Bitcoin just took the hottest inflation print in months — and barely moved. That is the story.
October CPI came in at +0.4% against +0.3% expected, and traders now price a roughly 90% chance of a December Fed rate hike. Yet $BTC is holding near $73,600, down less than 1% in 24 hours, after dipping to $72,700 on Tuesday — its lowest since August. $ETH is near $2,055, down about 3%.
Here is what changed: the ETF selling is slowing. U.S. spot Bitcoin ETFs lost just $95 million on Tuesday, down from $201 million on Monday, $412 million on Friday and $430 million on Thursday. Four straight days of outflows, but the pace is fading fast. The Fear & Greed Index sits at 29 (Fear), and $591.9 million of leveraged positions were wiped out in 24 hours — 76% of them longs. That is a flush, not a panic.
My take: this is what a bottoming process looks like, not a collapse. Hot CPI, a Fed governor openly backing a hike, and $BTC still clinging to its 200-day moving average near $73,200. Sellers had every excuse to break it — and could not, yet. The risk is real though: lose $73,200 and the door opens to $70,000.
And while the big coins bled, the crowd looked elsewhere: Dogecoin is the most-searched coin on CoinGecko today, ahead of Avalanche and Zcash, and $DOGE is holding near $0.068, down only about 1.5% while the market fell harder. When traders go hunting in a red market, attention is the first thing that moves.
Levels to watch: support at $73,200 (the 200-day average), then $72,700 and $70,000. Resistance at $74,500, then $76,400 — the 365-day average that must be reclaimed to restore a bullish structure.
Do you think the ETF selling has peaked — or is this just a pause before the next leg down?
Source: CoinDesk, 11 Nov 2026; CoinGecko
Follow for daily crypto updates.
#Bitcoin #Crypto #DOGE
Not financial advice.
October CPI came in at +0.4% against +0.3% expected, and traders now price a roughly 90% chance of a December Fed rate hike. Yet $BTC is holding near $73,600, down less than 1% in 24 hours, after dipping to $72,700 on Tuesday — its lowest since August. $ETH is near $2,055, down about 3%.
Here is what changed: the ETF selling is slowing. U.S. spot Bitcoin ETFs lost just $95 million on Tuesday, down from $201 million on Monday, $412 million on Friday and $430 million on Thursday. Four straight days of outflows, but the pace is fading fast. The Fear & Greed Index sits at 29 (Fear), and $591.9 million of leveraged positions were wiped out in 24 hours — 76% of them longs. That is a flush, not a panic.
My take: this is what a bottoming process looks like, not a collapse. Hot CPI, a Fed governor openly backing a hike, and $BTC still clinging to its 200-day moving average near $73,200. Sellers had every excuse to break it — and could not, yet. The risk is real though: lose $73,200 and the door opens to $70,000.
And while the big coins bled, the crowd looked elsewhere: Dogecoin is the most-searched coin on CoinGecko today, ahead of Avalanche and Zcash, and $DOGE is holding near $0.068, down only about 1.5% while the market fell harder. When traders go hunting in a red market, attention is the first thing that moves.
Levels to watch: support at $73,200 (the 200-day average), then $72,700 and $70,000. Resistance at $74,500, then $76,400 — the 365-day average that must be reclaimed to restore a bullish structure.
Do you think the ETF selling has peaked — or is this just a pause before the next leg down?
Source: CoinDesk, 11 Nov 2026; CoinGecko
Follow for daily crypto updates.
#Bitcoin #Crypto #DOGE
Not financial advice.
