Bitcoin (BTC) dropped 2.1% on Tuesday, November 10, hitting an intraday low of $72,787 after hotter-than-expected US inflation data.

Here are the 3 real reasons for the crash:

1. HOT CPI: 0.4% vs 0.3% Expected

US CPI rose 0.4% in October vs 0.3% forecast. Core CPI was 0.3% vs 0.2% expected. This triggered a risk-off selloff across crypto.

2. Fed Hike Bets Surge

Fed Governor Waller said a 25bps hike in December is likely, and 50bps should be considered if inflation stays hot. 10-year Treasury yield jumped to 4.956% and the Dollar Index to 102.01. Bitcoin hates high yields.

3. Massive ETF Outflows + Liquidations

- US spot Bitcoin ETFs saw $201M net outflows on Monday, 3rd straight day of red. $2.13B outflows in last 7 days, led by BlackRock.

- Over $632M in crypto liquidations in 24h, with $511M in longs. $169M in BTC longs wiped out alone.

What Next?

Support: $73,000 is key. If broken, $70,000 is next.

Resistance: BTC needs to reclaim $76,000-$77,000 for a recovery.

Fear & Greed Index is at 32 (Fear).

This is not a crypto-only crash, it's a macro-driven correction. Volatility will stay high until Friday's PPI data.

#Bitcoin #BTC #CPI #Fed #CryptoNews