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Bitcoin demand weakens with 12 days of negative on-chain signals and falling paper gains to 8.1%.

Technical Signals
28 Oct 2026, 04:39 WIB
Tokenpost
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Bearish
Bitcoin demand weakens with 12 days of negative on-chain signals and falling paper gains to 8.1%.

Bitcoin demand showed signs of weakening through late October, marked by 12 consecutive days of negative on-chain demand signals and a drop in average unrealized gains for holders from 33.4% in late September to 8.1% by October 26. The U.S. market showed comparatively weaker buying, with Coinbase prices consistently lower than Binance's during early October. Despite these cooling indicators, six out of ten bull-market indicators remain positive, suggesting that Bitcoin has not yet entered a bear market.

Bitcoin's recent weakening buying support is offered here as context alongside Pluang's cryptocurrency market snapshot as of Oct 28, 2026 08:31 WIB: Among 50 major cryptocurrencies, 35 rose and 14 fell today. Notably, SNX gained 2.19% with 100% buy orders and a typical hold time of 70 days, contrasting with XRP which rose 2.16% but saw 65% sell orders and a 72-day hold time. LUNC also rose 2.09% with 70% buy orders and a notably longer hold time of 196 days.

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