Bitcoin demand has stabilized, but for growth in Q4, key metrics need to strengthen, according to CryptoQuant analysts.
Since July, the net change in Bitcoin has fluctuated between a loss of 23,000 BTC and a gain of 69,000 BTC, with demand remaining positive in September.
Experts have noted that investor behavior is mirroring patterns from previous halving cycles. They expect buying to resume and short-term supply to increase.
In September, Bitcoin ETFs shifted from a net sale of 5,000 BTC to a peak purchase of 7,000 BTC, the highest since July, analysts added.
