Daily Cryptocurrency Market Report – November 10

Key Points

① Price trend: The Nvidia CEO controversy, combined with a lack of progress in U.S.–Iran negotiations, triggered more than $1 billion in leveraged liquidations over the weekend. BTC briefly fell to approximately $73,500, its lowest level since August 21, before recovering to $74,959.95 (-0.24%); ETH stood at $2,124.33 (-0.87%), SOL and XRP fell approximately 1.7%, while BNB was flat

② Fund flows: BTC spot ETFs recorded $412 million in net outflows on 11/06, marking a second consecutive day of outflows (the previous day: -$430 million). Cumulative net outflows over the past five trading days reached $1.282 billion, the largest weekly outflow since late June; ETH spot ETFs recorded $365 million in net outflows last week, marking a sixth consecutive week of outflows; no verified ETF data is currently available for 11/09

③ Today: U.S. October CPI (13:30 UTC; market expectations: 3.9% year-over-year, versus 3.7% previously) and remarks from several Federal Reserve officials; the Fear & Greed Index edged up from 29 to 32 (Fear)

Market Overview

Fear & Greed Index: 32 (Fear)
· BTC spot ETFs: -$412 million in net outflows on 11/06
· ETH spot ETFs: -$365 million in net outflows for the week of 11/02–11/06

The main developments over the past 24 hours originated outside the crypto market. According to CoinDesk , Nvidia’s board launched an independent investigation into the possibility that CEO Jensen Huang could become a target of foreign intelligence, while U.S.–Iran negotiations made no progress, causing risk appetite to plunge over the weekend.Cointelegraph reported that BTC briefly fell to approximately $73,500 on Sunday evening, its lowest level since August 21, before briefly recovering to $75,000.

Regarding prices and liquidations,CoinDesk, citing CoinGlass data, reported that liquidations exceeded $1 billion over a 24-hour period, including approximately $913 million in long positions. ETH liquidations totaled approximately $448 million, about twice BTC’s $272 million; the largest single liquidation was an ETH position worth $48 million;Decrypt estimated total 24-hour liquidations at approximately $1.2 billion. Technically, Cointelegraph noted that BTC had fallen below its 50-week moving average (approximately $75,492), approached its 21-week moving average (approximately $73,078), and dropped below the short-term holder cost basis of $75,691 tracked by CryptoQuant.

Against the macro backdrop, U.S. stocks rebounded sharply on Monday.Motley Fool reported that the Nasdaq Composite rose nearly 3%, while BTC and ETH gained only approximately 0.1%, underperforming U.S. equities; Decrypt noted that Brent crude fell 4.3% to approximately $94. The U.S. October CPI due tonight is the key variable this week,Cointelegraph According to CME FedWatch, the market is pricing in approximately a 78.8% probability of a 25-basis-point rate hike in December.

As for liquidity,CoinPaprika News cited SoSoValue data showing that spot BTC ETFs recorded total net outflows of $1.28 billion from 11/02–11/06, including approximately $1.21 billion in weekly outflows from IBIT. Cumulative ETF flows for the year have turned into net outflows of approximately $914 million; spot ETH ETFs saw net outflows of $365 million over the same period (Bloomingbit cited SoSoValue). The Fear and Greed Index rose from 29 to 32, remaining in the “Fear” zone.

Next, two points to watch: First, the U.S. October CPI, due at 13:30 UTC tonight—if inflation comes in above expectations, it will reinforce expectations for a December rate hike and weigh on risk assets; if it comes in below expectations, it could provide an opportunity for BTC to reclaim the short-term holder cost basis above $75,000. Second, whether ETF flows from 11/09 onward can halt the consecutive outflows, and whether BTC can hold the 21-week moving average at approximately $73,078. A break below it would make the next level to watch the 200-week moving average at approximately $67,755, as cited by analysts.

Top 10 tokens by market capitalization

Source: CoinPaprika (the ranking excludes staked/wrapped derivative tokens such as stETH; it matches the top-10 list and order on CoinMarketCap during the same period), data as of 2026-11-10 00:46 UTC. Rankings may have changed amid sharp volatility.

Analysts’ views

• Short-term downside toward the 200-week moving average remains possible: Keith Alan, co-founder of Material Indicators, believes that the macro structure and thin order book mean BTC still has room to decline before confirming a breakout, potentially testing the 200-week moving average near $67,755. However, from a weekly perspective, the trend has “begun to lean bullish” (source:Cointelegraph). The risk is that insufficient order-book liquidity could cause price volatility to exceed technical-level expectations.
• Nvidia turmoil may create sustained pressure: Dan Ives, senior managing director at Yorkville Ives & Co., said in a Sunday report that the matter was a “blow” to Jensen Huang and would trigger at least several congressional investigations. Nvidia’s stock price could remain under pressure over the long term (source:Cointelegraph). The risk is that the correlation between the crypto market and technology stocks may change as the situation develops; BTC did not strengthen in tandem with the rebound in U.S. stocks on Monday.
• Falling oil prices may benefit risk assets: Economist Robin Brooks believes that lower crude oil prices could boost BTC, stocks, and gold, adding that oil prices could potentially fall to $75 per barrel (source:Cointelegraph). The risk is that renewed tensions in the Middle East could drive oil prices higher again.

The above views are from a third party and do not represent Hotcoin’s position.

Key News at a Glance

• Nvidia’s board launched an independent investigation into suspected foreign intelligence contact involving CEO Jensen Huang. Nvidia shares briefly fell about 6% to $170.24 in early trading Monday before rebounding to an intraday high of $179.92 (sources:Decrypt,Cointelegraph). As a core component of AI and technology stocks, Nvidia’s performance remains an important external variable influencing risk appetite in the crypto market.
• BTC spot ETFs recorded $1.28 billion in net outflows last week (11/02–11/06), the largest weekly outflow since late June, turning year-to-date flows negative (sources:Cointelegraph,CoinPaprika News). Continued institutional withdrawals have weakened buying support near key moving averages.
• Strategy purchased another 1,036 BTC for approximately $82 million, increasing its holdings to 850,364 BTC (sources:The Block,Cointelegraph). Corporate buying remains in place, but its scale is insufficient to offset ETF outflows during the same period.
• MARA reported net profit of $634 million in the third quarter while selling 13,597 BTC to repay loans (source:The Block). Miner reserve sales are increasing spot supply; it is worth watching whether other miners follow suit.
• The New York Stock Exchange selected Avalanche for the settlement of tokenized stocks, and AVAX briefly rose about 10% after the announcement (sources:The Block,Cointelegraph). The adoption of a public blockchain for settlement by a traditional exchange is an important development for the RWA sector, but its boost to overall market sentiment has been limited.

Today’s Focus

The above covers events for 11/10 (Tuesday). U.S. data forecasts are from Investing.com(crypto.news, citing FactSet, puts the forecast for monthly CPI at 0.2%; the two sources differ), while China trade data forecasts are from a Reuters survey cited by investingLive. 11/11 (Wednesday) is Veterans Day in the United States. SIFMA recommends that U.S. bond markets remain closed all day, while U.S. stock markets will trade as usual. This data collection found no verified high-impact data for the United States, eurozone, Japan, or China. Previously released: On 11/09 (Monday), there were no important U.S. economic data actuals available for verification; the Bank of Japan’s summary of opinions from its October meeting was released on 11/09 at 23:50 UTC, but its specific content has not yet been verified. Tonight’s CPI and speeches by Federal Reserve officials are the key short-term drivers.

Frequently Asked Questions

What is the BTC price today? BTC is trading at $74,959.95 (24-hour -0.24%) (data as of 2026-11-10 00:46 UTC, source: CoinPaprika).

Why is Bitcoin volatile today? The Nvidia CEO controversy and the lack of progress in U.S.-Iran negotiations sharply reduced risk appetite over the weekend, triggering more than $1 billion in leveraged liquidations. BTC briefly fell to around $73,500, an 11-week low; after U.S. stocks rebounded Monday, the price recovered to around $75,000, but the market is still awaiting tonight’s U.S. CPI release.

What is the current market sentiment? The Fear and Greed Index stands at 32/100 (Fear), a slight recovery from 29 (Fear) the previous day.

How are BTC spot ETF flows performing? There were $412 million in net outflows on 11/06, marking the second consecutive day of outflows (the previous day saw $430 million in net outflows); cumulative net outflows over the past five trading days reached $1.282 billion. Verified data for 11/09 has not yet been found.

Risk Disclaimer: This article is solely a compilation of market information and does not constitute investment advice; digital asset prices are highly volatile, so please carefully assess your own risk tolerance.

Related Reading:

• Crypto Daily｜ETH Weekend Longs Liquidated, Falling Over 4%; BTC ETF Weekly Outflows Reach $1.28 Billion, BTC Falls Below $75,000 (11/09)
• Crypto Daily｜U.S. Tech Stock Crash Triggers Nearly $1.1 Billion in Liquidations; BTC Retreats to $76,000, Fear and Greed Index Drops to 28 (11/06)