Update
CryptoQuant: Potential Bitcoin Price Bottom Forming
CryptoQuant's analysis suggests a potential Bitcoin price bottom forming in early October, as demand continues to weather external headwinds including high US bond yields and rising oil prices. Bitcoin exchange reserves have decreased slightly, while whale holdings remain above 3 million BTC, indicating supportive demand. XWIN Research Japan, a CryptoQuant contributor, points to cooling expectations of interest-rate hikes and more clarity on the US political situation as reasons for the potential bottom.