Bitcoin Demand Weakens as BTC Price Risks Prolonged Consolidation
Cointelegraph
Bitcoin faces a period of potential consolidation as waning spot demand and negative ETF flows pressure the price below $80,000.Summary
Bitcoin is experiencing a significant decline in demand, hitting four-month lows, which experts suggest may lead to an extended period of consolidation or further corrections. Data from Capriole Investments and Glassnode indicates that spot market activity and US-based ETFs have turned toward net contraction. Analysts warn that unless Bitcoin can sustain its position above the $78,300 true market mean, the current price structure remains at risk, potentially signaling a local top rather than the beginning of a new bull market.
(Source：Cointelegraph)