Stock Market LIVE Updates, Sensex Today: Sensex Drops 130 Points Lower, Asian Markets Rebound

"Bitcoin and Ethereum continue to trade below their key 4-hour moving averages. BTC is around $75,000 after testing the $73,500-$74,000 zone, while ETH is near $2,140 following a break below $2,200-$2,230. Ethereum has declined more than Bitcoin, with selling volume rising in both markets. For a recovery, BTC needs to move above $75,987-$76,974, while ETH needs to regain $2,229-$2,262.

ETF data also points to reduced institutional exposure. Bitcoin funds saw $1.28 billion in net withdrawals, while Ethereum funds lost $365 million in the week ending November 6. 

On-chain figures show a different trend for the two largest cryptocurrencies. Bitcoin exchanges recorded net outflows of approximately 4,655 BTC on November 7, whereas Ethereum exchanges saw net inflows of around 29,820 ETH over seven days. This suggests exchange-flow data is relatively more supportive for Bitcoin than Ethereum, which is consistent with ETH's weaker price performance.

With ETF demand weak and ETH exchange inflows continuing, both markets remain under pressure. The next key test is whether BTC can hold $73,500-$74,000 and ETH can defend the $2,060-$2,100 zone."