Bitcoin Bull Score Reaches 90 as Demand and Futures Momentum Cool

CryptoQuant’s Bitcoin Bull Score reached 90 out of 100 after Bitcoin broke above its 365-day moving average, a reading that the firm associates with bullish market conditions.

The elevated Bitcoin Bull Score comes alongside signals that the rally’s momentum has weakened. Apparent spot demand contracted by about 170,000 BTC over the preceding 30 days, according to the indicators cited by CryptoQuant.

Futures activity also slowed. Speculative futures-demand growth fell from about 164,000 BTC on September 14 to 16,000 BTC on September 29, representing a reduction of roughly 90%.

Bitcoin had pulled back to around $83,300 by September 30 after reaching an eight-month high near $87,400. CryptoQuant maintained that the market remained in a bull phase, while warning that cooling demand and rising profit-taking could precede a correction.

Bullish market reading meets softer demand

The 90 reading on CryptoQuant’s Bitcoin Bull Score followed Bitcoin’s move above its 365-day moving average. The gauge indicates that conditions tracked by the firm remained broadly supportive of a bull market.

However, the demand data cited in the analysis pointed in the opposite direction in the near term. Apparent spot demand fell by approximately 170,000 BTC during the previous 30 days, suggesting that buying interest had eased as the price advanced and then retreated from its recent high.

• Bitcoin Bull Score: 90 out of 100.
• Apparent spot-demand change over 30 days: about minus 170,000 BTC.
• Bitcoin moved above its 365-day moving average before the score reached 90.

Futures growth and profit-taking add caution

Speculative futures-demand growth declined sharply between mid- and late September. The cited measure dropped from around 164,000 BTC on September 14 to roughly 16,000 BTC on September 29.

Profit-taking also increased. Holders realized profits on 25,700 BTC on September 22, the largest single-day amount reported for 2026 in the cited data. These figures do not by themselves establish that a correction will occur, but they support CryptoQuant’s warning that the market may be more vulnerable to one.

• Speculative futures-demand growth fell from about 164,000 BTC to 16,000 BTC between September 14 and September 29.
• The decline represented an estimated 90% reduction.
• Reported profit-taking reached 25,700 BTC on September 22.

What the mixed signals indicate

The data presents a split picture: the Bitcoin Bull Score remained high and CryptoQuant continued to describe the broader market as bullish, while demand, derivatives momentum and realized profits showed signs of fatigue.

For market participants, the distinction is important. A bullish regime indicator describes broader conditions, whereas weaker spot demand, slower futures growth and heavier profit-taking can affect shorter-term price behavior. Bitcoin’s retreat from near $87,400 to roughly $83,300 illustrates the volatility surrounding those signals.

Elsewhere in the Bitcoin sector, corporate and institutional developments remain active, including recent updates involving Riot Platforms and Strategy.

Continue reading: Riot Platforms’ repayment of its Coinbase credit facility on BTCNews.

Continue reading: Strategy’s proposed daily preferred-stock dividends on BTCNews.

Sources

• CoinDesk: Bitcoin rally shows signs of cooling even as a 'bull score' gauge nears its perfect score
• The Block: CryptoQuant says bitcoin correction could be near as traders' unrealized profit hits 21-month high
• CoinMarketCap: Bitcoin Bull Market Shows 'Signs of Fatigue,’ CryptoQuant Says

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