Bitcoin Shows Signs of Fatigue, First Warning Signals Emerge

Bitcoin is attracting the attention of financial markets after better performance since August, but on-chain analyses indicate the first warning signals. Bitcoin remains above the 365-day moving average, suggesting a new bull market, and the Bitcoin Bull Score stands at 90/100. However, after reaching an eight-month high of $87,400, cracks are beginning to appear. Unrealized gains for traders have increased by 33%, which may lead to increased selling pressure. On September 22, Bitcoin holders realized profits amounting to approximately 25,700 BTC, marking the largest single-day value in 2026. Additionally, the number of altcoin deposits on exchanges rose to 76,000 transactions and 51,000 depositors, indicating potential selling. Demand for Bitcoin has decreased by about 170,000 BTC over the past 30 days, and demand for futures contracts has dropped from 164,000 BTC to 16,000 BTC. The upward trend remains active as long as Bitcoin holds key support levels, with the nearest at $80,000.

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