Bitcoin has fallen below $73,000 amid institutional and retail selling, heightened short-term holder sensitivity and cascading liquidations. U.S. inflation exceeded expectations in October, while Federal Reserve Governor Christopher Waller raised the prospect of a 50-basis-point rate hike, adding to macroeconomic concerns. Fourteen companies have sold 108,247 BTC in 2026, and spot Bitcoin ETFs have recorded $1.484 billion in outflows across six trading sessions. The market nevertheless remains in a bullish phase reminiscent of March 2023, but defending the $64,000 to $65,000 zone is crucial to preserving that trend. A weekly close below $64,133 would signal a deeper decline, while holding above the zone could lead to consolidation and a recovery.
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