In a report covered by Jinse Finance on November 10, 2026, at 22:38 (UTC+8), CryptoQuant described weakening Bitcoin market conditions. Bitcoin had fallen 9% over the preceding 30 days and was 15% below its September high. CryptoQuant’s bull-market score had dropped from 90 to 20, a range the report characterized as extremely bearish.
The report also cited a 284,000 BTC contraction in 30-day apparent demand, a $6.6 billion decline in USDT market capitalization over 60 days, and a fall in traders’ unrealized return to −6%. These measures describe demand, liquidity and trader positioning; none, on its own, establishes Bitcoin’s fair value.
Bitcoin had fallen below its 365-day moving average of $76,400. CryptoQuant identified $73,200 as key support and expected base-building between $70,000 and $76,000 over the following weeks. It warned that a break below key support could lead to a deeper correction. That range was a conditional market outlook, not a valuation target.