Crypto · $BTC/USD
Bitcoin Slips Toward $74,000 as Spot ETF Outflows Continue and Fed Hike Bets Build Ahead of CPI
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Crypto lags Monday's stock rebound, with BlackRock's IBIT logging a seventh straight session of redemptions.
By Emma Cruz ·
Bitcoin lagged the global stock rebound on Tuesday, Nov. 10, drifting lower as traders priced in a possible Federal Reserve rate increase and U.S. spot bitcoin exchange-traded funds kept losing money, CoinDesk reported [1][2].
Bitcoin fell to about $74,200 in early U.S. morning hours, with an overnight low near $74,100, according to CoinDesk's market report published at 6:24 a.m. ET [1]. That left the largest cryptocurrency down about 1.4% since midnight UTC, CoinDesk said in a second report published at 5:48 a.m. ET [2]. Yahoo Finance's market page showed bitcoin at about $74,181, down 0.12% on the session, at roughly 6:30 a.m. ET [3]. Ether fell 1.4% to about $2,100 in the same early period, CoinDesk reported [1].
The weakness stands in contrast with equities. The S&P 500 had its best day since April 8 on Monday and the Nasdaq Composite rose 2.7%, CoinDesk noted [1]. Bitcoin did not join that rally.
Fund flows underline the cautious tone. U.S. spot bitcoin ETFs lost $201 million on Monday, according to data from Farside Investors cited by CoinDesk [1]. BlackRock's IBIT led the outflows with $213.2 million and has now seen seven straight sessions of redemptions [1]. U.S. spot ether ETFs lost $184.6 million, the same report said [1]. Because those funds are one of the main routes for institutional money into crypto, a streak of net selling suggests larger buyers are not stepping in at current prices.
Leverage, by contrast, has cooled. Crypto futures liquidations fell about 84% to $184 million over 24 hours, down from more than $1 billion on Monday, CoinDesk reported [1]. Trading volume fell 8.55% to $165.2 billion, while open interest rose 0.59% to $128.4 billion [1]. Lower liquidations mean fewer forced sales for now, though rising open interest shows traders are still positioning for a move.
The macro backdrop is the main influence. CoinDesk said traders are pricing in 25 basis points of tightening at the Fed's Dec. 9 meeting, which would take the target range to 4.00% to 4.25%, and that Governor Christopher Waller favors a higher rate even if inflation cooled in October [2]. Gold slipped below $4,100 an ounce and the dollar index held firm below 102 [2]. Higher interest rates can weigh on assets such as bitcoin that pay no yield, because safer returns become more attractive.
The October consumer price index is due at 13:30 UTC, or 8:30 a.m. ET. Dow Jones-polled economists expect headline inflation of 0.3% and core inflation of 0.2%, compared with 0.6% and 0.3% in September, CoinDesk said [1]. CoinDesk also noted that annual comparisons will not be available because last year's government shutdown prevented price collection [2].
What to watch: whether the CPI numbers match the forecasts and how bitcoin reacts around the $74,000 level; the next round of ETF flow data from Farside, including whether IBIT's redemption streak extends to eight sessions; and whether futures liquidations stay subdued if volatility rises after the data.
Sources:
[1] CoinDesk, "Bitcoin (BTC) price slips as ETF outflows mount ahead of U.S. CPI data: Crypto Markets Today", November 10, 2026. https://www.coindesk.com/markets/2026/11/10/bitcoin-lags-stock-rebound-in-advance-of-u-s-inflation-report
[2] CoinDesk, "Bitcoin (BTC) price falls as Fed rate-hike bets build ahead of U.S. CPI report", November 10, 2026. https://www.coindesk.com/markets/2026/11/10/bitcoin-slips-before-u-s-inflation-report-as-traders-price-in-fed-rate-increase
[3] Yahoo Finance, "Stock market today: Dow, S&P 500, Nasdaq trade mixed ahead of key inflation data", November 10, 2026. https://finance.yahoo.com/markets/live/stock-market-today-tuesday-november-10-dow-sp-500-nasdaq-inflation-data-cpi-090627830.html
This article was produced with AI assistance. It is for informational purposes only and is not financial advice. StockVolt and its authors may hold positions in securities mentioned.