CoinGecko and exchange spot data put Bitcoin (BTC) at $74,759, down 1.49% over 24 hours as of 12:47 UTC on Nov. 9, while CryptoQuant’s on-chain reading showed coins moving at a slight aggregate loss.
CryptoQuant’s spent output profit ratio (SOPR) uses 1 as its break-even mark. The Nov. 9 reading was 0.9991, just below that level and consistent with aggregate losses on moved coins.
The same snapshot put exchange reserves at 2,580,738 BTC, unchanged from the prior reading, with net exchange movement at 0 BTC. Trading volume reached $26.97 billion, up 202.38%. The volume surge records greater turnover, but does not show whether the decline has run its course.
Alternative’s Fear and Greed Index registered 29, compared with 28 in the preceding reading and 37 a week earlier. An Oct. 31 EconoTimes Bitcoin trading snapshot showed a SOPR reading of 0.9933, reserves of 2,455,136 BTC and a net exchange outflow of 14,437 BTC.
