Bitcoin traded near $75,000 after a wave of leveraged liquidations, while U.S. stocks rebounded ahead of the October inflation report, according to Decrypt’s November 9, 2026 report. Its weekly chart pointed to $74,400 as an immediate support area, with the week’s candle still open and no confirmed breakdown at the close.
Stocks recover ahead of inflation data
By 11:30 a.m. Eastern on Monday, the S&P 500 had gained 1.9% and the Nasdaq Composite 2.2%. Brent crude fell 4.3% to about $94 a barrel, helping lift the broader market even as a decline in Nvidia shares unsettled technology investors.
The Bureau of Labor Statistics was due to release October’s consumer price index the following day. The release followed a stronger-than-expected jobs report that, according to Decrypt, had led traders to price in roughly an 80% chance of a quarter-point Federal Reserve interest rate increase in December.
Bitcoin, meanwhile, was revisiting prices last seen in early August, when it had mounted a 25% gain in a single month. This time, it approached that range on the way down.
Liquidations weigh on Bitcoin
One price snapshot in the report showed Bitcoin up 0.7% at $74,559 after touching its lowest level in more than two months.
A CoinGlass snapshot recorded $1.2 billion in crypto derivatives liquidations over 24 hours. About $1.04 billion came from long positions—bets on rising prices. Bitcoin positions accounted for $324 million, nearly 87% of which were longs. Such liquidations occur when traders’ posted collateral can no longer cover their losses.
In its chart analysis, Decrypt cited a separate Bitcoin price of $74,685 after an early dip to $73,667. That followed a rally from roughly $57,700 to $87,350 and a subsequent retreat toward $75,000.
What the weekly chart indicated
The 50-week exponential moving average stood near $78,250, above the 200-week EMA at about $69,790. Decrypt interpreted that ordering as still favoring the longer-term uptrend. However, Bitcoin was below the faster average, and the narrowing gap between the two increased the possibility of a future bearish crossover, or “death cross”—not a signal that one had already occurred.
Other indicators offered limited confirmation of a strong directional move:
- Relative Strength Index: 47.8. The reading was near the midpoint, with a slight tilt toward sellers, but remained above the conventional oversold threshold of 30.
- Average Directional Index: 21.9. This was below the commonly used strong-trend threshold of 25, although the accompanying directional indicators gave buyers a slight edge.
Conditional levels to watch
Decrypt’s downside analysis centered on $74,400. Bitcoin had already traded below that level during the week, but the report distinguished an intraweek breach from a weekly close beneath it. Such a close would bring $72,550 into view, followed by the $69,000 area around the 200-week EMA.
On a rebound, the report identified potential resistance near $76,040, followed by the 50-week EMA around $78,250. A move above that average would put $80,360 back in focus, with the previous rebound high near $87,350 beyond it.
These were conditional chart levels in the original analysis, not assured price destinations.
Original source: Decrypt — Bitcoin in Limbo as Stocks Rebound Ahead of US Inflation Report. Published November 9, 2026, at 19:06:03 UTC (November 10 at 03:06:03 UTC+8). This article preserves that historical reporting context.