The high price of bitcoin (BTC) in the price may not be attributed to increased demand among investors, such as the series Data Cryptoquant Analysis reveals a sudden weakness in the immediate demand for assets.
According to modern data from the company, Bitcoin’s immediate demand slowed from the high pace of previous drops, but it is still negatively heading as its decrease continues – decreased by 146,000 Bitcoin in the last 30 days.
Bitcoin gathering is not sustainable
This negative momentum prevailed despite the constant market gathering that witnessed the price of the leading cryptocurrency, Bitcoin, to restore previous losses with stability above 90,000 dollars on April 22.
Bitcoin led the last gathering in the market, with a price increased to $ 91,700 from the lowest level of $ 87,031 in the early hours of the day. Data from Coinmarketcap show an increase of 4.85 % at its price and a noticeable increase of 10.26 % in the trading volume.
However, the momentum of the wide demand in Bitcoin, which monitors and tracks the purchase activity from new investors against those present, continued to decline, raising concerns among investors about the future Bitcoin returns.
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The Analysis Company revealed that the Bitcoin demand momentum has now decreased by 642000 BTC, the lowest level it has reached since October 2024. This indicates that investors are visiting the distinctive symbol amid suspected early bear market trends.
This scale threatened Bitcoin Bull Run, as historical trends show that the constant estimate of bitcoin price is often supported through increased demand and strong momentum.
Consequently, the company warned that Bitcoin may not resume a sustainable gathering if both the immediate demand for bitcoin and the momentum of wide demand does not settle and return to a fixed positive growth.
According to Cryptoquant, the interesting interest in the last Bitcoin request in the immediate stable Bitcoin ETF flows in the United States. This stability has been observed in ETF Bitcoin flows since late March, constantly moving between 5000 and +3000 BTC daily.
Although Bitcoin showed strength in other standards, the negative demand momentum indicates a low interest in bitcoin compared to previous bulls. As such, this raised concerns between current holders and investors, as big investors still hope for more gatherings to increase the gains.
