1Price and market
- As of 8:30 AM ET Monday, Bitcoin traded at $74,772: down 1.7% over 24 hours, 2.7% over 7 days and 9.9% over 30 days.Binance
- 24-hour range: $73,510–76,095. The overnight low just before the weekly close was the lowest since Aug 21; during the European session price held a tight $74,000–74,800 band.Binance
- Binance BTC/USDT spot volume over 24 hours: 16,521 BTC (about $1.23B), triple Sunday's — real selling on the drop.Binance
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- The Nov 2–8 week closed below the 50-week average for the first time in eight weeks: Bitcoin reclaimed it on Sep 20 and held above it for seven straight weeks.The Block
- Bitcoin's market cap is $1.50 trillion, the total crypto market $2.49 trillion; BTC dominance 60.2%, ETH 10.4%.CoinGecko
- Price is 40.8% below the $126,080 record (Oct 6, 2025); Bitcoin is down 26.9% year over year.CoinGecko
- Altcoins fell harder: Ether about $2,117 (−5.2% in 24 hours), XRP $1.09 (−5.6%), Solana $86.4 (−3.1%), Hyperliquid $73.1 (−5.6%); only five of the top 100 coins gained 1% or more.CoinDesk
- Ether closed Sunday below its 200-day average for the first time since Aug 18; AVAX (+5% on a report that NYSE will settle tokenized stock trades on Avalanche) and ARB bucked the trend.CoinDesk
2Technical analysis
- Daily RSI(14) is 35.4: weak, not far from oversold (30).Binance
- MACD −1,704 below the −1,331 signal line, histogram −374: downside momentum picked up again after the weekend drop.Binance
- Price is below the EMA20 ($78,160), EMA50 ($79,297) and EMA200 ($76,816): all three now act as resistance.Binance
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- The 50-week average sits at $75,220–75,490 depending on the calculation; the week closed about 0.7% below it. Galaxy notes the bullish case holds if it is reclaimed within a month.The Block
- The 200-day simple average is $73,150–73,224 and the Mayer Multiple 1.02 (49th historical percentile): the overnight low stopped $300–400 above it, making it the key support today.Investinglive
- Nearest support: $73,500 (overnight low) and $73,000–73,200 (200-day and the Aug 21 low), then $72,500; resistance: $75,500 (50-week), $76,100 (Sunday's high) and $76,800 (EMA200).Binance
- The 200-week average is $67,760, with price 10.3% above it; Pi Cycle reads 0.50, far from overheating.CoinLab
- Fractals: the two-week stretch (−6.0%) matches 6 historical episodes, and all 6 were followed by gains (median +5.6%); the 50-day window — 4 of 6 up (median +2.6%), the six-month window — 5 of 6. Statistics, not a promise.CoinLab
- Polymarket's median for noon ET Nov 10 is $74,755 with an interquartile range of $73,248–75,976 and 50.5% odds of an up day — bettors see no big move before CPI, matching our sideways base case.Polymarket
3Derivatives
- Crypto liquidations over 24 hours topped $1.15B, including $1.04B of longs and $117M of shorts; 167,764 traders were hit, and the largest single liquidation was a $48.2M ETH long on Binance.The Block
- About $305–309M of Bitcoin positions and roughly $500M of Ether positions were liquidated: altcoins took the brunt.CoinDesk
- Binance BTC futures open interest is 96,575 BTC ($7.22B): −0.9% in 24 hours and −3.4% on the week; market-wide crypto futures OI fell 3% to $127B as volume jumped 200% to $180B.CoinDesk
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- Funding on Binance and Hyperliquid is 0.01% per 8 hours (11% annualized), Bybit 0.007%, OKX 0.006%: Bitcoin longs still pay shorts, while Ether funding has turned negative.Binance
- Binance long/short account ratio is 2.81 (73.7% long), top traders 2.00; taker buy/sell ratio 0.97: retail remains heavily long.Binance
- Futures trade almost flat to spot: mark $74,750 vs index $74,774; the Coinbase premium over Binance is near zero — US buyers did not step in on the dip.Coinbase
- CoinLab's squeeze index reads −2: a mild tilt toward a long flush — positive funding, retail long, and long liquidations 11 times larger than shorts.CoinLab
4Options
- Tomorrow, Nov 10, at 08:00 UTC (3 AM ET), 2,039 BTC of options expire on Deribit with max pain at $75,000 — right at the price.Deribit
- Next big expiry: Friday, Nov 13 — 34,351 BTC, max pain $77,000, put/call 0.69.Deribit
- The Nov 27 monthly expiry holds 75,480 BTC with max pain at $79,000; the Dec 25 expiry — 140,729 BTC with max pain at $75,000.Deribit
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- The DVOL volatility index is 40.6 (40.3 a week ago): options price a daily move of about ±2.1%, or ±$1,590.Deribit
- One-week BTC implied volatility rose to about 43% from 33% on Thursday, and the one-week put premium over calls jumped to 13% from 2%: traders are paying up for downside protection ahead of CPI.CoinDesk
- Four of the six most active Bitcoin options are puts struck at $70,000–72,000.CoinDesk
- Put/call across all open interest is 0.72; total open interest is 340,096 BTC ($25.4B).Deribit
5ETFs and institutions
- Strategy bought 1,036 BTC for $81.9M at an average $79,012 over Nov 2–8; it now holds 850,364 BTC at an average $75,456 — the price at publication was 0.9% below its cost basis.The Block
- Strategy raised $283.8M by selling common stock but spent most of it ($188.3M) buying back its 12% STRC preferred shares rather than Bitcoin; MSTR is down 2.75% premarket.CoinDesk
- Strive added 29 BTC (43,153 BTC total); its shares are down 3.45% premarket.CoinDesk
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- Spot BTC ETFs lost $1.28B in the Nov 2–6 week — the most since late June, with outflows on four of five days; year-to-date net flows turned negative (−$914M). Monday's flows come out tonight.The Block
- On Nov 6 the funds lost $411.9M, including $403M from IBIT; only FBTC took in money (+$42.8M).Tftc
- Ether ETFs lost $365M last week — a sixth straight week of outflows.Startupfortune
- 181 public companies hold 1.30M BTC (6.2% of supply) worth about $97B; after Strategy, the largest are Metaplanet (44,000 BTC), Twenty One (43,514) and Strive.CoinGecko
- MARA, BitGo, Exodus, HIVE and Trump Media report after the close today; CoreWeave, Bitdeer and eToro report Tuesday.CoinDesk
6Sentiment and on-chain
- The Fear & Greed Index is 29 (Fear): 28 a day ago, 37 a week ago, 64 a month ago; the one-year average is 31.alternative.me
- CoinLab's market temperature is 28/100: across eight cycle metrics the market is in a cold zone where buying has historically beaten selling.CoinLab
- MVRV is 1.42 (as of Nov 2), 33rd historical percentile: holders are on average about 42% in profit.Coinmetrics
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- Short-term holder cost basis is about $75,725 (as of Nov 2): price is below it, so recent buyers are underwater on average — which usually adds selling into rallies.Bgeometrics
- Galaxy points out that in the 2011–2012 and 2019–2020 bear markets Bitcoin also lost the 50-week average after first reclaiming it, yet the prior low held on weekly closes; the current cycle low is $59,517 (Jun 28).The Block
- More coins are moving to exchanges at a loss: such transfers rose from 2,559 to 32,695 BTC; exchange reserves are about 2.59M BTC (late last week).Coincentral
- Long-term holders cut balances by 248,000 BTC (about $17.4B) in Q3 — nearly three times ETF buying over the same period.21shares
- Stablecoin supply is $294.8B: −1.6% on the week and −4.2% (−$12.9B) over 30 days — no fresh money is entering crypto.Defillama
7Mining
- Hashrate is about 966 EH/s; difficulty is 148.4T.mempool.space
- Next difficulty adjustment around Nov 13 (565 blocks away, epoch 72% done), estimated at −6.3% as miners switch off after the price drop; the previous adjustment was +5.5%.mempool.space
- Hashprice was $32.86 per PH/s per day on Nov 2 (−8.7% on the week), below its 30-day average of $37.49; after the weekend drop miner revenue is even lower.Hashrateindex
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- Fees are at the floor: 3 sat/vB for fast confirmation and 1 sat/vB within an hour — the network is nearly empty.mempool.space
- Block height is 975,179, with 74,821 blocks to the halving (expected around April 2028).mempool.space
- AI-pivoted miners (IREN, Cipher) are down about 2% premarket, giving back part of Friday's gains; MARA reports after the close today.CoinDesk
8Macro
- No US data came out at 8:30 AM ET this Monday; the week's main event is October CPI on Tuesday, Nov 10, at 8:30 AM ET — consensus +0.2% month over month after +0.6% in September.CoinDesk
- US index futures are higher ahead of the open: Dow +559 points, S&P 500 +68, Nasdaq 100 +226 — helped by falling oil and a weaker dollar.Investinglive
- Nvidia is down 4–5% premarket: its board opened an independent investigation after Jensen Huang admitted a relationship with a woman US intelligence suspects of passing information to Beijing; the company says no secrets were compromised.CoinDesk
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- The European session brought no major data or news: Sentix investor confidence slipped to 2.4 for the eurozone and 13.1 for the US, where expectations turned negative for the first time since June.Investinglive
- WTI crude fell about 3% to $87.5–88.5 on reports Trump asked Iraq's prime minister to carry proposals to Iran; Brent was near $97 earlier in the morning.Investinglive
- Gold rose 1.1–1.6% to $4,110–4,140; the dollar index (DXY) is at 101.8 (−0.5% on the day).Yahoo Finance
- The 2-year Treasury yield is 4.55% (+2.5 bp), the 10-year 4.87% (+1.3 bp): rates are holding near their highs.Investinglive
- On Friday the S&P 500 closed at 7,377 (+0.3%) and the Nasdaq at 24,579 (+1.1%); last week they lost 2.7% and 3.4%. The VIX is 23.5 (−8.5% on the day).Yahoo Finance
- The fed funds rate is 3.75–4.00% after the Sep 16 hike; the next meeting is Dec 8–9. Polymarket puts a December hike at 76.5%, futures at about 80%.Polymarket
- Fed speakers today: Michelle Bowman at 8:40 AM ET, Austan Goolsbee at 10:00 AM and Thomas Barkin at 12:15 PM ET; the New York Fed's Survey of Consumer Expectations is out at 11:00 AM ET.Investinglive
9Regulation and events
- Trump meets Qatar's prime minister, a mediator with Iran, today: on the table is Tehran's proposal to reopen the Strait of Hormuz in exchange for releasing frozen funds; Vance backs the deal, Bessent and Hegseth oppose it.CoinDesk
- Iran's foreign ministry called its two-day proposal "the most reasonable option" on the table and confirmed a recent IAEA visit to the Bushehr nuclear plant.Investinglive
- The SEC sent the White House a draft rule for crypto broker-dealers covering capital and custody of client assets; the text has not been published.Crypto Briefing
5 more facts
- After the CLARITY Act failed in the Senate, the SEC and CFTC signed a memorandum of understanding on Nov 3 and are writing crypto rules without new legislation.Mondovisione
- From Nov 12 the European Banking Authority takes over supervision of the USDC issuer's own funds, reserves and liquidity.CoinDesk
- The Binance hack (since Oct 29) totals about $6.3–6.4B; Chainalysis attributes it to North Korea's TraderTraitor group, and about $2.8B had been frozen by Nov 3.Chainalysis
- Polymarket for November: touching $80,000 — 45.5%, a drop to $72,500 — 70.5%, to $70,000 — 50.5%.Polymarket
- This week: CPI on Tuesday, Veterans Day on Wednesday (bond market closed, stocks open), jobless claims on Thursday, PPI, eurozone GDP and the Deribit expiry on Friday.CoinDesk