Bitcoin Holds Near $75,000 After $300 Million Weekend Loss

Bitcoin closed at $74,740 on November 8, 2026, marking its lowest close in a month following a $300 million weekend liquidation event. According to BigGo Finance, the leading cryptocurrency trades at $75,034, down 40.5% from its record high of $126,080 recorded in October 2025.

The recent close dropped below the previous weekly close of $78,231, marking the fifth consecutive week of losses for Bitcoin. The asset currently trades 5% below its 20-day moving average of $79,005 and 8.2% below its 50-day average of $81,760, technical levels that traders frequently interpret as indicators of a sustained downtrend.

Institutional Holdings and Corporate Activity

Strategy Inc. holds 850,364 BTC, valued at approximately $63.8 billion, with an average purchase price of $75,456, according to an 8-K filing. This leaves the largest corporate holder just 0.6% below its breakeven price. Meanwhile, public companies sold a net 11,647 BTC, amounting to roughly $874 million, between November 2 and 8, based on data from Lookonchain.

U.S. spot Bitcoin exchange-traded funds experienced $1.28 billion in net outflows between November 2 and 6, following a $643 million outflow in late October. These consecutive outflows have forced funds to sell holdings. In the mining sector, Mempool.space forecasts a 6.4% adjustment in mining difficulty, signaling a pullback in miner operations.

Key facts

• Bitcoin closed at $74,740 on November 8, 2026, marking a one-month low.
• Strategy Inc. holds 850,364 BTC at an average purchase price of $75,456.
• U.S. spot Bitcoin ETFs recorded $1.28 billion in net outflows between November 2 and 6.
• Public companies sold a net 11,647 BTC from November 2 to 8.