Bitcoin price slips below $74,000 after $1.28 billion of ETF outflows

The bitcoin price fell below $74,000 on Monday morning. At 09:10 CET it stood at $73,818 by CoinGecko data, 2.3% below Friday morning and 2.7% lower over 24 hours. Bitcoin is now 41% below its all-time high of $126,080, set in October 2025.

The weekend itself was quiet. From Friday to Sunday evening bitcoin held between about $75,500 and $76,100. The drop came overnight into Monday: between 21:00 on Sunday and 09:00 on Monday bitcoin lost about $2,000.

The slide started on Thursday

The slide started earlier, on Thursday 5 November. Bitcoin traded above $80,000 that morning and fell 6% after the US midterm elections, when chip stocks lost $2 trillion. The Nasdaq Composite fell 5.5% that day.

“The midterms appear to have triggered this sell-off,” Carlos Guzman, vice president of research at GSR, said at the time. Vetle Lunde, head of research at K33, told Bloomberg that bitcoin made a “huge correlated move” with the Nasdaq.

ETF outflows of $1.28 billion

US spot bitcoin ETFs lost about $1.28 billion between 2 and 6 November, Farside Investors data show, as crypto.news reported. The week went like this:

• Monday to Wednesday: outflows on Monday and Tuesday, then a $74.6 million inflow on Wednesday;
• Thursday: $430.2 million out;
• Friday: $411.9 million out, of which BlackRock’s IBIT lost $403 million and Fidelity’s FBTC took in $42.8 million.
• Over the week IBIT alone lost about $1.21 billion.

Outflows had already reached $643 million on 30 October, the day after the Binance hack.

Liquidations above $1 billion

Leveraged traders took the heaviest losses. More than $1 billion of crypto positions were liquidated over 24 hours, by CoinGlass data, and about $931 million of that came from longs betting on a rise. Ether accounted for about $455 million of the liquidations and bitcoin for about $278 million.

Ether fell 6.5% over the day to $2,091, and XRP lost 6.7% to $1.085. The Crypto Fear & Greed Index stood at 29, in the fear zone.

Where the market is heading

Analysts watch two levels close to the current price. Resistance sits near $75,600, and the recent low near $73,700 is the support traders are testing now. A daily RSI near 35 shows weak buying, but the market is not oversold yet.

Ali Martinez, a crypto analyst, pointed out that bitcoin is holding its 200-day moving average. If that support breaks, More Crypto Online sees the next support zone between $71,252 and $67,868. Upside, the same analysts wrote on X: “$BTC is currently retesting the 50-week SMA from below. The next resistance above it is at $78,186.”

Jasper De Maere, an OTC trader at Wintermute, named $73,000 and $68,000 as possible downside targets after Thursday’s fall. Bitcoin would need to return above $80,000 to show short-term strength, he said, and added: “Let’s see where we land in the short term here; medium term still glass half full.”

Inflation data on Tuesday

The next test comes on Tuesday 10 November. The US Bureau of Labor Statistics publishes the October consumer price index at 14:30 CET. Last week bitcoin moved together with the Nasdaq, so traders will watch how stocks take the inflation number.

What it means for you

If you trade with leverage, Monday showed how fast a $2,000 move closes positions. Check where your liquidation price sits against the $73,000 and $68,000 levels analysts name. If you buy bitcoin without leverage, the ETF flows matter more for you: watch whether the outflows stop this week.

Based on crypto.news reports of 6 and 9 November 2026, with ETF flows from Farside Investors and liquidations from CoinGlass. Prices from CoinGecko at 09:10 CET on 9 November. This is not investment advice.