CryptoQuant: Bitcoin Demand is Slowly Fading, Potentially Applying Downward Pressure to Price
BlockBeats News, December 19, CryptoQuant posted data on social media indicating that the Bitcoin demand frenzy is subsiding. This cycle has seen three waves of spot demand surges, and the latest one appears to be coming to an end.
Since early October, demand has been consistently below trend levels, which could create downward pressure on the price.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jack Mallers stated that bitcoin is the best choice for hard asset allocation.
Paychex Reports In-Line First-Quarter Revenue, Affirms Full-Year Outlook
Exchange-Traded Funds, US Equities Decline After Midday
Bitcoin Having Best September Since 2012
Crypto prices
More
