I don't see anything wrong with that bit
I think you hit a very difficult rock in that concrete.
I have had that happen where I hit a rock that just about stops the bit.
I go,to the next hole and the but drills just fine again
Try drilling into the hole with a smaller bit, like half the size then go back to the size you want
Bob
Did you hit rebar?![]()
that bit looks like a bosche brand from home depot.
Edit: looking at the blue tape on the bit the hole he is drilling is not more than 2" inches not likely to be a rebar.