Bitcoin Breaks $75,000 Support as Whales Dump 20,000 BTC
Bitcoin has slid nearly 9% over the past week, cracking below the $75,000 support level and its 200-day EMA. Coinpedia warns a test of $71,000 and $70,000 could come next, with $65,000 on the table. ETF outflows near $1.9B in November and whale selling are fueling the pressure.
- 2 sources report it: coinpedia.org, X account @KobeissiLetter.
- The source published it on Nov 12, 2026 at 4:01 PM.
Nothing open. Every check passed.
Bitcoin's week went from bad to worse. The top coin has shed nearly 9% over the past seven days, according to Coinpedia, and has now broken below the key $75,000 support level along with its 200-day EMA. Both are technical lines traders watch closely, and losing them has put further downside on the radar.
Coinpedia's read on the chart is blunt: BTC could slide toward $71,000 and $70,000 before potentially testing $65,000. That would mark a deeper retreat for a market that has spent months leaning on bullish momentum.
The selling isn't coming from nowhere. Spot Bitcoin ETF outflows have hit nearly $1.9 billion in November, and whales have offloaded around 20,000 BTC in just the first 12 days of the month. That combination drains liquidity and chips away at the bids that usually cushion a pullback.
Macro is piling on. US political uncertainty, rising inflation and expectations of higher interest rates are all weighing on crypto markets, Coinpedia reports. With the $75,000 floor gone and big holders heading for the exits, the next few sessions will show whether buyers step in near $71,000 or let Bitcoin drift toward $65,000.
TopicsBitcoin · BTC · Coinpedia
Written by Paparazzi with AI. Not financial advice.