Yesterday's high-volume rally did not hold: BTC fell 5.16% over the past 24 hours to 76,132.10 USDT. Trading was busier, yet price returned to the area before yesterday's rebound. Short-term net buying has recovered, so the outlook for the next 24 hours is range-bound. The key question is whether the decline can stabilize rather than extend into a one-way move.
Heavy selling erased yesterday's rebound
BTC traded between 80,888.00 USDT and 75,158.00 USDT over the past 24 hours and closed near the lower end. Yesterday's 4.31% rise gave way to a 5.16% fall, showing that the recovery did not last. Volume reached 269,863 BTC, above the historical mean of 146,162 BTC across 180 comparable periods at the same cutoff time; only about 12 periods traded more. More activity on a falling day points to meaningful selling pressure, rather than a stray move in a quiet market. Price is also below its 10-day average of 78,403.77 USDT. A short-term recovery would look more convincing if BTC regained that area.
BTC price and volume over 30 days: heavy selling followed yesterday's rebound.
Buying at the lows tempers the bearish case
The short-term trend in active buying minus active selling turned positive at 98 BTC, versus negative 215 BTC in the previous daily report. That does not undo the day's fall, but it shows buyers stepping in after the selloff and supports watching for a range-bound recovery over the next 24 hours. Five-day ETF flows showed net outflows of 10.83 hundred million US dollars, narrower than yesterday's 18.01 hundred million US dollars. That is some relief, though money is still leaving on this measure, so it does not establish a broad return of capital. The combined signal is mildly constructive and conflicts with the heavy-volume decline. A single directional clue is insufficient here.
BTC price and active buying minus active selling over 30 days: watch whether buying at the lows persists.
Tight risk sentiment still calls for price confirmation
The VIX measures broader risk aversion. Its current deviation was exceeded in only about 1 of 180 comparable periods, pointing to a difficult backdrop for volatile assets, though it cannot explain BTC's daily fall on its own. 7-day stablecoin supply growth was negative 1.27%, another sign of a tight capital backdrop. If price retakes the area around 78,403.77 USDT, volume stays active and net buying remains positive, this range-bound view should be reassessed toward a stronger recovery. If BTC breaks below 75,158.00 USDT again while buying weakens, downside pressure may persist. For now, price and buying give mixed evidence; their next move together matters most.
Data note: Data are current through 2026-11-06 09:15 UTC+8. The current period covers the aligned past 24 hours; historical comparisons use 180 periods at the same cutoff time.
Disclaimer: This report was prepared by dboqo using market data through 2026-11-06 09:15 UTC+8. Cryptocurrency markets are highly volatile. This report is an objective analysis of market conditions and does not constitute investment advice. Investors should assess risks independently and make decisions with care.