TLDR
Bitcoin traded near $73,912 on November 10, according to CoinGecko.
U.S. consumer prices rose 0.4% in October, exceeding the 0.3% forecast.
Core consumer inflation reached 0.3%, above the expected 0.2%.
U.S. spot Bitcoin ETFs recorded approximately $1.48 billion in net outflows across six sessions.
BlackRock’s IBIT accounted for approximately $1.42 billion of those net withdrawals.
Bitcoin (BTC) price slipped toward $73,000 on November 10 as hotter-than-forecast U.S. inflation pressured risk assets. CoinGecko showed Bitcoin near $73,912, with a 24-hour low around $73,587 during the session. The decline coincided with another test of investor demand. U.S. spot Bitcoin funds have recorded substantial withdrawals, although recent on-chain exchange deposits show a contrasting trend.
Inflation Surprise Raises Interest-Rate Concerns
The Bureau of Labor Statistics reported a 0.4% increase in October’s Consumer Price Index. Economists surveyed by Reuters expected 0.3%, while September’s monthly increase reached 0.6%.
Core consumer prices rose 0.3%, exceeding the 0.2% consensus estimate. Both readings strengthened market expectations of another Federal Reserve interest-rate increase in December.
Reuters reported falling U.S. equities and rising Treasury yields following the inflation release. Bitcoin declined alongside other risk-sensitive assets, although the data cannot prove a single cause. The agency published no annual inflation rate for October. A federal funding lapse prevented comparable price data collection during October 2025.
Bitcoin ETF Withdrawals Continue
Data from Farside Investors show U.S. spot Bitcoin ETFs recorded $201 million in net outflows on November 9. Combined withdrawals reached approximately $1.48 billion across six trading sessions beginning November 2.
BlackRock’s iShares Bitcoin Trust accounted for roughly $1.42 billion of those net outflows. However, November 4 brought $74.6 million in net inflows across the broader ETF group.
The divergence matters because one fund’s redemptions do not represent the entire market. Fund flows also measure investment-product activity, rather than every underlying Bitcoin purchase or sale.
Loss-Making Bitcoin Exchange Inflows Decline
CryptoQuant estimated short-term holders’ average Bitcoin cost basis near $75,700 on November 10. Trading below that figure places the group at an unrealized loss on average.
Another CryptoQuant analysis tracked exchange deposits from loss-making short-term holders. Those holders transferred about 32,695 BTC on November 6. That represented roughly 89% of short-term holder exchange inflows, according to CryptoQuant. Their deposits fell to about 9,900 BTC on November 9, despite continued price weakness.
The decline represents approximately 70% fewer loss-making exchange inflows from that specific holder cohort. It does not measure all exchange deposits or guarantee reduced selling.
Separately, Blockonomi reported roughly 108,700 fewer nonempty Bitcoin wallets since October 16, citing Santiment. Wallet totals cannot reliably count distinct investors. ETF withdrawals, holder losses, and exchange deposits measure different activities.
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