Bitcoin Is ‘Running on Empty’ as Price Bets and Hedges Shift: Glassnode

Bitcoin’s weakening market structure has prompted fresh scrutiny of its next move, with Glassnode’s Nov. 11, 2026, report warning that capital is departing even as larger investors accumulate. Meanwhile, options traders are hedging downside exposure, and prediction markets are assigning increasingly cautious probabilities to bitcoin’s recovery. Glassnode published its latest assessment on the social media platform X on Wednesday, Nov. 11, under the rather ominous title “Running on Empty.” Its central argument is that bitcoin’s price recovery prospects are being constrained by disappearing liquidity, weakening American demand, and mounting pressure on relatively recent investors. “Bitcoin has slipped below the short-term holder cost basis at $75.6K and trails stocks, while the capital that could lift it keeps leaving,” Glassnode explained.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Bitcoin.com News.