The previous report recorded a sharp fall on heavy trading. BTC is now nearly flat over 24 hours, but trading has cooled sharply. The price is 75,752.90 USDT, down just 0.09%; with far fewer trades, a pause in the decline does not yet show that demand has returned. Stablecoin supply continues to contract, so the 24-hour view is bearish. The key test is whether price can hold this area when trading picks up.
Trading slumps after the selloff, leaving the flat price unconfirmed
Volume over 24 hours is just 32,909 BTC, compared with 269,863 BTC in the previous published draft. It is also far below the historical mean of 147,550 BTC across 180 comparable periods ending at the same time of day; only about 2 periods had volume this low or lower. The intense selling seen earlier has not continued into another steep decline, which offers some relief. Yet a nearly unchanged price in such thin trading cannot confirm a rebound. BTC traded between 75,526.90 USDT and 76,210.40 USDT and remains below its 10-day average of 77,350.65 USDT. Compared with the earlier heavy-volume drop, the market now appears to be waiting for new buyers or sellers. If volume returns but price cannot leave this low range, the apparent stability deserves reassessment.
BTC price and volume over the past 30 days: trading cooled sharply after the selloff.
A tighter capital backdrop makes a quick recovery harder to trust
7-day stablecoin supply growth has fallen to negative 1.81%, below its historical mean of negative 0.26%; only about 1 of 180 comparable periods was this low or lower. This points to an unusually weak capital backdrop, although changes in supply cannot by themselves explain BTC's price move. Five-day ETF flows show net outflows of 12.95 hundred million US dollars, wider than the 10.83 hundred million US dollars recorded in the previous report. Neither measure supports a rapid recovery, so today's flat price needs confirmation from both volume and price. The combined signal remains cautious, in line with thin trading and contracting capital. Any short-term bounce still needs sustained participation.
Near-term buying offers a counterpoint to the bearish view
The near-term trend in active buying minus active selling is positive 76 BTC, showing that some buyers remain near the lows. The previous report's positive 98 BTC also suggested that buying had not vanished. This counterpoint limits the strength of the bearish case, but current trading is too thin to show whether buyers can persist. If price rises back above roughly 77,350.65 USDT with improving volume and active buying, the bearish view needs reassessment. If it breaks below 75,526.90 USDT as volume rises, pressure after the sideways pause may deepen. The next useful signal is which way price breaks when trading resumes.
BTC price and active buying minus selling over the past 30 days: watch whether buying near the lows persists.
Data note: Data are as of 2026-11-08 09:15 UTC+8. The current period is the aligned past 24 hours; historical comparisons use 180 periods ending at the same time of day.
Disclaimer: This report was prepared by dboqo using market data available as of 2026-11-08 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 prudent decisions.