Historical market snapshot. Original publication: November 10, 2026, at 03:06:03 UTC+08:00 (November 9 at 19:06:03 UTC). Prices and indicators below reflect the source’s reporting window, not live readings.
Price recovery followed a leveraged sell-off
Bitcoin was up 0.7% at $74,559 in Decrypt’s November 9 report, after touching its lowest level in more than two months. The return toward $75,000 brought it back to prices last seen in early August, when Bitcoin posted a 25% gain in a single month. This time, it approached that level following a decline.
A CoinGlass snapshot showed $1.2 billion in crypto derivatives liquidations over 24 hours, including about $1.04 billion in long positions—bets on rising prices. Bitcoin positions accounted for $324 million, nearly 87% of which came from longs. Liquidations occur when traders’ posted collateral can no longer cover their losses.
Those figures documented forced position closures during the sell-off; they did not establish whether the subsequent recovery would persist.
Equities rebounded ahead of inflation data
By 11:30 a.m. Eastern on Monday, November 9, the S&P 500 was up 1.9% and the Nasdaq Composite had gained 2.2%. Brent crude fell 4.3% to about $94 a barrel, which the report described as supporting the broader market, even as Nvidia shares declined and unsettled technology investors.
The Bureau of Labor Statistics was scheduled to release October consumer price index data the following day, November 10. The household goods-and-services inflation report followed stronger-than-expected jobs data. According to the source, traders were pricing in roughly an 80% chance of a quarter-point Federal Reserve rate increase in December.
Weekly indicators showed a weakening, but not reversed, trend
The source’s separate weekly-chart snapshot placed Bitcoin at $74,685 after an early dip to $73,667. The weekly candle was still open. Before that retreat, Bitcoin had rallied from roughly $57,700 to $87,350.
- Moving averages: The 50-week exponential moving average stood near $78,250, above the 200-week EMA at about $69,790. That ordering still favored the longer-term uptrend, but Bitcoin was below the faster average. The narrowing gap increased the possibility of a future death cross; no such crossover was reported.
- Relative Strength Index: Weekly RSI was 47.8 on its zero-to-100 scale. It was near the midpoint with a slight tilt toward sellers, rather than near the commonly used oversold threshold of 30.
- Average Directional Index: ADX was 21.9, below the commonly used 25 threshold for a strong trend. Its accompanying directional indicators nevertheless gave buyers a slight edge.
Together, these readings presented mixed conditions: the longer-term moving-average structure remained positive, while price was below the faster average, momentum leaned slightly toward sellers, and measured trend strength was limited.
Chart levels remained conditional
The source identified $74,400 as the first potential support area. Bitcoin had already traded through it intraweek, making the unfinished weekly close important to that assessment. A weekly close below it would put $72,550 in view, followed by the $69,000 area near 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 bring $80,360 into view, with the prior rebound high near $87,350 beyond it. These were conditional chart reference points, not confirmed outcomes.
Original article: Decrypt — “Bitcoin in Limbo as Stocks Rebound Ahead of US Inflation Report”