CryptoQuant Flags Weakening Bitcoin Demand as $77,600 Support Comes Into Focus
- —30-day apparent demand at -76,000 BTC, negative since October 14
- —Coinbase Premium averaged -0.093 in October, about three times September's level
- —Short-term holder unrealized profit margin fell from 33% to 8%
- —Below the 365-day MA: support near $74,041 and the 200-day MA at $73,028
Why it matters: With demand cooling and the Bull Score down to 60, holding the $77,585 average is critical; a break opens the door to $74K and below.
Source: Crypto Economy