Bitcoin Faces a CPI Test at $75,000—But Inflation Relief Alone May Not Be Enough

Bitcoin is heading into Tuesday’s U.S. inflation report in a position that leaves little room for a disappointing surprise.

The world’s largest cryptocurrency was trading around $74,750 early Tuesday, after briefly moving above $75,000 overnight. That keeps Bitcoin close to the $73,000-$74,000 support zone analysts have identified as the line between an orderly pullback and a more aggressive wave of selling.

CoinDesk reports that economists expect the October consumer price index to rise 0.3% from September, while core CPI—excluding food and energy—is expected to increase 0.2%. Those estimates would represent a slowdown from September’s 0.6% headline increase and 0.3% core increase.

This report will be unusual. The Bureau of Labor Statistics will not publish an October year-over-year comparison because last year’s government shutdown prevented the agency from producing a complete October 2025 index level.

Traders will have the monthly figures, but not the annual number markets normally use to frame the inflation trend.

$BTC trades near $75k on Monday after a failed push above $80k. ETF outflows were the heaviest since early July and short-term holders are near break-even, while leverage and demand for protection stay high.

Read our latest BTC Market Pulse 👇https://t.co/glw3UDrMVp pic.twitter.com/DItZOMjeta

— glassnode (@glassnode) November 9, 2026

The inflation print matters because Bitcoin has lost momentum since trading above $87,000 in early October. A softer number could ease pressure on bond yields and the dollar, giving risk assets a short-term lift.

A hotter reading could reinforce expectations that the Federal Reserve will keep policy tight—or even consider another increase—at a moment when crypto demand already looks fragile.

But the macro number is only half the story. Spot Bitcoin exchange-traded funds, one of the strongest sources of demand earlier in the cycle, have recently seen heavy outflows.

Without a return of steady spot buying, a favorable CPI release may produce a bounce that fades rather than a durable reversal.

BREAKING: The US Bureau of Labor Statistics (BLS) announces that this week's October CPI inflation data will not include year-over-year numbers.

BLS says that missing data from the October 2025 government shutdown "prevents reliable annual comparisons."

We will only be…

— The Kobeissi Letter (@KobeissiLetter) November 10, 2026

The levels are straightforward. A daily close below $73,000 could invite momentum selling toward $70,000, with some analysts pointing to $68,000 as the next major test. On the upside, Bitcoin would need to recover and hold $80,000 to show that demand has meaningfully changed.

Tuesday’s CPI report may decide the first move. ETF flows, liquidity and real spot demand will decide whether that move lasts.

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