Bitcoin Rally Shows Signs of Slowing Despite High Bull Score

Bitcoin's price decrease follows a peak, signaling a potential slowdown in momentum.

Bitcoin's recent surge to an eight-month high of approximately $87,400 is losing traction, with the cryptocurrency now trading around $83,300. This decline comes despite CryptoQuant's bullish indicators, which show a "Bull Score" of 90 out of 100 based on various market metrics.

Recent data reveals that spot demand for Bitcoin has dropped significantly, with approximately 170,000 BTC less being sought over the past month. Additionally, speculative futures demand has plummeted by a staggering 90% in just two weeks, indicating a retreat from aggressive buying.

Profit-taking behavior is evident, with new Bitcoin holders enjoying an average unrealized gain of 33%. This profit-taking peaked on September 22, when holders locked in gains on 25,700 BTC, the largest single-day profit-taking event this year. Furthermore, altcoin deposits to exchanges have surged, reaching the highest levels since October 2025, suggesting that holders are positioning for potential sales.

CryptoQuant’s Julio Moreno noted, "Without fresh demand, rallies struggle to extend. With spot demand contracting and futures growth stalling, near-term upside becomes harder to sustain." This sentiment underscores the challenges Bitcoin faces in maintaining its price momentum without renewed interest from buyers.

As Bitcoin's minor increase coincided with a positive trend in Asian markets, traders are closely monitoring an upcoming U.S. inflation report. The outcome of this report could significantly influence interest rate expectations, affecting risk assets like Bitcoin.