Bitcoin traded near $75,900 on November 7, 2026, after a sharp selloff pulled it below $80,000 from resistance near $87,000. Spot Bitcoin exchange-traded funds bled roughly $1.28 billion over the past week, with $411.90 million in net outflows on November 7 alone, equal to 5,420 BTC.
According to Farside Investors, BlackRock’s IBIT lost $403 million on November 6, while BITB, ARKB and GBTC lost $20.5 million, $20.1 million and $11.1 million respectively. Fidelity’s FBTC recorded a $42.8 million inflow. November 5 had outflows of $430.2 million, led by FBTC at $199.9 million and IBIT at $105 million. November 4 was the month’s only inflow day so far at $74.6 million.
Analyst Ali Martinez highlighted a three-day chart with $73,000 as mid-range support. A break below that could expose the lower channel boundary near $60,000, with $66,000 as an intermediate level. Jamie Coutts said Bitcoin has held the $75,000 area so far, but a break below would risk a move toward the mid-$60,000s and turn several trend filters bearish. He added that a move above $87,000 would confirm an August trend reversal.
Helios Analytics data showed 31.8% of Bitcoin supply last moved above $80,428, with supply clusters between $75,000 and $85,000 and long-term-holder clusters near $60,000 to $65,000 and around $100,000. Trader Ted Pillows noted large buy orders around $73,000 to $75,000 and no major sell orders until $81,000 to $82,000. Aksel Kibar said Bitcoin’s move above $82,800 lacked a strong weekly close and could return to a broad range between $60,000 and $82,800.
The broader crypto market remains sensitive to Bitcoin’s direction, with cumulative spot Bitcoin ETF net inflows at $56.15 billion, or 700,920 BTC, and net assets near $100.38 billion.
