Crypto Report | November 10, 2026 Bitcoin slipped below the $75,000 support level and tested the $73,000–$74,000 range after U.S. inflation data came in hotter than expected. The U.S. Consumer Price Index (CPI) rose 0.4% month over month in October, exceeding expectations of 0.3%. Core CPI also came in at 0.3%, above the 0.2% expected. Following the data, expectations that the Fed will raise interest rates at its December meeting strengthened, U.S. Treasury yields rose, and selling pressure on risk assets increased. 👇 Top headlines: ▪️ Bitcoin fell below $75,000 after the hotter-than-expected CPI data. $BTC dropped to around $73,600, while Nasdaq 100 futures fell more than 1%. ▪️ The U.S. 10-year Treasury yield rose to around 4.93%, while the 2-year yield climbed to 4.69%. Markets are pricing in at least a 25-basis-point rate hike in December as the base case, while the possibility of a 50-basis-point hike also came into limited consideration after the stronger inflation data. ▪️ Brent crude fell for a second consecutive day, dropping below $90. Expectations that U.S.-Iran tensions will not escalate again, along with a global supply surplus of around 1.4 million barrels per day, are weighing on prices. Lower energy prices are positive for inflation over the medium term, but could not offset the impact of today's hotter-than-expected CPI data. ▪️ Large investors' net short positions in Bitcoin derivatives have reached one of their highest levels since October 2025. On Hyperliquid, large accounts are estimated to hold around $892–924M in short positions and around $454–483M in long positions. The concentration of short positions signals bearish expectations, but also increases the risk of a powerful short squeeze if prices turn upward. U.S. stock markets also came under selling pressure following the inflation data. The S&P 500 fell around 0.5% at the open, while the Nasdaq dropped around 0.8%.