Bitcoin demand gauge sinks to worst level since December as spot buying weakens
Hex37's read
- Bitcoin's 30-day apparent demand indicator is negative.
- This signals buyers are not absorbing available supply.
- Market is potentially vulnerable to price drops.
What it means for traders
- Weak demand suggests a bearish short-term outlook for BTC.
- Consider shorting BTCUSDT on signs of further supply pressure.
Affected markets
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