Bitcoin Drops Below $75,000 Amid ETF Fund Outflows

Bitcoin (BTC) fell below $75,000 on November 9, 2026. According to Bloomingbit, at 06:57 UTC, the cryptocurrency was trading around $74,006.79 on Binance. The day before, the analytical publication CoinGape considered $75,000 as a key support level, the breach of which could open the way to $70,000.

On November 8, the bitcoin rate was about $75,982, having gained 0.4% over the day. However, over the week, the cryptocurrency lost 2.6%, and over the month – approximately 8%. The total market capitalization of cryptocurrencies was estimated at $2.64 trillion, having decreased by 0.15% over the day. Ether (ETH) was trading around $2,239.21, and XRP around $1.16.

The Fear and Greed Index was at 28 out of 100, indicating a predominance of cautious sentiment among market participants.

Outflow from Bitcoin ETFs Exceeded $1.28 Billion Over the Week

According to SoSoValue, from November 2 to 6, U.S. spot exchange-traded funds (ETFs) on bitcoin recorded a net outflow of about $1.28 billion. On November 6 alone, investors withdrew approximately $412 million from them.

The largest outflow during the last session was from the iShares Bitcoin Trust (IBIT) managed by BlackRock – $403 million. Meanwhile, the Fidelity Wise Origin Bitcoin Fund (FBTC) received a net inflow of $42.82 million.

Ether funds also ended November 6 with a negative result: the net outflow amounted to $93.19 million. The exception was the iShares Staked Ethereum Trust ETF (ETHB) from BlackRock, which attracted $1.15 million.

Trading Activity Declined Despite the Growth of Open Interest

According to data from the analytical platform CoinGlass, the trading volume of bitcoin derivatives decreased by 40.04% to $16.52 billion. At the same time, open interest – the total value of open contracts – increased by 0.51% to $51.60 billion.

During the considered 24 hours, 55,384 traders were forcibly liquidated on the cryptocurrency market for a total of $62.03 million. The largest single liquidation amounted to $439,470 on the ZEC-USD contract on the Hyperliquid platform.

What Levels Define Bitcoin's Forecast

In CoinGape's analysis on November 8, the Relative Strength Index (RSI) was at 40 with a smoothed value of 39.95. The indicator remained below the neutral mark of 50, despite signs of weakening downward movement.

The Moving Average Convergence Divergence (MACD) indicator also pointed to some improvement in short-term dynamics. Its main line was −517.94 against −570 for the signal line, and the histogram moved into the positive area to 52.47.

According to CoinGape, consolidation above $76,000 on the four-hour chart could open the way to resistance at $78,000. Overcoming this level was considered a condition for a possible rise to $80,000, or approximately 5.26% relative to $76,000.

An alternative scenario envisaged a decline to $75,000 and, if this mark was breached, further movement to $70,000.

As of November 9, the first part of the negative scenario had already materialized: bitcoin fell below $75,000. However, further decline to $70,000 remains CoinGape's forecast, not a confirmed trading result.