TREE NEWS reports: Bitcoin failed to sustain its rebound after reclaiming $80,000 and fell back to the $75,000-$76,000 range, pressured by a sharp selloff in US tech and AI stocks, CryptoQuant said. Spot demand remains weak: futures positioning improved briefly but spot buying has not recovered, and ETF flows and stablecoin liquidity are still soft. About 11,003 BTC left exchanges on Nov. 5, while wallets holding over 10,000 BTC turned net buyers on a 60-day basis.
CryptoQuant: Bitcoin’s rebound stalls as spot demand stays weak
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AI take
The split between exchange outflows and still-soft spot demand is the real signal here: coins are leaving venues and large wallets are accumulating, yet that has not translated into sustained buying pressure. That divergence suggests the recent move was positioning-driven rather than demand-led, leaving the market vulnerable to the same equity risk-off sentiment that just knocked it back. Whether large-holder accumulation eventually shows up as ETF inflows and firmer stablecoin liquidity is the open question.
Generated by AI for reference only.
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