Markets· ★★★· bearish·

CryptoQuant: Profit-Taking Weakens Bitcoin's Recovery

  • —Bitcoin Bull Score stands at 90 of 100, with nine of ten indicators bullish
  • —Apparent spot demand shrank by about 170,000 BTC over 30 days
  • —Futures positioning growth fell from 164,000 BTC on Sept 14 to 16,000 BTC on Sept 29
  • —Profit-taking on 25,700 BTC on Sept 22 was the largest daily volume since early 2026
Why it matters: Without a rebound in spot demand, rising unrealized profits and slowing futures activity could turn the current stall into a deeper correction.
#BTC
Source: Cointribune
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