Bitcoin’s rebound has lost momentum.

After recovering above $80,000, BTC fell back into the $75,000–$76,000 range as U.S. tech and AI stocks sold off sharply.

The key issue is still spot demand. Futures positioning improved temporarily, but spot buying has not recovered enough to support a sustainable uptrend.

There are also some constructive on-chain signals. Around 11,003 BTC reportedly left exchanges on Nov. 5, while the 60-day accumulation metric for wallets holding more than 10,000 BTC turned positive.

At the same time, retail-sized BTC inflows to Binance rose sharply, suggesting that shorter-term holders may still be under pressure.

ETF flows also remain weak on a weekly basis, while stablecoin liquidity has yet to recover.

My focus now is simple:

Can BTC hold the $73,000–$76,000 support zone?

More importantly, will spot demand, ETF flows, and stablecoin liquidity recover together?

Selling pressure may be easing, but a durable rebound still needs new buyers.

Written by XWIN Japan