BTC recently turned lower from the 200-day average, a barometer of long-term trends. CryptoQuant explains why. Bitcoin is trading near $77,900 after failing to break above its 200-day moving average around $82,400, a level analysts see as a key test between a bear-market bounce and a sustained recovery. CryptoQuant says demand drivers behind the recent rally—leveraged futures buying, spot demand and U.S. spot bitcoin ETF inflows—have all weakened, with its Bull Score Index dropping to an “extre…
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