📉 Bitcoin Drops to $73,700 as $723 Million in Crypto Liquidations Hit Market
🔴 Why Is Bitcoin Falling?
📉 Bitcoin fell nearly 2% to $73,700, briefly dropping below $73,000.
🇺🇸 US October inflation rose 0.4%, exceeding the 0.3% forecast.
⚠️ Higher inflation increased fears of prolonged high interest rates, putting pressure on cryptocurrencies.
💥 $723 Million Liquidated
🔥 Around 115,600 crypto traders were liquidated within 24 hours.
💰 Total liquidations reached $723.37 million.
📉 Nearly $570 million came from bullish long positions.
₿ Bitcoin alone recorded $203 million in liquidations.
🐋 Whales & ETFs Increase Selling Pressure
🚨 Bitcoin whales reportedly reduced holdings by over 34,000 BTC, worth approximately $2.6 billion.
🏦 Bitcoin ETFs recorded $1.28 billion in outflows during November's first trading week.
⚠️ Weak institutional demand is adding pressure to Bitcoin's recovery.
📊 Bitcoin Key Technical Levels
🛡️ Support: $72,700 – $73,200
🔴 Breakdown targets: $72,000 and $70,000
🚀 Resistance: $74,300 – $75,000
🎯 Next recovery target: $78,000
📉 RSI at 33.95 indicates weak momentum and approaches oversold territory.
🔮 What's Next?
Bitcoin remains under pressure from inflation fears, whale selling and ETF outflows. A break below $72,700 could trigger further losses, while reclaiming $75,000 may strengthen recovery hopes.
⚠️ Traders should watch key support and resistance levels before entering new positions.
🔥 #BitcoinPricePrediction2026 #BTCMarketAnalysis #CryptoMarketUpdate
$BTC
🔴 Why Is Bitcoin Falling?
📉 Bitcoin fell nearly 2% to $73,700, briefly dropping below $73,000.
🇺🇸 US October inflation rose 0.4%, exceeding the 0.3% forecast.
⚠️ Higher inflation increased fears of prolonged high interest rates, putting pressure on cryptocurrencies.
💥 $723 Million Liquidated
🔥 Around 115,600 crypto traders were liquidated within 24 hours.
💰 Total liquidations reached $723.37 million.
📉 Nearly $570 million came from bullish long positions.
₿ Bitcoin alone recorded $203 million in liquidations.
🐋 Whales & ETFs Increase Selling Pressure
🚨 Bitcoin whales reportedly reduced holdings by over 34,000 BTC, worth approximately $2.6 billion.
🏦 Bitcoin ETFs recorded $1.28 billion in outflows during November's first trading week.
⚠️ Weak institutional demand is adding pressure to Bitcoin's recovery.
📊 Bitcoin Key Technical Levels
🛡️ Support: $72,700 – $73,200
🔴 Breakdown targets: $72,000 and $70,000
🚀 Resistance: $74,300 – $75,000
🎯 Next recovery target: $78,000
📉 RSI at 33.95 indicates weak momentum and approaches oversold territory.
🔮 What's Next?
Bitcoin remains under pressure from inflation fears, whale selling and ETF outflows. A break below $72,700 could trigger further losses, while reclaiming $75,000 may strengthen recovery hopes.
⚠️ Traders should watch key support and resistance levels before entering new positions.
🔥 #BitcoinPricePrediction2026 #BTCMarketAnalysis #CryptoMarketUpdate
$BTC
