Analyst: Slowdown in 100-1,000 BTC wallet buying signals bear market

Julio Moreno, a senior analyst at CryptoQuant, has observed a slowdown in buying pressure from addresses holding between 100 and 1,000 BTC. Moreno noted that this cohort, which includes addresses for ETFs and corporate treasuries, saw its cumulative annual purchase volume decline from a peak of 965,000 BTC to its current level of 694,000 BTC. He suggested that this weakening demand indicates the market has entered a bearish phase.