A trend guage tracked on onchain analysis firm CryptoQuant is near its ceiling. The buyers who drove BTC to an eight-month high are already pulling back. Bitcoin’s rally is showing signs of cooling despite CryptoQuant’s Bull Score reaching 90 out of 100, as the cryptocurrency slipped from an eight-month high near $87,400 to about $83,300. Spot demand contracted by roughly 170,000 Bitcoin over the past 30 days, while growth in speculative futures demand plunged 90 percent in 15 days, making furt…
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