Bitcoin Momentum Softens, Long-Term Demand Holds

[kevin1]

Bitcoin’s short-term momentum cooled after the October 10 market drop, but CryptoQuant reports structural demand remains strong. Analysts caution that it’s too early to call an end to the current bull cycle, characterizing the market as in the “late-stage maturity segment” of the uptrend.

The coming weeks will be critical in seeing whether accumulation accelerates enough to maintain momentum.