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Bitcoin Falls 1.43% as Trading Volume and Active Wallets Decline

CryptoQuant data showed $22.17 billion in trading volume and 645,477 active wallets, while exchange reserves rose and sentiment remained in fear territory.

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A Bitcoin token rests beside a phone on a rain-darkened ledge in Seoul, South Korea. / TokenPost.ai (macro)
A Bitcoin token rests beside a phone on a rain-darkened ledge in Seoul, South Korea. / TokenPost.ai (macro)

A CryptoQuant snapshot through 8 a.m. ET Thursday put Bitcoin at $72,794.61, 1.43% lower over 24 hours, with turnover and active-wallet counts also down.

Trading volume was $22.17 billion, down 23.25% from the previous reading. Active wallets totaled 645,477 on Nov. 11, compared with 702,844 in the prior observation, CryptoQuant data showed.

CryptoQuant recorded net exchange inflows of 4,767 BTC, while reserves increased 0.18% to 2,603,289 BTC.

CryptoQuant's Fear and Greed Index eased to 28 from 29 in the previous reading and 50 a week earlier. Its spent output profit ratio (SOPR) was 0.9991, just under 1, indicating a small aggregate loss on coins spent on-chain.

CryptoQuant's snapshot also put the funding rate at 0.0073%, or 8.0% annualized. The data described positive funding as indicating a preference for long positions; the reading had risen from the previous observation, while the funding regime remained neutral.

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