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CryptoQuant: Bitcoin Demand Stabilizes but Faces Challenges for Strong Q4 Rally

Shawn

Summary: Bitcoin demand showed signs of stabilization in September, but stronger growth is necessary for a significant Q4 price rally, according to CryptoQuant analysts.  While September saw steadier demand, it wasn't enough to trigger a sustained rally like earlier in the year. U.S. spot bitcoin ETFs showed renewed strength, driving demand, but recent outflows from ETFs ...

Bitcoin demand showed signs of stabilization in September, but stronger growth is necessary for a significant Q4 price rally, according to CryptoQuant analysts. 

While September saw steadier demand, it wasn't enough to trigger a sustained rally like earlier in the year. U.S. spot bitcoin ETFs showed renewed strength, driving demand, but recent outflows from ETFs signal uncertainty ahead. 

Bitcoin's price remains above $62,000, with potential for growth if demand accelerates in the final quarter of 2024.

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Link: CryptoQuant: Bitcoin Demand Stabilizes but Faces Challenges for Strong Q4 Rally   [Copy]
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