Bitcoin's Demand Momentum is the worst in months

Short-term investors (STH) have sold approximately 800,000 since May 27, 2025.

The chart shows the deepest negative cut since 2020, even deeper than during the LUNA/FTX collapse in 2022.

New spot demand from retail and institutions is "drying up" => very few people are willing to catch the bottom right now

- Selling pressure from STH is still high if the price breaks the support zone of $93k–94k.

- Macroeconomic volatility may prolong negative sentiment for several weeks.

*If history repeats itself, this is not the time to sell, but the time to:

- Observe movements from LTH.

- Wait for DCA (dollar-cost averaging) at the macro support zone.

- Monitor on-chain: cold wallets, stablecoin flows, and funding rates on futures.

03340063291