user-avatar
Mark Travoy

Bitcoin Demand Slowed From October 2025, CryptoQuant Says; 365-Day MA Near $98,172

Bitcoin demand growth slipped below trend from early October 2025, pointing to a potential bearish turn. This cycle saw three distinct demand waves, ETFs reduced holdings in Q4 2025, and price remains under the 365‑day moving average near $98,172. Derivatives funding rates fell to their lowest since December 2023, signaling weaker leveraged long appetite.