to 25 on November 7—its lowest since August 5 . Today it sits at 28, still deep in "Fear" territory .
That is not panic. But it is not confidence either.
What Beginners Should Watch
The key level is $75,000. Bitcoin has tested it multiple times and held. If it breaks, the next support is around $74,000-$74,500 .
On the upside, $76,500-$77,000 is the first resistance. A break above that could open the door to $78,000 .
The big event this week is U.S. CPI data on November 10 . A hot reading could pressure Bitcoin further. A soft reading could finally bring relief.
The Bottom Line
Do not panic. Do not chase green candles. The market is waiting for a reason to move.
Watch $75,000. Stay patient. That is all you need to do today.
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