Bitcoin Trails Equity Rebound Ahead of U.S. Inflation Data

Nov 10, 2026, 6:24 a.m. EST

4 min read

Summary

Avalanche (AVAX) climbed 5% across 24 hours following the New York Stock Exchange’s selection of the network to clear trades on an upcoming 24/7 tokenized asset marketplace.
Analysts surveyed by Dow Jones project U.S. October headline inflation at 0.3% and core inflation at 0.2%, cooling from September’s respective 0.6% and 0.3% figures.

Ether dropped 1.4% since midnight UTC to near $2,100 after U.S. spot ether ETFs experienced $184.6 million in redemptions on Monday, according to data from Farside Investors.

Bitcoin decreased to roughly $74,200 since midnight UTC, registering an overnight low of $74,100 while markets await a U.S. inflation update anticipated to indicate moderating consumer price expansion for October.

Ether declined by 1.4% alongside a 0.2% retreat in the CoinDesk 80 (CD80), whereas the CoinDesk Memecoin Index (CDMEME) defied the broader direction with a 0.4% advance.

The U.S. consumer price index release is scheduled for 13:30 UTC. Surveyed economists from Dow Jones anticipate that headline inflation went up 0.3% and core inflation rose 0.2% during the prior month, reflecting a slowdown compared to September’s respective readings of 0.6% and 0.3%.

U.S. equities bounced back on Monday, driven by the S&P 500 index securing its strongest performance since April 8 and a 2.7% increase in the Nasdaq Composite, thereby retracing some losses from the previous week’s AI-driven selloff. Meanwhile, the leading cryptocurrency, Bitcoin, remains virtually unchanged over the past day.

U.S. spot bitcoin ETFs suffered $201 million in net outflows on Monday, based on figures from Farside Investors, spearheaded by $213.2 million exiting BlackRock’s IBIT, which has now marked seven consecutive sessions of withdrawals.

Derivatives positioning

Liquidations ease: Crypto futures liquidations contracted by approximately 84% to $184 million within 24 hours from exceeding $1 billion on Monday. Trading turnover dropped 8.55% to $165.2 billion, whereas open interest ticked up 0.59% to $128.4 billion, indicating quieter activity and minimal net capital movement. The taker long/short volume ratio, tracking active market orders, registered at 49.69% buying versus 50.31% selling, presenting an almost balanced distribution.
Funding mostly positive: Annualized funding rates remain moderately positive across most prominent digital assets, including bitcoin and ether, signifying that long positions compensate short positions. GRAM, formerly recognized as Toncoin, stands apart with funding near negative 60%, pointing to crowded bearish positioning.
CVD mixed: Cumulative volume delta (CVD) measures aggressive market-order buying against selling adjusted for open interest, and current figures are mixed across assets. GRAM, hedera, and tron register the strongest market-order buying activity, whereas zcash, uniswap, and XRP exhibit the highest volume of sell orders.
Majors see little activity: BTC’s notional open interest grew 0.70% alongside a 0.25% price increase. ETH open interest advanced 0.72% while its valuation dipped 0.35%, and solana open interest expanded 1.94% as its price declined 1.06%. These shifts are modest, yet all three assets drew inflows even as prices stagnated or fell.
HYPE and XRP see money leave: Open interest for HYPE contracted 1.14% despite a 1.62% price appreciation, demonstrating capital exiting during the uptrend. For XRP, open interest dropped 3.83% alongside a 0.69% price contraction, with XRP also displaying substantial market-order selling pressure.
ZEC OI decline is mostly price effect: ZEC open interest diminished 3.31% against a 5.41% depreciation in price. Because open interest contracted by a smaller margin than the price drop, the reduction stems primarily from asset devaluation rather than significant capital flight, although ZEC does exhibit the heaviest market-order selling on the CVD charts.
AVAX sees capital inflows: Open interest in AVAX, the native coin of the Avalanche ecosystem, surged 13% over 24 hours alongside a 5% price increase, signaling that futures capital inflows exceeded what the price action alone would dictate. The CVD reading registers negative, reflecting a skew toward market-order selling despite the price rally, and annualized funding sits near negative six percent, indicating short positions pay longs. This upward momentum followed Ava Labs’ November 9 announcement that Avalanche will serve as the primary ledger for clearing and settlement on an NYSE-affiliated tokenized securities venue.
Options skew favors puts in BTC: Within bitcoin options, the 25-delta skew remains positive across all expiry windows, registering near 10% for the one-week horizon, which implies puts command a premium relative to calls. One-week at-the-money implied volatility, representing expected price fluctuations among traders, rests around 38%. Put options dominate the most actively traded contracts, led by the 74,000 strike put expiring on November 13.
ETH options volume leans to calls: For ether options, the one-week skew is likewise positive at roughly 11%, meaning puts still hold a premium, though trading volume concentrates primarily in call options, spearheaded by the 2,600 strike call expiring December 25. At-the-money implied volatility remains steady across expiries between approximately 53% and 54%.

Token talk

Avalanche (AVAX) has gained 5% over the prior 24 hours following the decision by the New York Stock Exchange to select the blockchain for clearing and settlement on its upcoming 24/7 tokenized securities marketplace. The token eased 2.6% since midnight UTC. XDC Network, a layer-1 network dedicated to real-world asset tokenization, outperformed the CoinDesk 100 on Tuesday, advancing 7% since midnight UTC.
Privacy tokens surrendered the relative momentum gained last week. Monero (XMR) dropped 7.8% over the past 24 hours and zcash (ZEC) fell 6.3% as market participants rotate capital toward real-world asset tokens.
Hyperliquid (HYPE) debuted on South Korea’s leading exchange Upbit at 06:00 UTC, yet traded down 0.9% since midnight UTC near $74.50, sitting roughly 22% below its late October peak of $96.
Pieverse (PIEVERSE), an initiative enabling AI agents to execute transactions through messaging platforms such as Telegram and WhatsApp, emerged as a top daily gainer with a roughly 30% increase. The project hinted at an AI agent trading desk via X over recent days though an official launch has not yet been announced.
CoinMarketCap’s Altcoin Season index stands at 40 out of 100, marking a sharp decline from last month when it registered at 62 out of 100.