PANews|Nov 10, 2026 14:26
[CryptoQuant: Bitcoin's Multiple Indicators Turn Bearish, Market at the Critical Point of Local Bottoming and Deep Correction] According to CryptoQuant's latest report, Bitcoin has fallen 9% in the past 30 days and retreated 15% from its September high. The Bullish Rating Index has plummeted from 90 to 20, entering extremely bearish territory; apparent demand has shrunk by 284,000 BTC in the past 30 days, USDT's market capitalization has decreased by $6.6 billion in the past 60 days, and traders' unrealized returns have fallen to -6%. Bitcoin has broken below the 365-day moving average at $76,400, with $73,200 as a key support level. The report predicts that it may bottom out in the $70,000 to $76,000 range in the coming weeks, but this has not yet been confirmed; a break below key support could trigger a deeper correction.
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