EL7.AI
CryptoMedium•11 November 2026•
1 min read

Bitcoin Drops to $73,700 on Hot US CPI and $723M Liquidations

Key Facts

1Bitcoin price fell to $73,700 following the release of US inflation data that exceeded market expectations.
2The crypto market saw massive liquidations totaling $723 million driven by price volatility.
3ETF withdrawals and selling by large holders (whales) added further downward pressure on the price.

Bitcoin price fell to $73,700 following the release of US inflation data that exceeded market expectations. crypto.news reported that the crypto market saw massive liquidations totaling $723 million driven by price volatility, with long positions accounting for approximately $570 million of the total volume.

Bureau of Labor Statistics data showed consumer prices rose 0.4% in October 2026, exceeding economists' expectations of 0.3%. ETF withdrawals, including $213.2 million pulled from the BlackRock iShares Bitcoin Trust on November 9, 2026, and selling by large holders (whales) of more than 34,000 BTC, added further downward pressure on the asset.

Market participants are looking ahead to the Producer Price Index (PPI) release on November 13, 2026, for further inflation cues. Immediate technical support for Bitcoin is identified near $72,700, while a recovery would require reclaiming the $75,000 level.

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