Bitcoin Price Faces Downtrend as Demand Struggles to Match Supply: CryptoQuant

TLDR CryptoQuant’s Julio Moreno links Bitcoin price drop to weak demand The market does not absorb long-term holders’ selling pressure The Apparent Demand indicator shows a negative short-term demand for Bitcoin 1-year Apparent Demand growth remains slow and below key averages Bitcoin’s price struggles without sufficient market absorption of supply Julio Moreno, CryptoQuant’s head of [...]

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