THE CRYPTO MARKET IS UNDER PRESSURE — BUT IS THIS THE BUY-THE-DIP OPPORTUNITY EVERYONE IS WAITING
THE CRYPTO MARKET IS UNDER PRESSURE — BUT IS THIS THE BUY-THE-DIP OPPORTUNITY EVERYONE IS WAITING FOR?
Bitcoin near $74K, Ethereum struggling around $2.1K, ETF money flowing out and altcoins facing heavy selling. The next major opportunity may be forming, but buying blindly could be expensive.
Market Update: November 10, 2026
The crypto market is going through another difficult phase. Bitcoin has fallen toward the $74,000 area, Ethereum is trading around $2,100, and several major altcoins are still struggling to recover. Smaller futures contracts are experiencing even sharper price swings.
This is not simply a normal correction. Several factors are putting pressure on the market at the same time: uncertainty following the US midterm elections, weaker institutional demand, security concerns, rising inflation and forced liquidations.
The important question is not whether prices have fallen enough. It is whether real buyers are returning.
1. Why is the market dumping?
There are four major reasons behind the recent weakness.
First: US political and regulatory uncertainty. Following the midterm elections, investors became concerned that a Democrat-controlled Congress could push for stricter crypto regulations. Reuters reported that Bitcoin dropped to $73,708 on November 8, while Ethereum fell to around $2,223, both reaching their lowest levels since August. <cite>Reuters, November 8</cite>
Second: institutional money is moving out. According to CoinDesk, US spot Bitcoin ETFs recorded another $201 million in outflows on Monday, bringing withdrawals since November 2 to approximately $1.5 billion. BlackRock's IBIT also recorded seven consecutive sessions of redemptions. This matters because the market needs fresh spot demand to support a lasting recovery. <cite>CoinDesk, November 10</cite>
Third: large holders are adding to supply. Bitcoin miner MARA disclosed that it sold 13,597 BTC for approximately $1.1 billion over six weeks and planned further sales. This does not mean every major holder is selling, but it adds pressure when demand is already weak. <cite>CoinDesk, November 10</cite>
Fourth: hotter inflation triggered liquidations. October US CPI came in at 0.4% month-over-month against expectations of 0.3%, while core CPI rose 0.3% against expectations of 0.2%. Around $178 million in leveraged crypto long positions were liquidated within an hour of the release. Traders expecting an immediate recovery were forced out, adding more selling pressure. <cite>TradingView/Crypto Briefing, November 10</cite>
The combination of these factors explains why a market that looked ready to recover has struggled to attract buyers.
2. Bitcoin ($BTC): The market's most important test
Bitcoin is trading around $74,000–$75,000 in current market reports. The 15-minute chart shared in this analysis shows a clear short-term bearish structure after the decline from the $76,000 area.
The important levels on that chart are:
- Immediate support: $73,700–$73,000
- First resistance: $74,900
- Higher resistance: $76,000–$76,350
A recovery above $74,900 would improve short-term momentum. A stronger move above $76,350 would provide better evidence that buyers are regaining control.
However, a breakdown below $73,000 could expose Bitcoin to another round of selling.
My view: Bitcoin is the first asset to watch. A convincing BTC recovery could improve confidence across the entire altcoin market.
3. Ethereum ($ETH): Waiting for demand to return
Ethereum is trading around $2,100, significantly below its earlier levels. It is facing pressure from weak market sentiment and ETF outflows.
ETH needs to recover its important resistance areas and attract stronger spot buying. A short-term bounce is possible, but a lasting recovery requires more than a few green candles.
I would watch ETH closely alongside BTC. If Ethereum continues to underperform Bitcoin, smaller altcoins may struggle even more.
4. Major market-cap coins: Where is the opportunity?
Here is the wider watchlist:
- BNB: Around $690 in the November 10 market snapshot. It has shown relative strength compared with several large assets. Watch whether it can maintain that strength.
- XRP: Around $1.09. Its recent weekly weakness makes a confirmed recovery important before considering aggressive entries.
- SOL: Around $85. Solana remains an important high-beta asset. A Bitcoin recovery could help, but it remains exposed to broader market weakness.
- TRX: Around $0.319. Its relative stability is worth monitoring during market uncertainty.
- DOGE: Around $0.07. Sentiment and speculative demand remain major drivers.
- ZEC: Around $1,139 in the market snapshot. It has experienced significant volatility and needs careful risk management.
- HYPE: Around $74. Its support zone and derivatives-market activity deserve attention.
- XMR: Around $560. Privacy-related demand and regulatory developments remain important factors.
- BCH: A major payment-focused asset worth monitoring for strength against BTC.
- LINK: An important infrastructure and oracle project. Watch for renewed demand rather than assuming it must rise with the market.
These prices are approximate November 10 market snapshots, not guaranteed execution prices. <cite>CoinGecko market data via Investin.news; BlocFolio, November 10</cite>
5. Smaller futures coins: High risk, high volatility
The contracts shown in the recent screenshots also deserve attention:
Crypto projects: $ERA, $GTC, $HUMA, $BMT, $BTW, $SOPH, $ZIL, $HOT, $10000CAT and $SXT.
Other listed contracts: $ACNX, $SKHYNIX, $MU, $ZHONGJIU, $BIRB, $INIT, $CYBER and $BNC.
These are not all the same type of asset. Some represent crypto projects, while others are stock-linked or other market contracts. Their trading hours, liquidity and risks can differ.
Coins such as $HUMA, $BMT, $GTC, $ERA and $HOT may offer recovery opportunities, but a negative funding reading or a large price decline does not automatically make a contract bullish.
For these smaller contracts, I would wait for a support reclaim, stronger trading volume and a clear higher low before entering.
6. Is now the time to BUY THE DIP?
This is where traders need to think carefully.
A falling market creates better prices, but it does not guarantee better investments. Bitcoin falling from $80,000 toward $74,000 does not automatically mean the bottom is in.
I would divide the opportunity into three stages:
1. First stage — Protect capital: Avoid oversized futures positions while the market structure remains weak.
2. Second stage — Watch confirmation: Look for BTC to reclaim resistance, ETH to show relative strength and ETF outflows to slow.
3. Third stage — Build exposure gradually: Consider stronger large-cap assets first, then selected altcoins showing independent buying strength.
The New York Stock Exchange's selection of Avalanche for a planned tokenized-securities settlement platform is also a reminder that real blockchain adoption continues despite short-term market weakness. <cite>CoinDesk, November 10</cite>
FINAL TAKE: DON'T MISS THE OPPORTUNITY, BUT DON'T BUY BLINDLY
The crypto market is facing genuine pressure. Political uncertainty, ETF withdrawals, large-holder selling and hotter inflation have weakened confidence. Yet these conditions do not mean the long-term crypto market is finished.
Bitcoin remains the most important indicator. Ethereum, BNB, XRP, SOL, LINK and other major assets deserve close attention. Smaller contracts may offer bigger percentage moves, but they also carry much greater risk.
The best dip-buying opportunity is not simply the coin that has fallen the most. It is the asset that stops falling, attracts real demand and begins building a stronger market structure.
Keep cash available. Avoid excessive leverage. Wait for confirmation.
The next major recovery could reward prepared traders — but patience is more valuable than trying to catch the exact bottom.
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$INIT $BTC $XAUT