📊 CryptoQuant's Bull Score Index has climbed to 90, following #bitcoin 's break above its 365-day moving average.
But there's a catch: buying demand is weakening.
🔥 $2.39B in weekly $BTC ETF inflows
📉 Spot demand: ~170,000 #BTC contraction over 30 days
⚡ Futures demand growth: down ~90% in 15 days
💰 Profit-taking: 25,700 BTC realized on Sept. 22
BTC recently pulled back from $87,400 toward $83K–$84K as resistance near $85K–$85.8K held.
Meanwhile, rising Treasury yields and upcoming inflation data could add more volatility.
The Bull Score signals broadly bullish conditions, but weaker spot demand and slowing futures activity raise questions about the rally's strength.
🎯 Resistance: $85K–$85.8K
⚠️ Support: $81.5K–$83K
Can Bitcoin reclaim $87K without a fresh wave of buyers? 👀
But there's a catch: buying demand is weakening.
🔥 $2.39B in weekly $BTC ETF inflows
📉 Spot demand: ~170,000 #BTC contraction over 30 days
⚡ Futures demand growth: down ~90% in 15 days
💰 Profit-taking: 25,700 BTC realized on Sept. 22
BTC recently pulled back from $87,400 toward $83K–$84K as resistance near $85K–$85.8K held.
Meanwhile, rising Treasury yields and upcoming inflation data could add more volatility.
The Bull Score signals broadly bullish conditions, but weaker spot demand and slowing futures activity raise questions about the rally's strength.
🎯 Resistance: $85K–$85.8K
⚠️ Support: $81.5K–$83K
Can Bitcoin reclaim $87K without a fresh wave of buyers? 👀
