CryptoQuant Flags Slowing Bitcoin Demand as $77,600 Support Comes Into Focus

TL;DR CryptoQuant says Bitcoin’s 30-day apparent demand fell to -76,000 BTC and stayed negative from October 14, while the Coinbase Premium weakened in October. The firm’s Bull Score dropped from 90 to 60 as holder profits fell from 33% in September to 8%. Bitcoin remained near $81,350, putting the 365-day moving average around $77,585 into focus, followed by support near $74,041 and $73,028 if weakness continues. Bitcoin demand is weakening as October closes, leaving the market focused on support levels after BTC failed to sustain momentum. In its October 27 research , CryptoQuant said Bitcoin traded near $81,350, down from September’s $83,570 close and about 3.3% lower for October. The firm describes conditions as bullish but cooling, with demand deteriorating while price approaches its 365-day moving average near $77,585.

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