Bitcoin Price Faces Second Straight 'Downtober' as US Spot Demand Weakens

Bitcoin price faces second straight 'Downtober' as US spot demand weakens

Bitcoin faces a second straight losing October as CryptoQuant flags weak US spot demand, despite $176 million in ETF inflows ahead of the Fed decision.

Bitcoin Faces Another Red October as Price Drops 4.2%

Bitcoin’s reputation for strong October rallies is facing another test. After five consecutive years of gains during the month, the cryptocurrency is now on track for its second negative October in a row. Data from CryptoQuant shows Bitcoin falling...

CryptoQuant Flags Slowing Bitcoin Demand as $77,600 Support Comes Into Focus

TL;DR CryptoQuant says Bitcoin’s 30-day apparent demand fell to -76,000 BTC and stayed negative from October 14, while the Coinbase Premium weakened in October. The firm’s Bull Score dropped from 90 to 60 as holder profits fell from 33% in September to 8%. Bitcoin remained near $81,350, putting the 365-day moving average around $77,585 into focus, followed by support near $74,041 and $73,028 if weakness continues. Bitcoin demand is weakening as…

Bitcoin Heads for Another October Loss as Demand Weakens

Buying has slowed, and short-term holders’ paper profits have fallen since September.

U.S. Spot Bitcoin ETFs Record $176.0 Million in Oct. 27 Inflows

BlackRock’s iShares Bitcoin Trust supplied $151.5 million, while the latest five-session total was $37.6 million.