Bitcoin (BTC) trades below $75,000 early Tuesday as investors brace for October U.S. inflation data, a key release likely to set the trajectory for the remainder of the year.
Ongoing withdrawals from U.S. spot Bitcoin ETFs are also weighing on BTC’s recovery.
On November 09, U.S. spot BTC ETFs lost $201 million, according to Farside Investors’ data.
IBIT recorded $213.2 million in outflows, while ARK’s ARKB lost $9.9 million. Morgan Stanley’s MSBT attracted 22.1 million, partly offsetting those withdrawals.
Farside Investors’ daily figures show the funds shed roughly $1.28 billion over the preceding trading week, underscoring the challenge facing buyers.
Important Read: Bitcoin slips below $76,000 as crypto ETFs lose $530 million
What the inflation report could show
The Bureau of Labor Statistics will release October’s Consumer Price Index (CPI) on November 10, 2026, at 8:30 a.m. Eastern Time, or 13:30 UTC.
Economists forecast prices to rise 0.3% from September and core prices, excluding volatile food and energy costs, expected to increase 0.2%, Reuters reported.
The respective gains for September were 0.6% and 0.3%.
Later on Monday, financial markets priced in roughly an 85% chance of a December rate increase.
The main risk for Fed officials not following through on a December rate hike would be a further substantial correction in equity markets or widening credit spreads,” said Veronica Clark, an economist at Citigroup.
Last month, the Fed left its benchmark overnight interest rate in the 3.75%-4.00% range.
Buying demand remains the key test
Analysts expect weaker inflation could help digital assets, but Bitcoin needs positive ETF flows and a more supportive Fed outlook.
Bitcoin needs real buying, not a lucky break. Until ETF flows turn positive and the Fed turns dovish, the path of least resistance remains lower, BRN analysts said.
Analysts at Bitget Wallet similarly said stronger liquidity and spot buying are needed to sustain gains. They also warned that rising inflation could reinforce expectations for December rate increases.
BRN warned that a daily UTC close below $73,000 could trigger selling toward $70,000. Bitget Wallet identified 73,000–74,000 as support and said holding above $80,000 would indicate stronger demand.
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