CryptoQuant: Bitcoin October returns turn negative as U.S. spot demand and profit cushion weaken
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AT A GLANCE
The CryptoQuant report states that Bitcoin October returns were -4.2%, while spot demand, the Coinbase premium, and traders' profit margin all weakened.
Article
Analysis: Bitcoin October Bull market fails to materialize, U.S. demand contracts and profit buffers are depleted
PANews October 29 reported that a CryptoQuant report noted that 2026 year October Bitcoin returns to date stand at -4.2%, far below the 2020-to-date October average +18.1%level. Bitcoin September closed at 83,567 USD，October 25 fell to 80,051 USD，2026 year may become the second consecutive year of negative returns October. The report shows that daily Bitcoin spot demand has been negative since October 14, and as of October 25, cumulative apparent demand as of 30 was -76,000 coins BTC; U.S. investors have shown weak buying interest, with the daily Coinbase premium October 24 falling to -0.146, the lowest since June 30, while the October average was -0.093, times September. Traders' profit margins fell from 33%to 8%，September, and most of the buffer provided during declines has been exhausted. The bull market outlook...
Key points
01
PANews on October 29 relayed the CryptoQuant report.
02
The report states that 2026 year October Bitcoin returns year-to-date stand at -4.2%, below the 2020-to-date October average. +18.1%。
03
Bitcoin September closed at 83,567 USD，October 25 fell to 80,051 USD。
04
The report states that Bitcoin spot demand has been negative daily since October 14; as of October 25，30 day, cumulative apparent demand was -76,000 coins.BTC。
05
The daily Coinbase premium October 24 fell to -0.146, its lowest since June 30; the October average was -0.093, times September.
06
Traders' profit margin fell from 33%to 8%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The indicators cited in this report show that Bitcoin October price returns were negative and spot-demand data were also negative; meanwhile, the Coinbase premium and traders' profit margin declined. For beginners, these figures can be used to track changes in market demand, U.S. investor buying interest, and traders' existing profit cushion.
Why it matters to readers
The report places negative returns, negative spot demand, a lower Coinbase premium, and declining profit margins together, indicating that Bitcoin October performed more weakly than the listed historical averages.
Beginners can continue to monitor Bitcoin spot demand, the Coinbase premium, traders' profit margin, and price performance near 80,051 USD, but should not make trading decisions based solely on one truncated report.
Risks and unknowns
The provided text is truncated at “Bull market assess...,” so the report's conclusion is incomplete.
The full original CryptoQuant report and detailed data were not provided, so the figures cannot be independently verified.
“2026 year may become the second consecutive year of negative returns October” is an as-yet-undetermined assessment.
The material does not explain the specific calculation methods for “apparent demand,” “Coinbase premium,” and “traders' profit margin.”
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