BTC has rebounded from its lows and has so far held a higher low than in the previous daily report, but it remains below its short-term average. It rose 1.01% over the past 24 hours to 74,692.70 USDT, shifting the next 24-hour outlook from bearish to bullish. This is still an early recovery: funding rates show elevated costs for bullish perpetual positions, and buyers need to demonstrate that they can sustain demand.
A higher low supports recovery, but the average remains out of reach
The previous report focused on the drop to 73,333.00 USDT. The low in the latest 24-hour window was 73,715.10 USDT, with a rebound as high as 75,547.70 USDT. The earlier low was not revisited, suggesting buyers have stepped in below the market. The gain also shows that prices have done more than simply stop moving. Volume over the past 24 hours was 133,398 BTC, near the middle of the historical range. Trading participation is broadly normal, so the earlier description of a quiet, low-volume market no longer fits this window.
Even so, the latest price remains below the 10-day average of 76,838.18 USDT and has retreated from the window's high. The higher low is the main price evidence for a short-term bullish outlook; the retreat shows that buyers do not yet have lasting control. Combined signals lean bullish, consistent with the recovery from the lows, while the broader downtrend remains. What matters next is whether pullbacks hold above the higher low and whether renewed rallies retain their gains.
BTC price and volume over the past 30 days: the rebound remains within the area of the earlier decline.
High funding rates put more weight on sustained buying
Funding rates measure payments between buyers and sellers of perpetual contracts. The average this period was positive 0.009887%, above the historical mean of positive 0.005004%. Of 180 comparable windows with the same cutoff, only about 6 had higher rates. Traders remain willing to pay for bullish exposure, yet the price has not reclaimed its short-term average. That willingness has not translated into a durable advance. High funding alone does not predict a decline, but it makes continued buying support more important.
BTC price and perpetual funding rates: bullish exposure is costly, while the recovery still needs to continue.
Supply is still shrinking; watch whether the higher low holds
Stablecoin supply growth over the past 7 days was negative 1.38%, while ETF flows over the past five days remained negative. The wider funding backdrop has not strengthened alongside the short-term rebound. This is the main counterweight to the bullish outlook: a higher low does not by itself establish a lasting advance. A break below 73,715.10 USDT, accompanied by expanding volume and stronger aggressive selling, would require a reassessment of the bullish view. Reclaiming 75,547.70 USDT and holding it on a pullback would make the recovery more convincing.
Data note: Data as of 2026-11-10 15:15 UTC+8. The current window covers the past 24 hours; historical comparisons use 180 windows with the same cutoff. This report has a later cutoff than the previous one, and each return refers to its respective 24-hour window.
Disclaimer: This report was prepared by dboqo using market data as of 2026-11-10 15:15 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.