Why is Bitcoin flat today, November 7, 2026: possible reasons
Bitcoin barely moved in the 24 hours to 05:53 UTC: up 0.5%, to $75,942. Along the way it dipped to $74,752 and climbed to $76,294, by Deribit data. ETH added 1.1% over the same day, to $2,247, between a low of $2,206 and a high of $2,252.
The sharpest move came between 07:30 and 09:30 UTC, when BTC rose from $75,272 to $76,042, a 1.0% climb. At 13:30 UTC the US jobs report landed, with economists expecting 65,000 new jobs after 29,000 last time. In the hour after it BTC slid from $75,962 to $75,549, down 0.5%.
At 14:30 UTC, when US stocks opened, the price barely moved in the next hour: $75,550 to $75,548. At 15:00 UTC the University of Michigan consumer sentiment reading came out, with economists expecting 48.1 after 46.3. BTC rose from $75,456 to $75,786 in the hour after it, up 0.4%, and timing alone does not prove a cause.
There are several possible explanations, and none is proven. The versions: US stocks stood still too, headlines covered the Binance hack and a Korean crash, jobs beat expectations, and BTC funds took money out.
One version: US stocks stood still too
Over the same day S&P 500 futures added 0.3% and Nasdaq 100 futures 0.5%, by Yahoo Finance data. The dollar index DXY rose 0.5%. BTC moved 0.5% in that time, so it sat in the same narrow band as stocks.
Moving together does not prove that one drags the other. There are days when Bitcoin goes its own way, and this one is a single day in a long series.
Another version: headlines on the Binance hack and a Korean crash
Over the day Cointelegraph reported on the Binance hack and said the hackers had been inside for eight weeks before the theft. The same outlet reported that Korea's KOSPI was halted after an 8% crash on fears of AI regulation. The Block reported that the US Treasury cut the exchange MEXC off from the US financial system.
A headline means the story was written about over the day, not that the event happened then. These stories coincided with the price in time without setting its direction: BTC still finished the day up 0.5%.
A third version: US jobs came in far above expectations
CoinDesk reported that the US economy added far more jobs in October than the 65,000 economists expected. The report landed at 13:30 UTC, and in the hour after it BTC slipped from $75,962 to $75,549.
A stronger report does not set a direction for Bitcoin. The hour's move was 0.5%, and by morning the price was back at $75,942, right where it had been a day earlier.
One more version: ETF funds were taking money out
BTC funds took out $1.1 billion between October 29 and November 4. An outflow that large over five days came in only 9% of five-day stretches since the funds launched. On November 4 alone the funds bought $74.6 million, so the last reported day was an inflow.
ETH funds took out $100.0 million on November 5 and $427.9 million over the five days to November 5. An outflow that size came in only 11% of five-day stretches since the ETH funds launched. Fund data for a day is published after the US close, so this is a picture of the previous days, not of this one.
An outflow is money taken out, not money lost. It coincides with a price that is not rising, but on its own it does not set a direction.
The week's macro: what economists expect and what the bets say
| When (UTC) | Event | Economists expect | Last time | Polymarket bets |
|---|---|---|---|---|
| Tue, November 10, 13:30 | US inflation (CPI), October, year on year | 3.7%: 86% of bets; 3.8%: 9% | ||
| Tue, November 10, 13:30 | US inflation (CPI), October, month on month | 0.3%: 43%; 0.2%: 34%; 0.4%: 9% | ||
| Tue, November 10, 13:30 | US inflation excluding food and energy, year on year | 2.6%: 90%; 2.7%: 7% | ||
| Tue, November 10, 13:30 | US inflation excluding food and energy, month on month | 0.2%: 46%; 0.3%: 36%; 0.1%: 14% |
The next Fed meeting is on December 9, with the current range at 3.75-4.00%. Rate futures give 76% to a move up to 4.00-4.25% and 24% to no change, by SoSoValue data as of November 7. On Polymarket 76% of bets are on a 25 basis point hike and 22% on no change, with $16.5 million wagered on that market.
Polymarket shows what bettors back. Bets follow price rather than lead it.
Questions and answers
Why is Bitcoin flat today?
In the 24 hours to 05:53 UTC BTC moved only 0.5%, to $75,942, and none of the possible explanations is proven. US stocks also stood still, and the day's headlines covered the Binance hack and the KOSPI crash. BTC funds took out $1.1 billion over five days. The jobs report at 13:30 UTC moved the price only 0.5% in the next hour.
What is the latest Bitcoin news?
Over the day Cointelegraph reported on the Binance hack and on Korea's KOSPI being halted after an 8% crash. CoinDesk reported US jobs for October far above the 65,000 expected, and outflows from Bitcoin funds. The Block reported that the US Treasury cut the exchange MEXC off from the US financial system.
What US data is out this week?
The next release is US inflation (CPI) for October, on Tuesday, November 10, at 13:30 UTC. On Polymarket 86% of bets are on 3.7% annual inflation and 43% on a 0.3% monthly rise. The Fed meets next on December 9, and rate futures give 76% to a move up to 4.00-4.25%.