Bitcoin rally shows signs of cooling even as a 'bull score' gauge nears its perfect score
Reported by CoinDesk · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Bitcoin's recent rally is showing signs of cooling despite CryptoQuant’s Bull Score reaching 90 out of 100. The price slipped from an eight-month high near $87,400 to about $83,300 as spot demand shrank by roughly 170,000 BTC over the past 30 days. Speculative futures demand also plunged 90% in 15 days, and profit-taking along with exchange deposits have increased.
Why it matters
The source indicates that without fresh demand, Bitcoin's price rallies struggle to extend, making near-term upside harder to sustain. The contraction in spot demand and drop in futures growth suggest that the momentum behind Bitcoin’s recent gains may be weakening, which could affect market sentiment and trading activity in the near future.
Key context
CryptoQuant’s Bull Score combines onchain and market indicators into a single reading and jumped after Bitcoin broke above its 365-day moving average—an event treated as confirmation of a bull market by the firm. Bitcoin holders’ average unrealized gains are at 33%, the widest since December 2024, which has led to increased profit-taking and greater altcoin deposits to exchanges, the highest since October 2025.
Key numbers and entities
Bitcoin's price fell from near $87,400 to about $83,300. Spot demand contracted by approximately 170,000 BTC over 30 days. Speculative futures demand dropped from about 164,000 BTC on September 14 to 16,000 BTC on September 29, a 90% decrease. Profit-taking reached 25,700 BTC on September 22, the largest of the year. Altcoin deposits to exchanges hit 76,000 coins over seven days, from 51,000 addresses. CryptoQuant is the analysis firm providing the Bull Score and data.
What remains unclear
The source does not specify which factors may reignite demand or how external macroeconomic influences might impact Bitcoin’s price trajectory beyond mentioning a pending U.S. inflation report. It also does not explain the broader implications for institutional investors or detailed market reactions outside of spot and futures demand trends.