Bitcoin Is Getting Closer to the Bottom, But Demand Is Falling: CryptoQuant
Bitcoin's bear market might be nearing an end, analysts said, but individuals and institutions aren't lining up to buy the top crypto asset.
Cointelegraph·
CoinShares’ James Butterfill said recent crypto outflows reflect a macro-driven sentiment shock, while other analysts warned Bitcoin’s rebound may remain fragile.
Read full articleBitcoin's bear market might be nearing an end, analysts said, but individuals and institutions aren't lining up to buy the top crypto asset.
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Both Realized Cap and aSOPR are pointing to the same conclusion: capital is leaving the Bitcoin network while forced selling at a loss dominates market behavior.
Fold Holdings has sold approximately $45 million worth of Bitcoin and eliminated all of its secured debt obligations as the fintech company prepares for a new round of product launches and expansion efforts. According to Fold, the Nasdaq-listed company liquidated…
BTC's rebound shows signs of weakening under a string of technical resistance levels, raising the odds of a dip below $60,000 in June.
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