Bitcoin Demand Downtrend Across Market Indicators
Demand for Bitcoin has been steadily falling since its local peak in May.
Low profits show that investors are still patient and not rushing to sell off.
The latest price action of Bitcoin [BTC] reflects a market in equilibrium, with no clear dominance from either the bulls or the bears. Current investors appear to be neutral, as evidenced by the low percentage of sell-offs. This suggests that a holding mentality is dominating the market amid a lack of consolidation from strong buying demand.
The market still faces a major challenge as demand is not strong enough to push prices above the current resistance zone. The lack of strong buying activity has limited the upside momentum, although many investors still maintain their long-term positions.
Indicators show a clear decline in demand pressure.
On-chain metrics support this view. According to TinTucBitcoin’s analysis of Bitcoin’s 30-day demand, there are clear signs of a decline in demand for the king of cryptocurrencies.
This index compares the amount of newly mined Bitcoin to the amount of BTC in stock over a year, and is used as a proxy for market absorption. Since its local peak in May, the ratio has been falling steadily, suggesting that new buying from individuals and institutions has begun to wane in recent weeks.
Source: CryptoQuant
Holding behavior plays a supportive role in the market.
Despite the gradual decline in demand, the market has not yet entered a mass sell-off. On the contrary, long-term holding by hodlers remains solid. As geopolitical tensions in the Middle East fuel retail gains, the number of investors holding 10 to 100 BTC has nearly reached 32 million, indicating that they remain confident.
This behavior helps maintain market equilibrium. Selling pressure still exists, but is mitigated by buying interest strong enough to prevent sudden price declines.
Source: IntoTheBlock
Market in balance, but facing risk of disorder
Nothing lasts forever. The current equilibrium, driven by the persistence of large holders, could be broken if demand does not kick in soon. The market could drift into a state of instability if demand for Bitcoin does not start to increase again.
Until that happens, Bitcoin prices will remain within this narrow range of rigid control, reflecting the wait-and-see and cautious sentiment of long-term investors.
Source: https://tintucbitcoin.com/bitcoin-giam-manh-co-hoi-hay-rui-ro/
Thank you for reading this article!
Please Like, Comment and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
