SN44
−2.5%Bitcoin bull score holds at 90 as spot and futures demand cool
Image: Crypto.newsBitcoin's Bull Score Index stands at 90 out of 100 after BTC closed above its 365 day moving average. Demand is cooling. Apparent spot demand contracted by 170,000 BTC over the past 30 days, and futures demand growth slowed sharply. Traders' average unrealized profit margin reached 33%, the highest since December 2024, and profit-taking has begun. One report said 25,700 BTC was realized in profits on September 22nd.
Key points
- Bitcoin's Bull Score Index stands at 90 out of 100 after a close above the 365 day moving average.
- Apparent spot demand contracted by 170,000 BTC over the past 30 days, according to CryptoQuant.
- Traders' unrealized profit margin reached 33%, the highest level since December 2024.
- Futures demand growth slowed sharply after the rally, with demand cooling in both readings.
- Bitcoin pulled back from an eight month high as profit-taking increased and leveraged traders cut exposure.
Why it matters
The Bull Score shows bullish conditions remain in place, while shrinking spot demand and rising unrealized profits mean recent buyers hold large gains available to realize.
What's unclear
The size of the futures demand slowdown is described differently, with one report citing a roughly 90% fall in 15 days and another reporting growth dropping from 164,000 BTC to 16
Price context · BTC
At publication
$83,950.00
Now
$83,771.00
Change since
−0.21%
7 days · dashed line = publication
Sources · 2 publishers
The Daily Hodl
Tier 2
Bitcoin (BTC) Bull Market Maintains 90 Score but Flashes Fatigue After $87,400 Peak
Coverage timeline
- First reported by Crypto.news
- Confirmed by The Daily Hodl
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
