Bitcoin Stagnates as Altcoins Rally

Bitcoin remains steady around $83,250, retreating from its recent eight-month high of $87,400, while Ethereum holds near $2,670. Despite the lack of momentum for major assets, altcoins like Avalanche, NEAR, and Quant have seen significant gains, with Quant surging nearly 19% in 24 hours. CryptoQuant research indicates that spot and futures market demand for Bitcoin has cooled, leaving the market awaiting new catalysts.