Daily ₿itcoin Report 11/11/2026
PRICE
Close $73,789 | High $74,737 | Low $73,110 | +0.12%
Flat, and that's the point. Yesterday's CPI was hot, the Fed math got worse, and bitcoin went sideways. It's holding a few hundred above the 200-day.
TECHNICAL
Trend Exhaustion 22.08
Down from 24.49 and back near the bottom of its range. The 200-day at $73,200 is still the floor everyone's watching. Above, CryptoQuant flags the 365-day at $76,400 as the line that has to be reclaimed before the structure turns.
ON-CHAIN
ETF selling is decelerating fast. Four straight outflow days, but look at the slope: −$430M Thursday, −$412M Friday, −$201M Monday, −$95M Tuesday. The bid isn't back, but the exit is emptying.
CryptoQuant's Bull Score Index has fallen to 20 from 90 on October 13. Last time it printed 20 was April 2025, right before that bottom. They're explicit that it can also mark the start of something worse, so take it as what it is.
The liquidity problem is real though. USDT's market cap has shrunk $6.6B in 60 days, the biggest contraction since their data starts in 2022, and the Coinbase Premium has been negative for 30 straight days. Stablecoin growth funded every rally this cycle.
NEWS
December hike odds are now sitting in the mid-to-high 80s depending on who you ask, up from a market that still gave a hold better than 30% a week ago.
Nasdaq futures rose 1.7% on CoreWeave's earnings beat and bitcoin didn't follow. Third session in a row it's sat out an equity rally.
On Deribit, eight of the ten most active contracts expiring through Nov 27 are puts struck between $69,000 and $74,000. Implied vol is only 36–38%, so people are hedging without panicking.
WHERE WE STAND
The tape ate a hot CPI and barely moved. That matters more than another red day would have.
The honest picture is a market with no fuel: stablecoins draining, US demand negative for a month, nobody chasing the equity bounce. But the selling pressure that caused the damage is visibly running down ETF outflows have shrunk 78% in four sessions, and loss-driven selling fell 70% before that.
$73,200 holds or it doesn't. Everything else is noise until it resolves.