In this video: Fresh signs of danger for bitcoin have reappeared. Benjamin Cowen and Alessio Rastani discuss the chart of bitcoin and the potential signs of risk. Video by Alessio Rastani.
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Bitcoin (BTC) is trading lower today, slipping below the key $72,000 support level to roughly $71,445 (around €66,127–€66,553) as of November 12, 2026. This drop extends a week-long slide driven by hotter-than-expected U.S. inflation data, persistent ETF outflows, and a broader pullback across risk assets.
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Bitcoin Insights Today
• Sustained Spot ETF Outflows. U.S. spot Bitcoin ETFs recorded their fifth consecutive day of net outflows, losing roughly $299.8 million on November 11 (led by $269.7 million exiting BlackRock's IBIT). Cumulative outflows since November 5 have now surpassed $1.4 billion, signaling weakened institutional demand.
• Tech Sector & Geopolitical Spillover. Crypto markets are facing added pressure from a sharp sell-off in tech stocks—specifically a drop in Nvidia following reports of a board probe involving CEO Jensen Huang—alongside stalled U.S.–Iran diplomatic talks. Additionally, corporate Bitcoin holder Strategy (MSTR) slid following news of its removal from an MSCI index.
• Derivatives Liquidations. The break below $72,000 triggered a fresh wave of forced closures in the derivatives market, wiping out hundreds of millions in leveraged bullish (long) positions.
• Hot Inflation & Rate Concerns. U.S. Consumer Price Index (CPI) data released earlier this week showed October inflation rising 0.4% month-over-month, exceeding the 0.3% consensus. This has strengthened the U.S. dollar and led traders to price in potential Federal Reserve tightening at the December FOMC meeting.
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