Decrypt’s report, published November 10, 2026 at 03:06 UTC+8, opened on a simple move. After a tumultuous week in traditional markets and digital assets, Bitcoin had returned to prices last seen in early August. In that earlier month it had gained 25% in a single month. Near $75,000, the level looked different this time because the coin was on the way back down.
The parallel stops there until the drivers in the report are clear. Early August was a climb into that zone. This reading was a retreat back toward it.
Monday’s stock rebound, and what sat beside it
U.S. stocks rebounded on Monday. By 11:30 a.m. Eastern, the S&P 500 was up 1.9% and the Nasdaq Composite was up 2.2%. Brent crude fell 4.3% to about $94 a barrel. Decrypt said that drop gave the broader market a lift, even as Nvidia shares slid in a move that spooked tech investors.
Those prints share a session. They do not, on their own, show that oil caused the equity bounce, or that either move set Bitcoin’s path.
Inflation data due the next day
The Bureau of Labor Statistics was due to release the October consumer price index the following day. The report tracks what households pay for goods and services. It was scheduled after a stronger-than-expected jobs report had pushed traders to price in roughly an 80% chance of a quarter-point Federal Reserve interest-rate hike in December. That figure is the probability traders were pricing when Decrypt wrote, not a statement of what the Fed would decide.
The bounce followed forced selling
Bitcoin was up 0.7% at $74,559 after touching its lowest level in more than two months. The rebound followed a wave of forced selling in crypto derivatives. A CoinGlass snapshot showed $1.2 billion in liquidations over 24 hours.
Exchanges liquidate positions when traders can no longer cover losses with the collateral they have posted. About $1.04 billion of the total came from longs, bets on higher prices. Bitcoin positions accounted for $324 million, nearly 87% of it in longs.
Leverage is what makes that kind of move fast. Collateral runs out, and the position is closed. The snapshot records the wave. It does not show where a lasting turn has to begin, and it is not evidence of flows beyond the 24-hour total Decrypt cited.
The weekly chart Decrypt described
The weekly chart put $74,400 in focus. Bitcoin had rallied from roughly $57,700 to $87,350 before sliding back toward $75,000. At the time of the report it was trading at $74,685 after an early dip to $73,667, with the week’s candle still open.
The 50-week exponential moving average sat near $78,250, above the 200-week EMA at about $69,790. Both averages give more weight to recent prices. The shorter one responds faster. Their order still favored the longer-term uptrend. Bitcoin was trading below the faster average, and the gap had narrowed considerably. Decrypt said that narrowing increased the possibility of a death cross later. A possibility on an open candle is not a completed signal, and it is not a declaration that a cycle has topped or bottomed.
The Relative Strength Index was 47.8. On its scale of zero to 100, that sits close to the midpoint, with a slight tilt toward sellers and some distance from 30, the level traders typically call oversold. The Average Directional Index read 21.9, below the commonly used 25 threshold for a strong trend. Its directional indicators still gave buyers a slight edge. Strength and direction were not aligned.
Reference areas, not a promised path
On the way down, $74,400 was the first area where buyers could step in. Bitcoin had already traded through it that week, so a weekly close below it would put $72,550 in view, followed by the $69,000 area around the 200-week EMA. On a rebound, the first area where sellers could stall the move was near $76,040, then the 50-week EMA around $78,250. A move through that average would put $80,360 back in play, with the prior rebound high near $87,350 beyond it.
Those are levels from the chart in the report. An open weekly candle does not require price to reach any of them. The early-August comparison is only the shared price zone and the 25% monthly gain that once carried Bitcoin there. Direction, the derivatives liquidations, and the inflation calendar in this report were different.
Original report: Bitcoin in Limbo as Stocks Rebound Ahead of US Inflation Report, Decrypt, November 10, 2026, 03:06 UTC+8.
