$BTC BTC is currently around $73,000–$74,000, after briefly falling below the $74,000 level today. The immediate trigger was Federal Reserve Governor Waller’s explicit support for a 25-basis-point rate hike in December. After his remarks, the probability of a December rate hike shown by CME FedWatch surged from 76.3% to 96.3%. Expectations of tighter liquidity intensified, weighing on Bitcoin and U.S. stock index futures alike.
Technically, BTC has fallen below the 200-day exponential moving average ($76,469) and is now locked in a battle between bulls and bears around the 200-day simple moving average (about $73,188). The weekly candle closed below the 50-week moving average (about $75,500), ending a seven-week streak above that level.
There is little support from fund flows: spot Bitcoin ETFs have seen net outflows of about $1.28 billion so far in November, their largest weekly outflow since June. Glassnode data shows that after seven consecutive months of net long positions, whales have turned net short, with current short exposure at its highest level since October 2025. Smaller holders are also exiting, with the number of non-empty wallets down by more than 100,000 since October 16. Level | Type $74,888 Near-term liquidity zone, with about $3 million in liquidations concentrated here over 24 hours $73,188
200-day simple moving average, the key battleground for bulls and bears today $72,500–$73,500 Cluster of multiple technical indicators (200-day SMA + trend support band), a dividing line for the medium-term trend
Technically, BTC has fallen below the 200-day exponential moving average ($76,469) and is now locked in a battle between bulls and bears around the 200-day simple moving average (about $73,188). The weekly candle closed below the 50-week moving average (about $75,500), ending a seven-week streak above that level.
There is little support from fund flows: spot Bitcoin ETFs have seen net outflows of about $1.28 billion so far in November, their largest weekly outflow since June. Glassnode data shows that after seven consecutive months of net long positions, whales have turned net short, with current short exposure at its highest level since October 2025. Smaller holders are also exiting, with the number of non-empty wallets down by more than 100,000 since October 16. Level | Type $74,888 Near-term liquidity zone, with about $3 million in liquidations concentrated here over 24 hours $73,188
200-day simple moving average, the key battleground for bulls and bears today $72,500–$73,500 Cluster of multiple technical indicators (200-day SMA + trend support band), a dividing line for the medium-term trend
