Bitcoin could fall toward $65,000 if losses in AI and semiconductor stocks trigger broader portfolio liquidation, Russell Thompson, chief investment officer at Swedish crypto firm Hilbert Group, warned, according to Crypto Briefing as cited by PANews.
The PANews report was published on November 10, 2026, at 08:17:52 UTC+8. Bitcoin was trading near $74,200 at the time.
Price levels and fund flows
Thompson identified $71,900 as key trendline support. If Bitcoin broke below that level, he said, $65,000 would come into focus, with limited technical support near the psychological $70,000 mark. This was a conditional downside scenario, not a confirmed outcome.
The report also noted approximately $1.2 billion in net Bitcoin ETF outflows during the preceding week, alongside stronger demand for downside protection in the options market. These measures describe fund flows and hedging demand, not growth or decline in crypto user adoption.
A bearish near-term view, with a recovery expectation
Despite his cautious short-term outlook, Thompson expected capital leaving AI and technology stocks eventually to support a crypto-market recovery. That remained his forecast; the report did not establish that those funds had already moved into crypto or specify when such a shift might occur.