Bitcoin Price Drop: BTC Slides to Lowest Level Since August
Bitcoin’s slide continued over the weekend. The latest bitcoin price drop pushed BTC to roughly $73,700 on Sunday, November 8, its lowest level since August, according to Analytics Insight. By Monday morning, it traded near $74,500.
How far has bitcoin fallen?
Here is where bitcoin stood on the morning of November 9, according to Fortune:
| Measure | Change |
|---|---|
| Price (7:30 a.m. ET) | About $74,549 |
| Past day | Down 1.7% |
| Past month | Down 8.8% |
| Past year | Down 28.8% |
| All-time high | $126,198 on October 6, 2025 |
In other words, bitcoin is now roughly 41% below its record high.
What drove the bitcoin price drop
Several forces hit the market at once.
1. Money leaving bitcoin ETFs. U.S. spot bitcoin exchange-traded funds saw about $1.28 billion in net outflows from November 2 to 6, according to SoSoValue data cited by Analytics Insight. BlackRock’s iShares Bitcoin Trust accounted for about $1.21 billion of that.
2. Forced selling. CoinGlass reported about $1.04 billion in crypto liquidations over 24 hours. Liquidations happen when traders who borrowed to bet on prices get forced out of their positions. About $256 million of the bitcoin liquidations came from traders betting prices would rise.
3. Short-term holders under water. Bitcoin fell below the average purchase price of recent buyers, near $75,700, according to Glassnode data. When that happens, some newer investors sell to limit losses, which can add pressure.
4. Inflation worries. Traders were also watching the October inflation report due November 10. Hotter inflation can keep interest rates high, which tends to weigh on riskier assets. As it turned out, the October CPI report showed prices up 0.4% in a month, slightly above forecasts.
Levels traders are watching
Analysts often look at "support" and "resistance," price areas where buying or selling has picked up before. Analytics Insight listed:
- Support: about $73,700, then $71,250 and $70,000.
- Resistance: about $75,700, then $78,200 and $80,000.
These levels are not predictions. Instead, they show where traders may react.
What a bitcoin price drop means for everyday investors
Sharp swings are normal for bitcoin. Still, a few principles can help you stay steady:
- Only invest what you can afford to lose. Bitcoin has fallen more than 40% from its peak in about 13 months.
- Avoid borrowing to trade. The liquidations above show how fast borrowed bets can be wiped out.
- Have a plan before you buy. Decide in advance how much you will invest and when you would sell.
- Keep an emergency fund in cash. Crypto is not a substitute for savings you may need soon.
Curious about how leverage and risk limits work in trading? Our explainer on trailing drawdown covers one of the most important rules traders face. For a look at sentiment in another major coin, read our piece on Cardano and Midnight.
The bottom line
The latest bitcoin price drop took BTC to its lowest level since August, driven by ETF outflows, liquidations and inflation worries. Bitcoin is down about 29% from a year ago and roughly 41% below its record. As always with crypto, expect volatility and invest with care.
This article is for general information only and is not financial or investment advice. Prices change quickly; figures are as reported by the sources linked above.
