Markets· ★★★· neutral·

CryptoQuant sees signs of a Bitcoin bottom but warns of seller pressure

  • —CryptoQuant: BTC exchange reserves stay low, whale holdings rose to about 3 million BTC
  • —Apparent demand recovered from deeply negative levels but remains below zero
  • —Markets priced roughly an 18% chance of a Fed rate hike in October
  • —Darkfost: the Seller Exhaustion gauge hit levels that marked local cycle peaks
Why it matters: A confirmed bottom hinges on ETF inflows and US spot demand; without them, another correction remains possible despite Uptober hopes.
#BTC
Source: Incrypted
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