Bitcoin (BTC) Trades Under $67,500 Floor After Nvidia CEO Exit

$70,000 Gave Way on Friday

The Bitcoin (BTC) price sits at $67,273 on Saturday, between the $67,500 low printed on Friday and the $65,654 support line beneath it. Friday's report that Nvidia chief Jensen Huang would step down shook US technology stocks and pushed the market through $70,000, its lowest level in three months. Oil and US Treasury yields were rising into the move, so the slide carried equity and rate pressure together.

The wider altcoin market took more damage than the largest asset. A weekly Coin Liveness Metric, a composite of on-chain activity, social attention and trade momentum, reads participation rather than price alone, and its top ten names averaged a seven-day return of -7.14% against -4.73% for Bitcoin (BTC), a gap of 2.41 percentage points. The median was worse at -8.58%. Activity held up better than price: the top-ten score averaged 1.34 against 1.29 a week earlier, and the metric rewards continuing engagement, not the decision to HODL through a drawdown.

Among the majors, Ethereum (ETH) held first place with a score of 1.90 despite a 9.8% weekly loss and a relative strength index (RSI) that slid from 45 to 30. Solana (SOL) ranked second at 1.64, down 10.2% with an RSI of 21 and the highest on-chain contribution of the three. XRP lost 17.3%, the deepest major decline, its RSI falling from 40 to 18, the lowest reading in the panel.

Only three of the ten rose. Ether.fi (ETHFI) jumped from 23rd to 10th as its score climbed from 0.14 to 1.00 on a 10.2% gain, a rise built on social attention and price momentum while its on-chain contribution stayed below the universe average. Jupiter (JUP) moved 17th to 9th at 1.01 with all three components positive. PEPE gained 10.5%, the best performance, and reached 1.40 with the panel's highest on-chain contribution. Official Trump dropped 27.9% as midterm-week social attention faded, its score easing from 1.83 to 1.46. Seven of the top ten sat at an RSI of 35 or lower.

$1.6 Billion of Longs Wiped Out

This week's damage started with US inflation. Tuesday's CPI came in at 0.4% month over month against a 0.3% forecast, which revived talk of a December rate hike and, with the 10-year yield above 5%, kept the dollar firm. Bitcoin (BTC) had already slipped under the August low near $73,000 and touched $72,800 before Friday's Nvidia headlines broke the daily 200-day moving average at about $73,000 and the round $70,000 line in one session. The fall reached $67,500, a level last traded in June, and Saturday trading has since settled just beneath it. Volatility has widened across the whole move.

Derivatives bore the brunt. Liquidation data shows $1.6 billion cleared in 24 hours, roughly nine tenths of it long positions, extending the stretch in which long traders took 82.7% of crypto liquidations. Spot ETF flows added pressure of their own: outflows ran to $1.5 billion across six straight sessions, leaving no visible bid under the market.

Index provider MSCI will remove Strategy from its equity indices effective Nov 30. Strategy's chief executive has said index-linked holdings are only about 3% of the share count and that the company is not forced to sell Bitcoin (BTC), but the board has approved a sale window of up to $1.25 billion, so the largest corporate whale holds an option the market must price. The weekly chart adds to the picture: the 200-week moving average is gone, and the week is on course for a sixth straight red candle. Resistance now sits at $70,000 and, above it, at the daily 200-day average near $73,000.

Next week stacks the catalysts: a Federal Reserve Chair speech on Monday (Nov 16), US retail sales on Tuesday (Nov 17), Nvidia earnings early on Wednesday (Nov 18) and FOMC minutes early on Thursday (Nov 19).

The $65,654 Line Below

COINOTAG's technical analysis composite puts the strongest support at $65,654, scored 78 out of 100, with the strongest resistance overhead at $72,643, scored 97. Momentum is stretched: the daily RSI reads 22.83, the MACD signal is bearish and the trend label is a downtrend. Positioning has not de-risked, since the perp funding rate sits near zero at 0.0004% while 78.5% of accounts remain long, a skew that can feed further liquidations if the downside resumes. Sentiment reads 13 out of 100, deep in extreme fear. The measured distance is the point: spot at $67,273 rests $1,619 above the $65,654 line, and a close beneath it would hand the next band near $62,421 to the market.