Bitcoin price has fallen nearly 2% to $73,700 over the past 24 hours after hotter-than-expected US inflation data added pressure to an already struggling cryptocurrency market, triggering hundreds of millions in leveraged liquidations.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n According to the Bureau of Labor Statistics<\/a>, consumer prices rose 0.4% in October, exceeding economists\u2019 expectations of 0.3%. Although the reading slowed from September\u2019s 0.6% increase, it raised concerns that the Federal Reserve could maintain higher interest rates or raise them again in December.<\/p>\n Bitcoin briefly slipped below $73,000 following the report, while Ethereum, XRP and Solana recorded losses as selling spread across major cryptocurrencies.<\/p>\n <\/p>\n The latest inflation figures have added uncertainty over the Federal Reserve\u2019s next interest rate decision, with investors reassessing expectations for borrowing costs following Tuesday\u2019s report.<\/p>\n Core CPI, which excludes food and energy, rose 0.3% in October, above forecasts of 0.2%. The figure matched September\u2019s reading and marked the third consecutive month of 0.3% growth.<\/p>\n Shelter costs rose 0.3%, accounting for more than 30% of the monthly increase in consumer prices. Food prices climbed 0.5%, while energy costs rose 0.7%, following a 5.2% increase in September.<\/p>\n The government did not release the usual annual inflation comparisons because the 2025 federal shutdown prevented the collection of October data that year.<\/p>\n Following the inflation report, US stocks declined, with the S&P 500 falling 0.94% and the Nasdaq Composite losing 1.51%. The Dow Jones Industrial Average dropped 0.61%, while the 10-year Treasury yield moved above 5% during the reported market session.<\/p>\n Bitcoin price had already been struggling to recover above $75,000 before the inflation figures were released. As crypto.news previously reported<\/a>, continued withdrawals from spot Bitcoin ETFs and weak buying demand had kept the cryptocurrency under pressure ahead of the CPI announcement.<\/p>\n The decline triggered another round of forced liquidations across cryptocurrency derivatives markets, where traders use borrowed funds to increase their positions.<\/p>\n According to CoinGlass data<\/a>, nearly 115,600 traders were liquidated over the reported 24-hour period, with total liquidations reaching $723 million.<\/p>\n Long positions accounted for roughly $570 million, showing that traders betting on higher cryptocurrency prices suffered most of the losses.<\/p>\n Bitcoin alone recorded $203 million in liquidations, including $175 million from long positions and $28 million from shorts.<\/p>\n Meanwhile, cryptocurrency analyst Ali Martinez reported that large Bitcoin holders had reduced their balances by more than 34,000 BTC over the preceding week, worth almost $2.6 billion.<\/p>\n 2\/5 Bitcoin whales are selling into the downturn.<\/p>\n As $BTC<\/a> fell from $79,000 to below $73,000 over the past week, large holders reduced their holdings by more than 34,000 BTC, roughly $2.6 billion. pic.twitter.com\/rHd9neVZP1<\/a><\/p>\n \u2014 Ali Charts (@alicharts) November 10, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n The selling coincided with Bitcoin\u2019s decline from around $79,000 to below $73,000. Martinez identified a similar pattern among Ethereum whales, which reportedly reduced their holdings by approximately 17,800 ETH.<\/p>\n His figures describe changes in large-holder balances and do not establish how much Bitcoin was sold directly on exchanges.<\/p>\n Selling pressure has continued across US spot Bitcoin ETFs, with institutional investment products recording withdrawals throughout early November.<\/p>\n Farside Investors recorded<\/a> $201 million in net outflows on November 9, including $213.2 million withdrawn from BlackRock\u2019s iShares Bitcoin Trust.<\/p>\n Morgan Stanley\u2019s MSBT received $22.1 million that session, partially offsetting losses elsewhere.<\/p>\n During November\u2019s first trading week, Bitcoin ETFs recorded approximately $1.28 billion in net withdrawals, with BlackRock\u2019s fund accounting for about $1.21 billion.<\/p>\n\n
Why is Bitcoin price down today?<\/strong><\/h2>\n
Bitcoin liquidations reach $723 million as whales reduce holdings<\/strong><\/h2>\n
![\"Source:](\"https:\/\/media.crypto.news\/2026\/11\/image-64-1024x485.webp\")
\n
Bitcoin ETF outflows add pressure as institutional demand weakens<\/strong><\/h2>\n
![\"Why](\"https:\/\/media.crypto.news\/2026\/11\/image-63-1024x627.webp\")