[Market Brief] Bitcoin pulled back more than 4% this week, raising concerns about capitulation-style selling, but on-chain data is showing mixed signals. CryptoQuant: $BTC rebounded from $75,000 to $87,000 over the past three weeks, and in the last 24 hours short-term holders sent 45,600 BTC to exchanges, including 29,100 BTC transferred at a loss, marking the largest loss-making inflow since June; U.S. government holdings fell to 174,481 BTC. Santiment says: from October 2–8, realized profits exceeded losses by $3.3 billion, with no net daily losses, suggesting the correction is profit-taking rather than capitulation, and may even be a bear trap. As long as the $74,600 cost basis holds, the bull market structure remains intact.

(Source: X)
#BTC #On-chain Data
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