In the morning, everyone was crying. Bitcoin was below $74,000, Ethereum below $2,100, and more than $1 billion in liquidations in 24 hours.
And by evening? The market turned things around.
*What happened in the last 6 hours?*
1. *Bitcoin bounced from $73,500 to $74,940* and touched $75,000 after Wall Street opened. And this despite losing for 5 straight weeks—the longest losing streak in months.
2. *The Nasdaq jumped +2.6%* in the first hour of trading, completely shrugging off the Nvidia scandal. Nvidia itself fell to $170, then rebounded to $179. The U.S. market said: “The fear was overblown.”
3. *Liquidations are still elevated: $1.2 billion* in 24 hours as of 5 p.m. GMT. $913 million of that came from long positions. In other words, those using high leverage paid the price, not spot buyers.
*But don't be fooled by the rebound. Here's the truth no one is telling you:*
The current bounce is a *technical rebound within a downtrend*, not a confirmed reversal. Why?
- Bitcoin is still below the 50-week average at $75,492 and just slightly above the 21-week average at $73,078. We're in a very tight range.
- *$1.28 billion* flowed out of ETFs last week, and that hasn't changed in six hours.
- Top analysts like Keith Alan of Material Indicators warn that the next target could be the *200-week average at $67,755* if we break below $73,078.
And there are 3 major stories that broke today that no one noticed:
*1. Binance France is shutting down*
Binance announced that accounts in France, Spain, Italy, and Poland will be permanently closed on *December 31, 2026*, and that it will start charging a monthly fee of 0.025% on remaining balances from November 29. This follows its failure to obtain a European MiCA license. This isn't a minor story; it's reshaping the crypto map in Europe.
*2. U.S. Senate investigation*
Senator Blumenthal gave Binance, Tether, and two companies linked to Trump until *January 4, 2027* to hand over records for an investigation into illicit flows. This adds to the political pressure following the Democrats' midterm election victory.
*3. Tomorrow is the big day: CPI*
Tomorrow, Tuesday, November 10, at 13:30 GMT, the U.S. inflation report will be released. If it comes in higher than expected, expectations of a December rate hike will rise, and Bitcoin could easily break below $73,500. If it comes in lower, we could see a quick return to $77,430.
*Bottom line for beginners and pros:*
- *If you're using leverage:* The market is deadly right now. $1 billion in liquidations in one day should be enough to make that clear.
- *If you're a long-term investor:* Historically, a Fear Index reading of 29 has been an accumulation zone, but accumulation should happen in stages—not all-in on a single candle.
- *If you're like me and looking for opportunities:* Don't buy the bounce; buy the confirmation. Confirmation means a daily close above $75,492.
*My question for you—and I want an honest answer in the comments:*
Did you sell during the dip out of fear? Or did you buy the bottom? Or, like me, did you just watch and do nothing?
I'll pin the best comment and follow its author.
_Not financial advice. Figures are from CoinDesk, Cointelegraph, and CoinGlass, dated November 9, 2026. Prices change rapidly._
*#BTC #ETH #Bitcoin #Crypto #Binance #BinancePick #FearAndGreed*