NewsSignals
NewsSignals AI analysis·Via TRADINGVIEW·

Key facts: BTCUSD Hits $73,708, Tests Support; MARA Sells 13,597 BTC

Grade Abearish AI signal$BTC$MARA
Bitcoin fell more than 2% to $73,708 on November 9, its lowest level since August, as it tested support around $72,000–$75,000 while miner MARA sold 13,597 BTC worth approximately $1.1 billion over six weeks. MARA said it plans to continue selling, while a break below Bitcoin’s 50-week moving average could expose the $68,000–$70,000 support zone; other companies including Strive and Strategy continued buying BTC. Continued miner selling and a sustained break below key support could intensify downside pressure, despite ongoing corporate accumulation.

Bullish strength: 25/100

  • Strive bought 29 BTC, raising its holdings to 43,153 BTC.
  • Strategy purchased $81.9 million in Bitcoin using stock-sale proceeds.
  • Capital B and BitFuFu also added to their Bitcoin holdings.
  • Adam Back described a potential third adoption phase involving increased institutional and corporate holdings.

Bearish strength: 75/100

  • BTCUSD fell more than 2% to $73,708, its lowest level since August.
  • MARA sold 13,597 BTC worth approximately $1.1 billion over six weeks and plans to continue selling.
  • Bitcoin was testing support around $72,000–$75,000, with a break below its 50-week moving average potentially exposing $68,000–$70,000.
  • Analyst Benjamin Cowen warned of further selling and a possible December bottom.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

Read the original source ↗

← Browse more news analysis

Trade on MEXC

Related market news analysis

More recent source-attributed AI analysis in crypto.

Global Stocks Strengthen as Oil Dips Below $90 a Barrel — Update

Global stocks strengthened as Brent crude briefly dropped below $90 a barrel for the first time since August, easing pressure on equity markets amid tentative signs of diplomatic progress in the Iran conflict. The Dow and S&P 500 futures gained 0.4% and 0.07%, respectively, while South Korea's Kospi surged 4.4% and Japan's Nikkei added 2.9%; Bitcoin fell 0.9% to $74,274. Further diplomatic progress could ease oil-price pressures and support equities, while upcoming U.S. inflation data could drive volatility across financial markets.

HIVE Digital adds 79 Bitcoin in Q3, lifting its treasury to 269 BTC

HIVE Digital added 79 BTC in Q3, increasing its Bitcoin treasury to 269 BTC as the miner continues building reserves while selling most of its production to fund operations. The company mined 1,070 BTC, up 49% year over year, but mining revenue fell 7.4% to $76 million as its average realized Bitcoin price dropped to $71,003; HPC and AI hosting revenue surged 71% to $8.8 million. HIVE's planned investment of up to $493 million in its AI and HPC business could accelerate its diversification beyond Bitcoin mining, although weaker mining economics remain a concern.

Global Stocks Strengthen as Oil Dips Below $90 a Barrel — Update

Global stocks strengthened as Brent crude briefly dropped below $90 a barrel for the first time since August, boosting sentiment across major equity markets. Asian and European markets rallied, with South Korea's Kospi gaining 4.4% and Japan's Nikkei rising 2.9%, while U.S. stock futures were mostly higher ahead of inflation data. Further oil weakness could support equities and ease inflation pressures, while the upcoming U.S. CPI report could shift expectations for the Federal Reserve's December policy decision.

Bybit Says $17.3B Proof of Reserves Covers 50 Assets, but the Audit Has Limits

Bybit says its 41st proof-of-reserves report covers $17.3 billion in customer assets across 50 cryptocurrencies, with all reported reserve ratios above 100%. The October 27 snapshot, independently checked by Hacken, showed coverage of 102% for BTC, 101% for ETH, 112% for USDT and 405% for USDC. The disclosure could strengthen confidence in Bybit’s asset backing, but snapshot timing and the exclusion of broader liabilities mean counterparty risk remains.

Browse more historical news from November 2026 →