Bitcoin price action fell to its lowest levels since mid-August as Nvidia reports added to sell-side pressure across stock-market futures.
Bitcoin (BTC) fell to about $73,500 late Sunday, its lowest level since August, as more than $1 billion in leveraged crypto positions were liquidated ahead of this week’s US inflation reports.
Bitcoin slipped below $74,000 shortly before Sunday’s weekly close, extending last week’s losses, TradingView data showed.
About $1.12 billion in leveraged crypto positions were liquidated in the 24 hours through 9 am UTC Monday, according to CoinGlass.
Bitcoin fell below its 50-week simple moving average (SMA) of $75,492 and approached its 21-week SMA of $73,078.
Bitcoin also traded below the short-term holder cost basis, which CryptoQuant put at $75,691 on Monday. The metric estimates the average cost basis of coins that last moved less than 155 days ago.
A CryptoQuant community analyst put the cost basis for coins that last moved one to three months ago at about $79,300. The analyst said that level could act as resistance if recent buyers sell as they break even.
“In 2026, price stayed below this line for months at a time (Feb–Apr, Jun–Aug) before reclaiming it,” the analyst wrote Monday.
Trader Rekt Capital said Sunday that selling volume would need to rise before sellers showed signs of exhaustion.
“Seller Exhaustion tends to happen exactly at or very close to a Bitcoin price bottom,” Rekt Capital wrote on X.
Nvidia’s board said Sunday it had launched an independent investigation into reports that CEO Jensen Huang was targeted by a foreign intelligence effort.
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