BITCOIN REMAINS UNDER PRESSURE! BTC FALLS 2.24% — WILL THE $72,727 SUPPORT HOLD?
Bitcoin was trading around $73,580 on November 11, 2026, down about 2.24% from the previous observation.
Selling pressure appears quite strong, especially in the derivatives market. Data shows that Futures CVD recorded a negative figure of $886.37 million, while Open Interest fell 0.3693%. In addition, liquidations of Long positions reached around $87.97 million.
Interestingly, the spot market still showed net buying of $30.34 million. This indicates that accumulation is still taking place, although it is not yet strong enough to reverse the selling pressure.
Technically, the $72,727 area is an important support level. If BTC breaks below this level with confirmation from a candle close, the risk of further declines should be watched closely.
Meanwhile, a recovery above $73,819–$74,060 could be an early sign that bearish pressure is easing.
For now, BTC is still facing bearish pressure. Traders should watch price movements
Bitcoin was trading around $73,580 on November 11, 2026, down about 2.24% from the previous observation.
Selling pressure appears quite strong, especially in the derivatives market. Data shows that Futures CVD recorded a negative figure of $886.37 million, while Open Interest fell 0.3693%. In addition, liquidations of Long positions reached around $87.97 million.
Interestingly, the spot market still showed net buying of $30.34 million. This indicates that accumulation is still taking place, although it is not yet strong enough to reverse the selling pressure.
Technically, the $72,727 area is an important support level. If BTC breaks below this level with confirmation from a candle close, the risk of further declines should be watched closely.
Meanwhile, a recovery above $73,819–$74,060 could be an early sign that bearish pressure is easing.
For now, BTC is still facing bearish pressure. Traders should watch price movements
