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78 Days Without US Buyers, But Citadel Still Says the Bull Market Is Alive

US demand for Bitcoin fell for 78 straight days, a record low, while Citadel Securities said the sharp July sell‑off only reset, not ended, the equity bull market.

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What happened

US demand for Bitcoin fell for 78 straight days, a record low, while Citadel Securities said the sharp July sell‑off only reset, not ended, the equity bull market.

Confirmed

Global impact / market context

A prolonged drop in US Bitcoin buying shows weak speculative interest, which can keep prices low. At the same time, the equity market’s reset suggests investors may shift focus back to stocks, affecting capital flows across assets.

Analyst inference

The record‑long negative Bitcoin demand highlights a broader risk‑off mood, yet the equity market’s resilience means investors still see opportunities in stocks, creating a split in where money is allocated.

Analyst inference

What to watch

  1. Future US Bitcoin buying trends – a rise could signal renewed speculative appetite and price support. Analyst inference
  2. Equity market performance after July – continued strength would confirm the bull market reset view. Analyst inference
  3. Capital flows between crypto and equities – shifts could affect liquidity and valuation for both asset classes. Analyst inference

Affected assets

  • BTC — Bitcoin

Evidence