CryptoQuant: Bitcoin bull market remains at 90 points, but shows signs of fatigue after reaching a high of $87,400
2026-10-01 19:52:11
According to CoinMeta, as reported by CryptoQuant, the bullish trend of Bitcoin (BTC) remains strong, with a bullish rating of 90 points. However, it has shown signs of fatigue after reaching an eight-month high of $87,400. The market has confirmed its bullish status, with the closing price above the 365-day moving average. CryptoQuant notes that the unrealized profit rate of BTC has reached 33%, the highest level since December 2024, indicating a significant amount of potential profits that could be realized. Historical data shows that excessively high profit margins usually lead to selling pressure and downward price trends. On September 22, $25,700 in BTC profits were realized, setting a new record for the highest single-day total in 2026. Over the past 30 days, spot demand has decreased by 170,000 BTC, while futures demand has slowed from 164,000 BTC on September 14 to the current level of 16,000 BTC. Support levels below the current price are around the 365-day moving average at $80,000, the 200-day moving average is around $71,000, and traders' realized prices are at $67,000. CryptoQuant indicates that as long as these support levels are maintained, the bullish trend will continue.
Source:The Daily Hodl
This content is for market information only and does not constitute investment advice.
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