Bitcoin was trading around $75,900 on Saturday, November 7, after briefly falling below $75,000 on Friday, its lowest level since August 21. About $1.05 billion in leveraged positions were liquidated within 24 hours, mostly longs, while the Fear & Greed Index fell to 25, indicating extreme fear. U.S. spot Bitcoin ETFs recorded $842.1 million in net outflows on Thursday and Friday, pushing their 2026 performance into negative territory with a deficit of roughly $900 million. The creation of 165,000 jobs in October, compared with 65,000 expected, made a rapid rate cut less likely, adding pressure on risk assets and Bitcoin.
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