CryptoQuant data shows the 30-day average net aggressive buy volume in BTC futures dropped more than 50%, from $213.7B to $97.8B, in just a few days. The Taker Buy/Sell Ratio has been negative since Aug. 30, resembling the May 2026 pullback.
Matters because: Weakening futures demand and rising short positioning suggest near-term downside pressure on BTC, especially with futures still dominating flow dynamics.