From Cointelegraph · By William Suberg
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.
Key points:
Bitcoin hit its lowest level since Aug. 21 shortly before Sunday’s weekly close, then briefly recovered above $75,000.
Nasdaq 100 futures swung between gains and losses after Nvidia’s board announced an investigation into whether CEO Jensen Huang was targeted by a foreign intelligence effort.
US consumer and producer price reports are due Tuesday and Friday, respectively. Economist Robin Brooks said falling oil prices could lift Bitcoin.
Crypto liquidations top $1.1 billion
Bitcoin slipped below $74,000 shortly before Sunday’s weekly close, extending last week’s losses, TradingView data showed.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
About $1.12 billion in leveraged crypto positions were liquidated in the 24 hours through 9 am UTC Monday, according to CoinGlass.
Crypto liquidations over 24 hours. Source: CoinGlass
Bitcoin fell below its 50-week simple moving average (SMA) of $75,492 and approached its 21-week SMA of $73,078.
BTC/USD one-day chart with 21-week and 50-week SMAs. Source: Cointelegraph/TradingView
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.
Bitcoin investor cohort cost-basis data. Source: CryptoQuant
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.
Bitcoin recent buyer profitability data (screenshot). Source: CryptoQuant
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.
BTC/USD one-week chart with volume data. Source: Rekt Capital on X.com
Nasdaq futures swing after Nvidia announces probe
Nvidia’s board said Sunday it had launched an independent investigation into reports that CEO Jensen Huang was targeted by a foreign intelligence effort. The board said it had no reason to believe US national security or company secrets had been compromised. China’s foreign ministry denied the spying allegations on Monday.