CryptoQuant: Bitcoin demand continues to weaken since December
Editor
2 hours ago 888
Share to:
Golden Finance reported that on-chain analysis platform CryptoQuant tweeted that it is witnessing the weakest Bitcoin demand this year. Compare new supply to supply that has been idle for more than a year to understand current demand dynamics. When this ratio is below 0, it indicates that the demand has become negative, which means the amount of bitcoins actively acquired is reduced. As can be seen, demand has been weakening since December and has continued to decline over time. This suggests that investors have become more cautious in the context of ongoing political and economic uncertainty, and may turn to less risky assets.