#bitcoin
đ Bitcoin cools off near $83,300: why has the rally stalled despite a record "Bull Score"?
Even though the "Bull Score" indicator from CryptoQuant analysts hit 90 out of 100 points (typically signaling a bull market), Bitcoin's rally is beginning to lose momentum. After reaching an 8-month high near $87,400, the price pulled back to $83,300.
Why has the market stalled, and what comes next? Here is a breakdown of the key factors from the latest CryptoQuant report:
âĄď¸ Drop in spot demand: Over the last 30 days, spot demand volume has contracted by approximately 170,000 $BTC . The market simply cannot absorb the available coins fast enough.
âĄď¸ Collapse in futures interest: Speculative demand for futures plummeted by a staggering 90% in just 15 daysâdropping from 164,000 BTC (September 14) to 16,000 BTC (September 29).
âĄď¸ Profit-taking: Recent buyers are sitting on an average unrealized profit of around 33% (the highest level since December 2024). Investors are actively cashing out; on September 22 alone, profits were realized on 25,700 BTC (a record for the year).
âĄď¸ Altcoin inflows to exchanges: 76,000 altcoin deposits were sent to exchanges over a 7-day periodâthe highest figure since October 2025. Willingness to sell is rising.
đ¨ "It is difficult for the rally to continue without fresh demand. With spot demand shrinking and the rise in futures stalling, further gains in the near term will be challenging," notes Julio Moreno, Head of Research at CryptoQuant.
đ Whatâs next?
Traders and investors are holding their breath ahead of key US inflation data. Lower figures could boost expectations for rate cuts and give cryptocurrency a fresh boost, whereas high inflation would strengthen the dollar and put pressure on risk assets.
đ Bitcoin cools off near $83,300: why has the rally stalled despite a record "Bull Score"?
Even though the "Bull Score" indicator from CryptoQuant analysts hit 90 out of 100 points (typically signaling a bull market), Bitcoin's rally is beginning to lose momentum. After reaching an 8-month high near $87,400, the price pulled back to $83,300.
Why has the market stalled, and what comes next? Here is a breakdown of the key factors from the latest CryptoQuant report:
âĄď¸ Drop in spot demand: Over the last 30 days, spot demand volume has contracted by approximately 170,000 $BTC . The market simply cannot absorb the available coins fast enough.
âĄď¸ Collapse in futures interest: Speculative demand for futures plummeted by a staggering 90% in just 15 daysâdropping from 164,000 BTC (September 14) to 16,000 BTC (September 29).
âĄď¸ Profit-taking: Recent buyers are sitting on an average unrealized profit of around 33% (the highest level since December 2024). Investors are actively cashing out; on September 22 alone, profits were realized on 25,700 BTC (a record for the year).
âĄď¸ Altcoin inflows to exchanges: 76,000 altcoin deposits were sent to exchanges over a 7-day periodâthe highest figure since October 2025. Willingness to sell is rising.
đ¨ "It is difficult for the rally to continue without fresh demand. With spot demand shrinking and the rise in futures stalling, further gains in the near term will be challenging," notes Julio Moreno, Head of Research at CryptoQuant.
đ Whatâs next?
Traders and investors are holding their breath ahead of key US inflation data. Lower figures could boost expectations for rate cuts and give cryptocurrency a fresh boost, whereas high inflation would strengthen the dollar and put pressure on risk assets.
