Bitcoin shows signs of consolidation after reaching its all-time high of over 123,000 Dollar last month, according to CryptoQuant analysis.



The Bull Score index dropped from 80 to 60, indicating positive but waning momentum in the current market cycle.

The growth of stablecoin liquidity has stalled with USDT expanding by $9.6 billion over the past 60 days, but the pace is now declining from the trend.

Margin profit signals on-chain turned red as traders made significant gains, indicating classic profit-taking behavior patterns.

Any further drop below the 40 level on the Bull Score indicator would indicate the first bearish conditions since April 2023.

The interest rate cuts that the Federal Reserve will implement in September may act as a key catalyst for renewing upward momentum.

CryptoQuant describes the current conditions as a temporary halt in the upward trend and not a fundamental shift to a bearish zone.

The slowdown reflects profit-taking after recent record highs and the seasonal slowdown in summer trading activity.
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YNWenxinvip
· 6h ago
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SaniaCryptoStaRvip
· 08-09 06:04
Ape In 🚀
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Ameelyvip
· 08-09 05:21
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Samiulvip
· 08-09 02:53
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Gogocreptoovip
· 08-08 19:01
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GateUser-1e362cc2vip
· 08-08 11:52
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