Inflation surpassed expectations and triggered a sharp decline in the coin industry, BTC fell below 74,000, and the escape of institutional funds accelerated

According to Woofun AI, on November 10, the cryptocurrency market experienced a sharp decline across the board due to negative macroeconomic shocks, and investors' risk appetite shrank sharply. Inflation data that exceeded expectations not only heightened market concerns about the Fed's monetary policy prospects, but also directly triggered the simultaneous sell-off of core assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), indicating that market sentiment has moved into an extremely cautious phase.

The underlying reason is the drastic tightening of the macro-financial environment. The unexpected inflation data released on Tuesday triggered severe turmoil in the US Treasury bond market. Investors sold bonds on a large scale in anticipation that the Federal Reserve would adopt more aggressive austerity policies, leading to a significant rise in the yield curve. Among them, the yield on 10-year US Treasury bonds once broke through the critical psychological threshold of 5%, while the yield on 2-year Treasury bonds, which are more sensitive to monetary policy, is approaching 4.75%.

This increase in the appeal of fixed income assets has directly squeezed the living space of speculative digital assets. Meanwhile, the US dollar index (DXY) rose by about 0.5%, and the strengthening of the US dollar further suppressed the price of crypto assets denominated in US dollars by tightening global liquidity and weakening the purchasing power of overseas investors.

The more critical variable is the market's pessimistic expectations of the future interest rate path. More and more traders are starting to price the possibility that the Federal Reserve will raise interest rates in December, and some aggressive opinions are even betting on a sharp rate hike of 50 basis points. The combination of rising bond yields, the strengthening of the US dollar, and expectations of monetary tightening have combined to form a severe macroeconomic headwind currently facing digital assets.

In terms of asset price performance and capital flow, data compiled by Woofun AI shows that major currencies have declined significantly and institutional capital has shown an accelerated flight trend. As of the evening, the price of Bitcoin was down 1.83% to $73,874.38, Ethereum was down 3.43% to $2,059.16, and Solana was down 3.69% to $83.37. The performance of the spot ETF market was also weak. iShares Bitcoin Trust ETF (IBIT.US) fell 1.51%, Fidelity Smart Origin Bitcoin Fund (FBTC.US) fell 1.49%, and iShares Ethereum Trust ETF (ETHA.US) fell 3.27%. Since November 2, US spot Bitcoin ETFs have accumulated net outflows of approximately $1.5 billion, seriously weakening market buying support. Derivatives market signals also point to caution. Options traders are paying premiums for downside risk protection, while lower futures positions indicate that investors lack the will to bottom out.

Currently, Bitcoin is struggling to maintain the $74,000 level, Ethereum is approaching the $2,000 psychological barrier, and Solana is testing support near $80. If Bitcoin is unable to return to the $75,000 mark and institutional capital flows are not stabilized, any short-term rebound will be difficult to sustain, and highly volatile assets will face greater risk of sell-off pressure.

Judging from the ranking of the top ten currencies in the market, most mainstream assets recorded significant declines. As of 11:17 UTC on November 10, 2026, Tether (USDT) traded at $0.9991, Binance Coin (BNB) dropped to $677.54, USDC (USDC) at $0.9996, Ripple (XRP) at $1.06, TRX (TRX) at $0.3177, Figure Heloc (FIGR_HELOC) at $1.04, and Zcash (ZEC) plummeted to $1.04 $1,055.91.