Bitcoin short-term holders send 47K BTC to exchanges at a loss
Bitcoin fell to an 11-week low of $72,670 after slipping below short-term holders’ average cost basis of about $75,700, according to CryptoQuant.
An unexpected rise in inflation sent US 10-year bond yields rocketing higher, ending the day back up at 5%. AI stocks continued to rise relatively unperturbed but Bitcoin is still desperately trying to hold on to the last support of $73,800.
Your day-ahead look for Nov.
November 11, 2026, 12:19 pmBitcoin held steady near $74,000 as Tuesday's hot inflation figure lifted the odds on a U.S. interest-rate increase to around 90%.
November 11, 2026, 11:37 amBitcoin fell to an 11-week low of $72,670 after slipping below short-term holders’ average cost basis of about $75,700, according to CryptoQuant.
November 10 below-cost deposits fell 29.22% from the prior day but still accounted for about 96% of the cohort's exchange inflows.
U.S. spot bitcoin exchange-traded funds (ETFs) bled another $95 million on Nov. 10, extending their losing streak to four straight days and deepening a 2026 hole that has wiped out a year-to-date cushion of more than $1.4 billion in roughly three weeks.
Former White House crypto adviser Patrick Witt says President Donald Trump is still interested in buying bitcoin for the U.S. Strategic Bitcoin Reserve, but open-market purchases face a serious legal problem.
Deutsche Bank has officially launched crypto custody for Bitcoin (BTC), Ethereum (ETH), and stablecoins. The service went live on Wednesday, two months after the bank first announced it. The move makes Germany’s largest lender a direct player in institutional digital asset services across Europe.
Ripple’s former Chief Technology Officer David Schwartz has revealed that he significantly reduced his XRP and Bitcoin holdings over the years, raising questions among investors about what his decisions mean for the cryptocurrency market.
A promise to hold until the end...
US spot Bitcoin ETFs have lost $1.6 billion in November, while stock funds attracted billions of dollars from investors buying the dip.
Bitcoin whales have reduced their holdings by more than 34,000 BTC over the past week, raising questions about whether the latest selling pressure could be approaching exhaustion. With Bitcoin trading near $73,700, we are watching several technical levels that could determine whether the market is preparing for a recovery.