CryptoQuant: Bitcoin Demand is Slowly Fading, Potentially Applying Downward Pressure to Price
BlockBeats News, December 19, CryptoQuant posted data on social media indicating that the Bitcoin demand frenzy is subsiding. This cycle has seen three waves of spot demand surges, and the latest one appears to be coming to an end.
Since early October, demand has been consistently below trend levels, which could create downward pressure on the price.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Qianxun Technology launches PayKet, a digital currency financial service platform based on compliant stablecoins
Whale "0xa8e" uses 40x leverage to short 1,125.2 BTC
A whale went short with 40x leverage on 1125.2 BTC, with a liquidation price of $89,130.95
Trending news
MoreCrypto prices
More
