Bitcoin demand is weakening
Bitcoin (BTC) is currently facing significant selling pressure, primarily due to a notable decline in demand growth. According to Julio Moreno, head of research at CryptoQuant, this demand issue is reflected in various valuation metrics, which have remained stuck in bearish territory.
BTC demand (30-day total) is turning negative | Source: CryptoQuant Metrics
One of the clearest indicators is the current demand for BTC (30-day total), which has entered negative territory, indicating weak buying interest. Moreno shared his analysis on X, noting that the most serious signals have appeared since July, when demand for BTC began to drop sharply. $Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$
One of the clearest indicators is the current demand for BTC (30-day total), which has entered negative territory, indicating weak buying interest. Moreno shared his analysis on X, noting that the most serious signals have appeared since July, when demand for BTC began to drop sharply. $Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$
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