Bitcoin Falls Below $75,000 as Selling Deepens

Bitcoin fell below $75,000 to its weakest level since August, with more than $1 billion in leveraged positions liquidated and short-term holders moving into losses. Since Oct. 16, about 108,700 non-empty Bitcoin wallets disappeared, though this may reflect holders consolidating or emptying addresses; wallets holding 1–100 BTC added roughly 14,200 BTC while spot Bitcoin ETFs saw substantial outflows. Analysts differ on the outlook: some see continued wallet declines near $74,000–$75,000 as possible seller exhaustion, while others warn that a break below support near $71,900 could send Bitcoin toward $65,000. Weak technical indicators, leverage, risk aversion and pressure on technology stocks have weighed on crypto, though some analysts expect capital to return after technology-sector selling eases. Separately, Nvidia’s independent directors investigated reports that CEO Jensen Huang was targeted by a foreign intelligence operation; the company found no evidence that confidential information or national security interests were compromised, and Huang said he would cooperate and was expected to remain CEO during the review. Nvidia shares fell amid the allegations and broader AI-sector concerns before rebounding Monday; options traders placed both bullish bets and a leveraged short, while CoreWeave’s financing commitments also drew investor concern.