Scan with your phone to get the appBitcoin heads for another October loss as buying slows and short-term holders' profits fall.
Bitcoin (BTC) is set to lose 3.3% by October 28, trading near $81,350, down from the September close of $83,570.
CryptoQuant reports the 30‑day apparent demand metric has been negative at -76,000 BTC since October 14, indicating fewer buyers than new supply; the Coinbase premium versus Binance stayed negative, hitting -0.146 on October 24, the lowest since late June.
Short‑term traders' paper profits fell from about 33% in September to 8%, and CryptoQuant's Bull Score dropped from 90 in late September to around 60 after October 19, while Bitcoin approaches key support levels around $77,585 (365‑day MA), $74,041 (average cost basis) and $73,028 (200‑day MA).
Summary rewritten by AI from the original article by CryptoPotato.
BTC price around the news
Dashed line: news time ($81,528.80) Now: $81,321.04 -0.25%
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$81,321.00
+0.70% 24h
-0.25% since the news
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Summary and rating written automatically by the AI of CoinXview from the original article; it may be incomplete or wrong — read the original for details. Not investment advice.