Geopolitics Alpha

Bitcoin rally shows signs of cooling even as a 'bull score' gauge nears its perfect score

Published . Updated .

A trend guage tracked on onchain analysis firm CryptoQuant is near its ceiling. The buyers who drove BTC to an eight-month high are already pulling back.

Directly affected

  • PERF Perfect

    Named in this report.

Indirectly affected

  • IBIT iShares Bitcoin Trust

    This price moves with the crypto market

  • COIN Coinbase

    The crypto exchange moves with trading volumes

  • MSTR Strategy

    This company's value is tied to its bitcoin holdings

  • MARA MARA Holdings

    Bitcoin miners move with the bitcoin price

  • RIOT Riot Platforms

    Bitcoin miners move with the bitcoin price

  • HOOD Robinhood

    Retail trading apps move with crypto volumes

  • BITB BITWISE BITCOIN ETF TR

    GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • BITU PROSHARES ULTRA BITCOIN ETF

    GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • BITX 2X BITCOIN STRATEGY ETF

    GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • FAS DIREXION DAILY FINANCIAL BULL 3X ETF

    GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: bull. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
PERF———————
IBIT———————
COIN———————
MSTR———————
MARA———————
RIOT———————
HOOD———————
BITB———————
BITU———————
BITX———————
FAS———————

A trend guage tracked on onchain analysis firm CryptoQuant is near its ceiling. The buyers who drove BTC to an eight-month high are already pulling back.

Source: CoinDesk

The price since 30 Sep 2026: Perfect (PERF) versus the S&P 500

Since the first closing price after “Bitcoin rally shows signs of cooling even as a 'bull score' gauge nears its perfect score,” Perfect (PERF) is +3.12%. The S&P 500 fund (SPY) is +0.33% over the same days, a +2.80% difference versus the market.

PERF
SPY

Who gains and who loses around Perfect (PERF)

Companies carried with this story

  • PERF Perfect

    In “Bitcoin rally shows signs of cooling even as a 'bull score' gauge nears its perfect score,” Perfect (PERF) is linked, with no stored direction, high confidence. Reason on file: The reported development directly names PERFECT CORP in the headline; GA resolved that company to PERF

  • BITB Bitwise Bitcoin ETF

    Bitwise Bitcoin ETF (BITB) is linked, with no stored direction, medium confidence in the 30 Sep 2026 story “Bitcoin rally shows signs of cooling even as a 'bull score' gauge nears its perfect score.” Reason on file: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BITU Proshares Ultra Bitcoin Etf

    Proshares Ultra Bitcoin Etf (BITU) is linked, with no stored direction, medium confidence in the 30 Sep 2026 story “Bitcoin rally shows signs of cooling even as a 'bull score' gauge nears its perfect score.” Reason on file: GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BITX 2X Bitcoin Strategy Etf

    2X Bitcoin Strategy Etf (BITX) is linked, with no stored direction, medium confidence in the 30 Sep 2026 story “Bitcoin rally shows signs of cooling even as a 'bull score' gauge nears its perfect score.” Reason on file: GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • FAS Direxion Daily Financial Bull 3X Etf

    In “Bitcoin rally shows signs of cooling even as a 'bull score' gauge nears its perfect score,” Direxion Daily Financial Bull 3X Etf (FAS) is linked, with no stored direction, medium confidence. Reason on file: GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: bull. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • GBTC Grayscale Bitcoin Trust ETF

    For “Bitcoin rally shows signs of cooling even as a 'bull score' gauge nears its perfect score,” Grayscale Bitcoin Trust ETF (GBTC) is linked, with no stored direction, medium confidence. Reason on file: GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • GGLL Direxion Daily Googl Bull 2X Etf

    In “Bitcoin rally shows signs of cooling even as a 'bull score' gauge nears its perfect score,” Direxion Daily Googl Bull 2X Etf (GGLL) is linked, with no stored direction, medium confidence. Reason on file: GA selected GGLL as a RELATED security because its canonical security name directly matches this event's themes: bull. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Perfect (PERF)

The 30 Sep 2026 story “Bitcoin rally shows signs of cooling even as a 'bull score' gauge nears its perfect score” names Perfect (PERF) because of this story.

For Perfect (PERF), the reason on file says The reported development directly names PERFECT CORP in the headline; GA resolved that company to PERF

Bitwise Bitcoin ETF (BITB) is here too. Its reason reads: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

The price range for Perfect (PERF), and the dates in the story

BITB traded between 43.26 and 47.30 across 20 sessions. The latest close on file is 44.34. BITU traded between 13.70 and 16.49 across 20 sessions. The latest close on file is 14.38. PERF traded between 1.89 and 1.99 across 20 sessions. The latest close on file is 1.98.

How strong the case is around Perfect (PERF)

46 out of 100

“Bitcoin rally shows signs of cooling even as a 'bull score' gauge nears its perfect score” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.