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CryptoQuant said that the Bitcoin demand indicator has remained negative for 12 consecutive days, while average unrealized profit for short-term holders has fallen to 8.1%. Its bull market score remains at 60 points, and it has not yet determined that the market has entered a bear market.
BlockBeats cited CryptoQuant certified analyst Trader_Gemini as saying that BTC traders’ realized price has risen again to the 70000 USD mid-range, while the current price remains above this cost line. The analyst said that it should next be observed whether this level can provide support during a pullback and whether profit-taking pressure emerges near the Upper Band.
BlockBeats cites analyst Axel Adler Jr. as saying that, as of October 21, the share of Bitcoin capital held by new investors rose to 11.2%, while short-term holders' average unrealized gains were approximately 9.5%。
PANews cited analyst Darkfost as saying that the proportion of Bitcoin supply in profit fell from having once exceeded 60%to 53.8%, while investors remain inclined to wait and see.
Coinbase Institutional stated that ETH rose in the third quarter 71%, but the percentage of supply in profit remains below the historical caution zone.
BlockBeats reported that CryptoQuant analyst Crypto Dan said the shares of supply in loss and in profit have diverged again, and the market is close to completing its transition to an uptrend cycle.
Analyst Axel Adler Jr. said that Bitcoin long-term holders have reduced their holdings for consecutive 7 weeks, but the price continues to rise, with demand temporarily absorbing the additional supply. He cautioned that if selling expands and the price stops rising or turns downward, the market’s absorption capacity may weaken.
CryptoQuant analyst Darkfost says the exchange BTC monthly average inflow-to-outflow ratio fell to approximately 0.97, indicating that outflows have recently dominated.
CryptoQuant analyst Zizcrypto said that 6 months to 10 years of BTC long-term holders MVRV had risen back to approximately 1.35, above the break-even line, returning to an overall state of unrealized profit.
PANews cited analyst Darkfost as saying that BTC Bitcoin short-term holders’MVRV metric rose to 1.15, reaching a 2025 year November high, with short-term holders showing an average unrealized profit of approximately 15%。
On-chain analyst Darkfost said that Bitcoin's short-term holder cost basis has broken above the active long-term holder cost basis, indicating that cycle momentum may have shifted.