Bitcoin Price Outlook Weakens as Glassnode Warns of Liquidity Shortage and Rising Market Uncertainty

Bitcoin is facing increasing market pressure as declining liquidity, weakening investor demand, and cautious trading activity raise concerns about its near-term price recovery.

According to Glassnode’s November 11, 2026, report, Bitcoin has fallen below the short-term holder cost basis of $75,600, leaving many recent investors holding unrealized losses. The cryptocurrency market has experienced significant capital outflows, with stablecoin supply shrinking by $14.2 billion over 30 days and US spot Bitcoin exchange-traded funds (ETFs) recording approximately $1.6 billion in net withdrawals across 20 trading sessions. Meanwhile, Bitcoin options open interest stands near $33 billion, with traders increasingly purchasing downside protection despite continued interest in bullish positions. Prediction markets also reflect growing uncertainty, with Polymarket assigning only a 6% probability of Bitcoin reaching $100,000 before the end of 2026.

However, Glassnode identified some encouraging signals, including renewed accumulation by large Bitcoin holders controlling between 100 and 10,000 BTC and stronger buy orders around the $68,000 to $72,500 range. Analysts are closely monitoring the $75,600 resistance level and the $73,000 support area, as Bitcoin’s ability to recover will largely depend on renewed capital inflows and stronger institutional demand. Despite ongoing bearish sentiment, whale accumulation and reduced leveraged selling pressure suggest that Bitcoin’s longer-term market structure could remain resilient if buying momentum returns.

Clever Robot News Desk 12^th November 2026