Crypto analyst CrypNuevo posted his Sunday Bitcoin update on November 8 2026, previewing an eventful week centered on CPI and PPI inflation prints plus liquidation clusters, open interest and a long wick.

Bitcoin drops below $77,000 after hotter PPI triggers $190M long liquidations, with BTC at $77,180 testing lower Bollinger support amid bearish EMA50 resistance.

US inflation data including CPI and PPI takes center stage this week alongside Existing Home Sales, OPEC, Retail Sales and Consumer Sentiment.

According to Charlie Bilello, US Producer Prices increased about 4.8% per year over the last five years and more than 26% in total. According to Charlie Bilello, this trajectory makes the Federal Reserve’s 2% inflation goal unrealistic in practice. According to Charlie Bilello, the Fed should not cut interest rates this year, implying firmer policy for longer. According to Charlie Bilello, traders should reassess rate cut expectations, with potential support for Treasury yields and caution for rate sensitive equities under a higher-for-longer monetary policy stance.

According to @StockMKTNewz, the U.S. Bureau of Labor Statistics will not publish a standalone October Producer Price Index and will include the October figures in the November PPI report, consolidating the data release into a single window that traders should account for in their macro-event calendars (source: @StockMKTNewz).

According to @KobeissiLetter, September headline PPI rose 2.7% year over year versus 2.6% expected, while core PPI eased to 2.6% versus 2.7% expected, indicating a mixed inflation signal for markets (source: @KobeissiLetter). They state that PPI inflation is less concerning than the weakening labor market, shifting focus to growth risks over price pressures (source: @KobeissiLetter). They add that a December Fed rate cut is now anticipated, implying a potential pivot toward easier policy (source: @KobeissiLetter). For crypto traders, the combination of a softer core print and rising rate-cut odds can support risk appetite for BTC and ETH, though the headline PPI beat may temper immediate upside until yields and dollar traction confirm the move (source: @KobeissiLetter).

According to @KobeissiLetter, this short holiday week clusters 10 key US macro events: September PPI (Tuesday), September Retail Sales (Tuesday), November Conference Board Consumer Confidence (Tuesday), October Pending Home Sales (Tuesday), US Q3 2025 GDP (Wednesday), September Durable Goods Orders (Wednesday), September PCE inflation (Wednesday), September New Home Sales (Wednesday), US markets closed for Thanksgiving (Thursday), and a 1 pm ET early close (Friday), source: The Kobeissi Letter. According to @KobeissiLetter, the Thursday closure and Friday early close compress event risk into Tuesday and Wednesday, a schedule crypto traders can use to plan liquidity and volatility management around headline inflation and growth prints, source: The Kobeissi Letter.