Bitcoin Bottom or Deeper Correction? The Data Points Both Ways

Bitcoin (BTC) price has slid 8.55% over the past week, trading at $73,752, per BeInCrypto Markets. An AI stock sell-off and rising rate-hike bets hit risk assets, and crypto has yet to recover.

The slide has also set off a run of bearish signals across the market. Whether they mark a bottom or the first leg of a deeper Bitcoin correction is still an open question.

Why Some Data Points to a Bitcoin Bottom

CryptoQuant traced the slide to profit-taking, a hawkish Federal Reserve (Fed), the Binance hack, and the midterms. Hotter-than-expected October inflation data on November 10 then deepened the drop.

Still, some of this data has marked bottoms before.

CryptoQuant’s Bitcoin Bull Score has dropped to 0 from 90 on October 13. Its last comparable collapse came in April 2025. The score hit 20 then and recovered to 80 within two months as the market bottomed.

Today’s reading, however, sits below that April low.

Apparent demand also fell by 284,000 BTC in 30 days. Drops this large marked local bottoms in March 2025 and June to July 2026, the firm said.

Glassnode said the slide cleared most nearby long liquidation levels. Since November 5, buy orders near price on Binance and Coinbase have outweighed sell orders every hour.