# Bitcoin (BTC) Bull Score Falls to Zero as U.S. Spot Demand Stays Soft By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/55170 Published: 2026-11-12T09:16:02.000Z Updated: 2026-11-12T09:16:02.000Z Section: Investing > The score fell from 20 on Nov. 10 after standing at 90 on Oct. 13. Earlier demand contractions aligned with local lows, but U.S. spot demand remained soft. Bitcoin (BTC)’s Bull Score reached zero on Nov. 11, its most bearish possible reading, adding a new extreme to market signals that leave a local bottom and a deeper correction both in play. CryptoQuant research head Julio Moreno said Nov. 11, “Our Bitcoin Bull Score is at 0, the most bearish it can be.” The score stood at 20 on Nov. 10, down from 90 on Oct. 13; its [earlier fall to 20]() was covered the previous day. Over a 30-day period, apparent Bitcoin demand shrank by 284,000 BTC—the steepest contraction since March 2025. Similar contractions coincided with local lows in March 2025 and June–July 2026, while the Coinbase Premium Index was negative on all 30 days, alongside soft U.S. spot demand. The score also hit 20 in April 2025, then climbed to 80 over the following two months as Bitcoin bottomed; it never reached zero during that episode. The current reading does not confirm whether the market is forming another local low or entering a deeper correction. ## Links in this article - [earlier fall to 20](https://www.tokenpost.com/news/investing/54074)