CoinDesk reports bull score at 90 while spot demand shrinks 170,000 BTC

Bitcoin's advance from the summer lows has stalled at $83,300 as spot demand contracts by roughly 170,000 BTC over thirty days and futures demand growth collapses ninety percent in two weeks.^[1][2] Exchange inflows have turned modestly positive again, reversing earlier outflows and aligning with profit-taking from buyers now sitting on thirty-three percent average unrealized gains.^[1]

Network hashrate holds steady near 950 EH/s with no miner capitulation or acceleration, while fresh Treasury sanctions on Iran's weapons procurement networks tighten dollar access for third-country intermediaries without any observable capital flight into Bitcoin.^[3][4] Higher real yields and a firm dollar continue to raise opportunity costs across risk assets. The open question is whether the bull-score metric near ninety reflects exhausted momentum or simply a pause before the next leg, and nothing in the last twenty-four hours resolves it.