PANews|Oct 27, 2026 15:23
[Report: Bitcoin Buying Momentum Remains Insufficient, Short-Term Traders' Unrealized Profits Drop to 8.1%] CryptoQuant's latest weekly report indicates that buying momentum in the Bitcoin market remains weak. Its on-chain metric for measuring demand has been negative for 12 consecutive days as of October 25th. Meanwhile, the Bitcoin price on Coinbase has consistently lagged behind Binance for the first 25 days of October, reflecting relatively weak buying in the US market. The average unrealized profit for those holding Bitcoin for 1 to 3 months has also narrowed from 33.4% on September 22nd to 8.1% on October 26th. However, CryptoQuant's bullish rating remains at 60 points, with 6 out of 10 indicators remaining bullish. The report suggests that the current market is closer to a "cooling down of the bull market" and cannot yet be considered a transition to a bear market.
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