A STH Signal That's Historically Marked The End of Bear Markets “The bear market trend only truly reverses once profits settle in for good STH and then push them to hold their positions and ride the upside.”
📍 U.S. #Spot #Bitcoin ETF flows have improved materially after the heavy distribution seen through June and early July.
During that period, the 7-day average of ETF flows fell toward -5K $BTC per day, signaling significant selling pressure. The recent recovery in flows suggests that institutional demand is strengthening again. 📈
👉 If this trend continues, improving ETF demand could provide an important tailwind for $BTC in the coming weeks.
📊 The CryptoQuant Bull Score Index just dropped from a score of 80 to 60 within a few days.
The regime has deteriorated slightly but remains in a bull regime as long as the score stays >60. $BTC needs the overall situation to improve further, particularly on the demand side.
#Bitcoin ’s demand structure is improving, but has yet to show the strength of a sustained bullish regime.
Negative-demand troughs are becoming shallower, suggesting the market is moving away from contraction. However, recent positive demand remains modest and well below the stronger expansions seen in late 2024 and 2025.
For now, #Bitcoin appears to be transitioning toward demand stabilization, not full demand expansion. A sustained rally would require stronger and more persistent demand growth.