CryptoQuant分析师
▲ 看涨Local bottom or deeper correction? Nearly every cycle indicator we track has turned bearish at once: • Bull Score: 20, down from 90 on October 13 • Apparent demand: −284K BTC over 30 days, the fastest contraction since March 2025 • USDT supply: −$6.6B in 60 days, more than double the post-FTX drop • Trader margin: −6%, down from +33% in September The same readings marked the April 2025 bottom. What’s missing this time is the US bid: the Coinbase premium has been negative for 30 straight days. The levels to watch: a close above $76.4K (365-day MA) would be the first bottom signal. A close below $73.2K (200-day MA) opens a deeper correction. 👉️️️️️️ Full report. @cryptoquant_official
