[CryptoQuant: Bitcoin's Rebound Momentum Weakens, Weak Spot Demand Still Constrains Gains] Odaily Planet Daily reports that CryptoQuant, in an article on the X platform, stated that Bitcoin's rebound after regaining the $80,000 mark failed to continue, subsequently falling back to the $75,000-$76,000 range, primarily due to a significant sell-off in US tech and AI stocks. The key issue remains weak spot demand: while futures market positioning improved at one point, spot buying has not yet recovered, making it difficult to support a sustained rise. On-chain data shows that approximately 11,003 BTC flowed out of exchanges on November 5th, and the 60-day cumulative increase indicator for wallets holding more than 10,000 BTC also turned positive; however, the amount of BTC flowing into Binance by retail investors has increased significantly, indicating that short-term holders may still face selling pressure. Furthermore, Bitcoin ETF fund flows remain weak weekly, and stablecoin liquidity has not yet recovered. CryptoQuant believes that the current selling pressure may be easing, but for Bitcoin to achieve a sustained rebound, new buying is still needed. The key focus should be on whether the support range of $73,000 to $76,000 can be held, and whether spot demand, ETF fund flows and stablecoin liquidity improve in tandem.