PANews reported on November 10, 2026, that a CryptoQuant report showed Bitcoin had declined 9% over the previous 30 days and had retraced 15% from its September high. The bull-market score index had dropped sharply from 90 to 20 and entered an extremely bearish range. Apparent demand over 30 days had contracted by 284,000 BTC, the market capitalization of USDT had fallen by $6.6 billion over 60 days, and traders’ unrealized return rate had declined to −6%.
Break of the 365-Day Moving Average
According to the same report, Bitcoin had fallen below its 365-day moving average at $76,400. CryptoQuant identified $73,200 as a key support level.
Unconfirmed Base Versus Deeper Correction
The report projected that Bitcoin could form a bottom in the $70,000 to $76,000 range over the following weeks, while stating that a bottom had not yet been confirmed. It added that a break below the key support could open a deeper pullback.
