<ul><li>Bitcoin's current trends mimic its successful years of 2016 and 2020, yet demand has stagnated since July.</li><li>US spot ETFs, particularly BlackRock’s IBIT, drive demand by adding significant Bitcoin holdings.</li><li>Despite substantial outflows from Grayscale’s GBTC, the US funds collectively hold over US$56 billion in Bitcoin.</li><li>Analyst Willy Woo forecasts a delayed Bitcoin ATH, expecting sideways movement through late year but remains bullish long-term.</li></ul>

CryptoQuant Says Weak Demand Could Cause Sluggish BTC Performance Despite ‘Uptober’

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