Demand for BTC and ETH Exposure Weakens as U.S. Investors Turn Cautious: CryptoQuant

The cryptocurrency market is facing a decline in momentum, which is affecting all sectors in the ecosystem, particularly areas linked to investors in the United States. A report from CryptoQuant revealed that ￰0￱ are exhibiting a slowdown in demand for bitcoin (BTC) and ether (ETH). This slow pace extends to both the spot and derivative markets, following a significant rally in late September that drove BTC and ETH to $126,000 and nearly $5,000, ￰1￱ and ETH Demand Weakens During the last rally weeks ago, investor appetite for exposure to BTC and ETH increased, as reflected in the demand for these assets and their related ￰2￱ enthusiasm waning, ￰3￱ — both retail and institutional — have become cautious in their ￰4￱ stated that all metrics in the spot, futures, and derivatives markets indicate profit-taking rather than renewed accumulation among ￰5￱ analyzed by experts collectively points to a cooling sentiment among ￰6￱ also suggests that market participants in the ￰7￱ waiting for new catalysts before re-entering the risk ￰8￱ the ￰9￱ and Ethereum exchange-traded fund (ETFs) market, outflows are now ￰10￱ seven-day average net outflow from spot Bitcoin ETFs stands at 281 BTC, amounting to $30.6 million in negative ￰11￱ states that this is one of the weakest records for these Bitcoin products since April, indicating that ETFs acted as net sellers of BTC last ￰12￱ the Ethereum ETFs front, inflows have slowed since mid-August and are currently almost at ￰13￱ Markets Feel the Heat Furthermore, the Coinbase price premium indicates that spot demand on ￰14￱ exchanges has ￰15￱ 24-hour moving average of the metric is falling close to zero for the first time since September ￰16￱ coinbase premiums usually signal higher prices on the exchange, an indication that demand in the ￰17￱ growing faster.

Meanwhile, investor demand in the Bitcoin and Ethereum futures markets is at low ￰18￱ can be seen in the decline of the Chicago Mercantile Exchange’s (CME) Futures annualized ￰19￱ Bitcoin, the metric has fallen to 1.98%, its lowest in over two ￰20￱ Ethereum, the indicator has declined to 3.0%, the lowest since July ￰21￱ indicates that the demand for Bitcoin and Ethereum futures with expiration dates in six months or longer has decreased as both assets have fallen from their all-time highs.