Report: Bitcoin buy-side absorption still lacking, short-term traders' unrealized gains narrow to 8.1%
10/28/2026, 07:30:03
Bollcoin, October 27: CryptoQuant's latest weekly report notes that buy-side support for Bitcoin remains insufficient. Its on-chain demand indicator has been negative for 12 consecutive days as of October 25, while Coinbase's Bitcoin price stayed below Binance's during the first 25 days of October, reflecting relatively weak U.S. buying. Average unrealized gains for holders of 1–3 months narrowed from 33.4% on September 22 to 8.1% on October 26. Still, CryptoQuant's bull market score stands at 60, with 6 of 10 indicators bullish, suggesting a "bull market cooling" rather than a bear market.