A newsflash published by Odaily on November 11, 2026 reported that CryptoQuant said Bitcoin analyst sentiment had become more bearish. Over seven days, the analyst consensus index fell from -1.0σ to -1.8σ. Over the same period, Bitcoin’s price retreated to around $73,000.
Positions behind the reading
In those seven days, CryptoQuant counted 149 analysts who still held a clear stance: 88 bullish and 59 bearish, with the bullish share put at about 62%. On an absolute basis the group remained slightly net bullish, but the consensus had declined sharply relative to its recent normal level. CryptoQuant said ETF outflows, inflation concerns, and weakness in the Nasdaq were weighing on market sentiment.
What the index measures
The index tracks bullish and bearish statements about Bitcoin by analysts covered by CryptoQuant on platforms including X, Seeking Alpha, and Substack. Views are aggregated one person, one vote, then compared with the normal level over the prior 90 days. A negative value means the current consensus is more bearish than that recent normal. A reading at or below -1.5σ is labeled a clearly bearish range. At -1.8σ, the index was inside that range under CryptoQuant’s own classification.
The reported move is a shift relative to the prior 90-day baseline. It is not a finding that most analysts with a stated view had turned bearish: the source still put the bullish share at about 62%.
Odaily, November 11, 2026, 19:40 UTC+8
