Historical market snapshot — originally reported Nov. 9, 2026, at 18:03 UTC+8.
Bitcoin fell to about $73,500 late on Nov. 8, its lowest level since Aug. 21, before briefly recovering above $75,000. CoinGlass recorded approximately $1.12 billion in leveraged crypto liquidations in the 24 hours through 9:00 UTC on Nov. 9. That liquidation figure covers crypto positions broadly, not Bitcoin alone.
Price and holder-cost levels
Bitcoin traded below its 50-week simple moving average of $75,492 and approached its 21-week average of $73,078. It was also below the short-term holder cost basis, which CryptoQuant estimated at $75,691 on Nov. 9. That metric estimates the average cost basis of coins last moved less than 155 days earlier.
A CryptoQuant community analyst estimated the cost basis of coins last moved one to three months earlier at about $79,300. The analyst suggested that level could act as resistance if recent buyers sold upon breaking even. Trader Rekt Capital separately said selling volume would need to increase before sellers showed signs of exhaustion. Neither observation establishes where Bitcoin’s price will go next.
Other conditions in view
Nasdaq 100 futures swung between gains and losses on Nov. 9 after Nvidia’s board announced an independent investigation into reports that CEO Jensen Huang had been targeted by a foreign intelligence effort. The board said it had no reason to believe US national security or company secrets had been compromised; China’s foreign ministry denied the spying allegations. The futures moves and Bitcoin’s decline were contemporaneous, but the report did not establish a causal link between them.
October US consumer-price and producer-price reports were scheduled for Nov. 10 and Nov. 13, respectively, at 8:30 a.m. ET. September consumer prices had risen 3.7% from a year earlier. West Texas Intermediate crude futures traded near $90 a barrel on Nov. 9. Economist Robin Brooks argued that falling oil prices could support Bitcoin and other assets—his outlook, not an observed price effect. CME Group’s FedWatch Tool showed markets pricing a 78.8% probability of a 25-basis-point Federal Reserve rate increase in December, according to the original report.
Source: cointelegraph.com (originally published 2026-11-09 18:03 UTC+8)
