Bitcoin remains in a bull market after closing above its 365-day moving average, but several indicators suggest momentum is slowing. Short-term holders now show an unrealized profit margin of 33%, the highest since December 2024, with approximately 25,700 BTC sold at a profit on September 22, marking the largest single-day realized profit in 2026. Demand is weakening in both spot and futures markets, with apparent spot demand falling by roughly 170,000 BTC over 30 days and speculative futures positions declining significantly. CryptoQuant maintains its Bitcoin Bull Score Index at 90 and identifies key support levels around $80,000, $71,000, and $67,000.
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