Bitcoin’s Q4 rally uncertain amid weak demand signals – CryptoQuant
Despite entering a traditionally strong period, Bitcoin faces uncertain rally prospects due to sluggish demand growth.
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Despite entering a traditionally strong period, Bitcoin faces uncertain rally prospects due to sluggish demand growth.
Assad Jafri 3 min read
Hayes linked Bitcoin's growth to ongoing monetary expansion and political turmoil rather than regulatory changes.
High open interest in futures contracts and weakening spot market purchases could disrupt Bitcoin’s historically strong October performance.
The rally comes amid market optimism driven by the Fed's rate cut, economic stimulus in China and sustained demand from institutional players in the US.
Hong Kong to align crypto derivatives reporting with global standards by 2025.
Despite breaking the $65,000 area this afternoon, Bitcoin still needs to hold its price above it to confirm the bullish sentiment.
Bitcoin movement in tandem with the M2 Index and on-chain data can be useful signs to assess market cycles, the report points out.
Analysts highlight the convergence of Bitcoin and altcoin momentum as a promising sign for broader market recovery.
Macroeconomic indicators prompt disconnected analysis from different analysts from the crypto industry over Bitcoin's future.
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