Bitcoin Is Getting Closer to the Bottom, But Demand Is Falling: CryptoQuant
Hex37's read
- Bitcoin's bear market may be nearing its end.
- However, demand for Bitcoin is currently falling.
- Both individual and institutional buyers are hesitant.
What it means for traders
- Potential for a bottoming out, but lack of demand suggests a slow recovery or further consolidation.
- Traders should watch for signs of increasing demand before considering long positions.
Affected markets
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