Crypto Market Suffers Early-Week Sell-Off as ETF Outflows Surge

On November 9, 2026, the cryptocurrency market experienced a sharp downside shift, decoupling from a strong recovery across global traditional equities.

Driven by a wave of institutional ETF withdrawals and tightening macroeconomic expectations, cryptocurrencies faced steep selling pressure heading into the week. 

Price Pullbacks

Early Monday trading saw Bitcoin (BTC) break down from its weekend range, dropping to a low of $73,510 before stabilizing near $74,800. While Ethereum (ETH) followed suit, touching a low of $2,060 before hovering around the $2,125 level.

U.S. spot Bitcoin ETFs recorded roughly $412 million in net daily outflows exiting the preceding week, bringing total weekly net withdrawals to over $1.28 billion. This prolonged streak of redemptions pushed net 2026 ETF balances back toward flat territory.

Mining Difficulty Adjustment

On-chain data from mempool.space indicated that Bitcoin’s network mining difficulty is projected to decrease by 6.4% at its next adjustment, reflecting a potential hash rate drop as some miners temporarily power down equipment amid squeezed margins at sub-$75,000 prices.

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