Bull Score 90 out of 100. spot demand down about 170,000 BTC in 30 days
both CryptoQuant numbers, both true
the 90 jumped when $BTC
broke above its 365-day moving average last week. that's a trend line, it tells you where price has been
the demand side reads differently:
🔸 speculative futures demand growth: from about 164,000 BTC on Sept. 14 to 16,000 BTC on Sept. 29
🔸 recent buyers: average unrealized profit of 33%, widest since December 2024
careful with the first bullet. futures demand is still growing, just a lot slower
CryptoQuant's own head of research, Julio Moreno, calls it "Still a bull market — but showing signs of fatigue"
not in bitcoin right now, no bag to defend
the line I'm watching is the 365-day average near $80,000
if it breaks I'll write it up here the same day, follow if that's useful
#Bull #BTC #CryptoQuant
both CryptoQuant numbers, both true
the 90 jumped when $BTC
broke above its 365-day moving average last week. that's a trend line, it tells you where price has been
the demand side reads differently:
🔸 speculative futures demand growth: from about 164,000 BTC on Sept. 14 to 16,000 BTC on Sept. 29
🔸 recent buyers: average unrealized profit of 33%, widest since December 2024
careful with the first bullet. futures demand is still growing, just a lot slower
CryptoQuant's own head of research, Julio Moreno, calls it "Still a bull market — but showing signs of fatigue"
not in bitcoin right now, no bag to defend
the line I'm watching is the 365-day average near $80,000
if it breaks I'll write it up here the same day, follow if that's useful
#Bull #BTC #CryptoQuant
