Bitcoin Recovery Faces Reality Check: Cycle Conditions Remain Subdued Bitcoin recovered to $81,000 after a selloff, but has fallen back to $76,000, indicating continued volatility and uncertainty in the market. CryptoQuants indicators suggest that Bitcoin is in a corrective phase, with little evidence of a decisive extreme-cyclical signal, and further downside risk remains possible. US-traded Bitcoin ETFs saw initial inflows in November after significant exits in October, while Switzerland approved its first retail Bitcoin ETF, allowing for broader access to BTC investments.