[Bitcoin now] Bitcoin at $72,794 as volume and active wallets fall, fear persists

Bitcoin fell 1.43% to $72,794.61 as trading volume and active wallets declined, pointing to weaker market participation. Sentiment remained in fear territory, while on-chain spending showed losses narrowly outweighing profits and exchanges recorded net inflows.

As of November 12, 2026, at 13:00 UTC

Lower trading activity accompanied the price decline. Network participation also weakened, while positive funding rates indicated a continued preference for long positions.

📈 Price now: $72,794.61 (-1.43%) Bitcoin declined over the latest 24-hour period, remaining in the $70,000 range.

Trading volume: $22.17 billion (-23.25%) Turnover fell from the preceding period, indicating reduced trading participation alongside the price decline.

Daily return for November 11: +0.30% The latest five daily closing returns were +0.03% on November 7, -1.34% on November 8, +0.69% on November 9, -2.09% on November 10 and +0.30% on November 11. Gains and losses alternated, with the declines larger than the intervening advances. The final session's rebound was limited relative to the preceding fall.

Asset comparison: S&P 500 up, gold down The S&P 500 rose 1.31% to 7,619.38, while gold fell 1.28% to $3,936.29. Bitcoin's decline contrasted with the rise in equities.

MACD: daily -2,020; weekly 1,053 The negative daily reading indicated weaker short-term momentum. The positive weekly reading left the longer-term momentum signal pointing in the opposite direction.

❤️ Sentiment now: dominance 60.56% (+0.07%) Bitcoin's share of total cryptocurrency market capitalization increased slightly. A higher share indicates greater relative weight against other cryptocurrencies, but does not by itself establish market-wide capital inflows.

Fear and Greed Index: 28 (Fear) The index slipped from 29 in the previous reading. Its decline from 50 a week earlier showed a more pronounced deterioration in sentiment.

Google Trends score: 53 on November 11, versus 56 on November 10 The lower score indicated reduced search interest in Bitcoin.

🧭 Market now: SOPR 0.9991 The spent output profit ratio stood just below the break-even threshold, indicating that coins moving on-chain were, on aggregate, being spent at a slight loss.

Funding rate: +0.0073% (8.0% annualized) Funding remained positive, indicating a preference for long positions. The reading increased from the preceding observation, while the funding regime remained neutral.

Exchange reserves: 2,603,289 BTC Holdings increased 0.18%, expanding the amount of Bitcoin held on exchanges and potentially available for sale.

Exchange net flows: +4,767 BTC Exchanges recorded net inflows, adding to the supply held at trading venues. An inflow alone does not establish that the coins were sold.

Active wallets: 645,477 The November 11 count fell from 702,844 in the previous observation. Together with lower trading volume, the decline pointed to weaker network and trading participation.

This column is based on market data and indicator analysis.