Bitcoin Bulls Face Headwinds: Demand Fading and Critical Support Tests
Bitcoin Bulls Face Headwinds: Demand Fading and Critical Support Tests
Bitcoin (BTC) is trading at $101,328, having erased a recent recovery. On-chain data indicates a decline in demand momentum, with long-term holders selling into weakness as the market tests structural support levels reminiscent of mid-cycle corrections. For bulls to regain control, positive BTC ETF flows and a reclaim of the $112,500 price point are deemed essential.
Bitcoin (BTC) trades at $101,328 as of press time, erasing the 2.3% recovery that had briefly pushed the price to $103,885 the day before. The breakdown confirms what on-chain data has been telegraphing about demand momentum fading, long-term holders selling into weakness, and the market testing structural supports last seen during mid-cycle corrections. The two […]